There’s an interesting excerpt here from the environmental documentary “Mother” on the under-recognised problems with economic growth, including the fact that sprawl always ends up costing a municipality more than it brings in. Also some great imagery of the craziness of mass industrialisation.…
Jun 04, 2015 Comments Off on Credo: Economic Beliefs in a World in Crisis
In our latest Feasta book, Brian Davey describes how economists preach a 'gospel' which gravely misrepresents the complexity of human psychology, exacerbates inequality and seeks to justify the destruction of communities and environments. Salvation is supposedly in efficiency, competitive markets, specialisation, technology and, above all, growth - but we are now crashing against ecological limits.
May 12, 2015 Comments Off on Framespotting: Review by Caroline Whyte
What do climate change, sports teams and your family's achievements have in common? Read Laurence and Alison Matthews' new book 'Framespotting' to find out.
Oct 16, 2014 Comments Off on 23 Things They Don’t Tell You about Capitalism by Ha-Joon Chang: Review
Graham Barnes writes "There were so many tweetable gems in the 260 pages of this book, that I had to exercise self control or be suspected of agency status."
Oct 07, 2014 Comments Off on Critique by Clive Spash of the “Better Growth, Better Climate” report
In this discussion paper Clive Spash of the University of Economics and Business in Vienna critiques the much publicised document released in September: "Better Growth, Better Climate: The New Climate Economy Report" . This report, in which Lord Nicholas Stern was a leading author, is the elite perspective on climate change - that of the most senior politicians, bankers and financiers. The report is a call for continued growth and, as Spash shows, it is deeply flawed theoretically.
May 23, 2014 Comments Off on Video on the Ponzi scheme of growth
May 14, 2014 Comments Off on From our archives: why interest-free banking matters
Interest-free banking, such as that carried out by the JAK banks in Scandinavia, has been attracting considerable attention lately. But does it really matter whether a bank charges interest or not? After all, every bank has to charge for its services or it won't stay in business. This article by Richard Douthwaite and John Jopling from the second Feasta Review discusses the issue.
May 06, 2014 1 Comment
Apr 14, 2014 Comments Off on Press release: Feasta climate group response to the Working Group 3 contribution to the IPCC’s fifth assessment report
We find the latest IPCC report's emphasis on climate as a "global commons problem" helpful and constructive. However, the economy must break its dependency on GDP growth in order to achieve emissions reduction without economic collapse. Fortunately the potential exists for significant co-benefits from climate mitigation, including poverty alleviation and reduced inequality. Grassroots legal action could help give teeth to the international institutions needed for cooperation.
Mar 24, 2014 1 Comment
In the second part of his interview with Alexander Ac, David Korowicz argues that the large-scale predicament and the emergent socio-economic stresses that we are beginning to experience has very little to with fraud, corruption and the greed of a tiny few. He believes it has a lot to do with our human civilization running into limits.
Mar 17, 2014 3 Comments
Feb 05, 2014 Comments Off on From Our Archives: The Problem with Economic Growth
This article, written by Richard Douthwaite in May 1997, outlines some of the basic ideas that led to the founding of Feasta. It's interesting to note how ahead of his time he was in his criticisms of growth as a measure of progress, many of which are now quite well known. Sadly, the widening inequality he describes and the many problems related to that have only worsened over time.
Jan 15, 2014 5 Comments
The casino metaphor has been widely used as a part-description of the phenomenon of over-financialisation. It's a handy pejorative tag but can it give us any real insights? This article by @GrahamJBarnes pursues the metaphor to extremes so that we can file & forget / get back to the football or possibly graduate to next level thinking.