23 Things They Dont Tell You about Capitalism by Ha-Joon Chang: Review

Oct 16, 2014 No Comments by
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.”
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Critique by Clive Spash of the “Better Growth, Better Climate” report

Oct 07, 2014 No Comments by
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.
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Video on the Ponzi scheme of growth

May 23, 2014 No Comments by

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.…

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From our archives: why interest-free banking matters

May 14, 2014 No Comments by
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.
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Notes from Nowhere: Fit the First

May 06, 2014 1 Comment by
Patrick Noble provides a glimpse of how the future economy could look along with some unusual ideas about how we might get there. Might the transition to a community-focused, renewable-energy-based economy be “less the great revolt and more the return of ordinary lives”?
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Press release: Feasta climate group response to the Working Group 3 contribution to the IPCC’s fifth assessment report

Apr 14, 2014 No Comments by
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.
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Anger & Complicity in a Time of Limits

Mar 24, 2014 1 Comment by
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.
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How to be Trapped

Mar 17, 2014 3 Comments
Our predicament and the tragedy of attempting change is: given time and resource constraints and the reality that we depend upon a de-localized networked system without central control, how do we change the system while ensuring we do not collapse its essential functions? By David Korowicz.
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From Our Archives: The Problem with Economic Growth

Feb 05, 2014 No Comments
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.
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Over-financialisation – the Casino Metaphor

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.
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US Federal Reserve could effectively take the lead…on climate change

Jan 05, 2014 No Comments

It may seem an odd idea, but the incoming chair of the US Federal Reserve, Janet Yellen, could conceivably be the person who manages to overcome the international impasse on climate change action. Mike Sandler explains how in the Huffington Post. Among his list of recommendations is the implementation of Cap and Share.…

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Feasta describes Budget 2013 as another lost opportunity

Oct 15, 2013 No Comments
The debate surrounding the Irish budget was characterised by a false choice between ‘austerity’ or ‘growth’. In fact, neither option is viable. Instead, what is needed is a radical re-structuring of our economy to ensure that we live within ecological limits in a just manner.
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Syria and the Limits to Growth

Sep 06, 2013 No Comments
Why is Syria experiencing so many problems, and why are some Western governments so eager to intervene? Brian Davey argues that Syria’s woes are actually rooted in the ecological crisis.
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