This new study by David Korowicz explores the implications of a major financial crisis for the supply-chains that feed us, keep production running and maintain our critical infrastructure. He uses a scenario involving the collapse of the Eurozone to show that increasing socio-economic complexity could rapidly spread irretrievable supply-chain failure across the world.
In this week's Fleeing Vesuvius article, Nate Hagens and Kenneth Mulder explain why today’s prices and costs provide a very bad basis for making investment decisions. They reflect temporary relative market scarcities rather than long-run underlying physical ones. The world needs to abandon money as its measure when determining energy and economic policy if it is to invest its scarcest, most limiting resources in the best possible way.
In response to an appeal on this website, two people, Ciaran Mulloy and Ruth Barrett, have volunteered to work together for the next two or three weeks digging out data for a National Welfare Index which will show the extent to which Ireland's national well-being is being affected by government policies. The data will be processed by another Feasta member, Hans Diefenbacher, who has already prepared a similar index for Germany. The results will appear early next year.
We may rail against the regulators, politicians, and others who failed to understand and manage past risks, but we are just as culpable for our failure to engage with severe, well-signposted, imminent ones.
Will open source product design underpin a new type of creative economy in which some things will be available in abundance mostly for free? Theorist Michel Bauwens and the P2P foundation believes so. But is the future he envisages compatible with the ecological limits that humanity is encountering in almost every field?
A day-long conference organised by the Smart Taxes Network and TASC, which will showcase an alternative set of economic policies that aims to recover economic control, staunch the loss of jobs and emigration and create a secure future for young and old in Ireland. Featuring international and national speakers from the cutting edge of progressive and sustainable economic fields.