Whoever the next president turns out to be, her or his term in office will likely coincide with another financial crash, which could well turn out to be much worse than the 2008 debacle. Social pressures from rising inequality and dashed expectations will build to explosive levels. And climate impacts may well take forms that even a Donald Trump cannot ignore. Altogether, the next eight years are unlikely to be as safely corked and bottled as the last. They say crisis is opportunity. We may be facing more opportunities than we know what to do with; may we seize them skillfully!
So the real trade-off, the real choice we face, is not between climate protection on one hand and economic growth on the other. It’s between planned economic contraction (with government managing the post-carbon transition through infrastructure investment and useful make-work programs) as a possible but unlikely strategy, and unplanned, unmanaged economic and environmental collapse as our default scenario.
Shocking Study: Suicide Overtakes Car Accidents As The Leading Cause Of Death–Is It The Economy?, By Kathleen Geier
An extremely disturbing new study published in the American Journal of Public Health finds that suicides have replaced car accidents as the leading cause of injury-related death in the U.S. This is partly because deaths from automobile accidents are down — that’s the good news.
The decision to embark on this rite of passage won’t be an easy one. Most people in the developed world have no interest in changing anything about their lives or their worldviews, and are often oblivious that anything’s amiss to begin with. They’re not remotely interested in asking the hard questions that might shed light on a path forward. Even those of us who are open to the rite struggle to take that first step. We’re scared. I’m scared. But we can’t allow this fear to rule our lives, to constrain our lives. A rite of passage isn’t supposed to be easy, it’s supposed to introduce us to our edges and the void that lies beyond. I can’t pretend to know precisely what each of these stages of our impending rite of passage will look like, how people in different regions will muddle through, but I trust it’ll be powerful, enlightening and, at the very least, interesting. Perhaps more interesting than we’d prefer. But then we live in interesting times, so go figure.
Heinberg believes our decades-long era of growth was based on aberrant set of conditions- namely cheap oil, but also cheap minerals, cheap food, etc- and that looking ahead, we need to prepare for a “new normal”
If you are able to move quickly as conditions change, this flexibility has its advantages. Losing your job is probably the biggest risk right now. Think about how you might deal with the situation. Also, we don’t know how things will change in the future. One area may be affected by a lack of water; another by an electrical system that no longer works, and can’t be repaired in any reasonable time frame, perhaps after a storm. If you are not too tied to where you are, you can make better decisions regarding changes.
A huge share of the nation’s economic growth over the past 30 years has gone to the top one-hundredth of one percent, who now make an average of $27 million per household. The average income for the bottom 90 percent of us? $31,244.
We are a nation on the edge of a nervous breakdown. We consume two-thirds of the world’s anti-depressants as we battle for position in the economy. Why not just declare a cease-fire with the Joneses we’ve been trying to keep up with? We’ve bought into the notion that if we’re not wealthy, we’re not good enough, which creates horrible stress and anxiety. Why not become citizens again, creating employee-owned businesses and member-owned credit unions that can reduce both killer stress and unnecessary expenses? (Credit unions save $8 billion a year in interest on loans because they are non-profit) Why not invest in community bonds, portfolios and banks and make living returns on our investments?