Jack Santa Barbara writes in Fleeing Vesuvius that while New Zealand will inevitably make a transition to a steady-state economy, the onset of energy descent — having less and less energy to use with each passing decade — will push it to do so sooner rather than later. So the critical question is whether the transition to a steady-state economy will be by design or disaster.
Ann Pettifor is depressing reading in her blog ‘Debtonation’. She was right before and sadly, likely to be so again. …We, and many others, expect the banks of all the major OECD economies to collapse over the next few months. This will drag the UK, Eurozone and US down. In other words, and to be [...]