"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.
This critique of departments of (mainstream) economics that promote growth in an ecological crisis was recently sent by Brian Davey to ten academics and guest lecturers at the University of Nottingham, including the head of the school.
It may well be necessary to make some very quick decisions about debt forgiveness in Ireland (and several other EU countries) in the aftermath of a no-deal Brexit. Brian Davey's 2015 article from Credo provides concrete suggestions for achieving widespread debt forgiveness without crashing the economy, and is more relevant than ever now.
A recent article in the Ecologist magazine by Laura Bannister and Paul Harnett advocates capping carbon on a global basis and distributing the proceeds from the sale of fossil fuel permits. This approach is along the same lines as the Feasta climate group’s CapGlobalCarbon initiative. The article also contains other useful analyses and links: https://theecologist.org/2019/aug/06/basic-income-and-global-commons…
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.
"Minerals and gases are either a part of a tendency for life, or of a tendency for lifelessness. My husbandry can swing the balance one way or the other. Humanity as a whole is choosing to swing the balance towards a lifeless planet," writes Patrick Noble.