"Properly understood, money acts simply as a ‘claim’ on the output of the energy economy and driving up the aggregate of monetary claims only increases the scope for their elimination in a process of value destruction," warns Tim Clarke. He goes on to argue that Ireland is in a particularly vulnerable financial position, which is likely to lead to severe problems in the near future.
"Unusually in history – the wealthy and most privileged will at first tend to be at most risk", writes Brian Davey.
Patrick Noble makes a case for capitalism - assuming that 'capital' is taken to mean 'spiritual, pleasurable and human assets, combined with that which maintains all those things'.
"If key principles are observed or key attitudes developed, many structural problems can work themselves out in practice" writes Anne Ryan in the third post of her Enough is Plenty blog series.
In this paper Deirdre de Búrca, who has been advocating a Green New Deal since 2009, discusses the politics and substance of such a Deal before tackling some of the monetary and financial issues relating to its implementation.
This paper by Anne Ryan makes the case for basic income as a key policy instrument for addressing our problems, and is an introduction to a series of forthcoming blog posts that will include excerpts from, and up-to-date commentary on, her book Enough is Plenty.