“…better comes from less, not more. A better future for our children comes not from greater affluence, but less, and the preservation of resources for the future. A better life for us in the present involves fewer hours of work, and thus, more freedom – and fewer possessions and less affluence.”
Want to read about a vision of a better future? You should. Read it from one of the best writers – Sharon Astyk: http://sharonastyk.com/2009/09/22/dreaming-a-life/
Filed under Economy, New World Planning
In August, the International Energy Agency (IEA) issued an astounding report:
“In its first-ever assessment of the world’s major oil fields, the IEA concluded that the global energy system was at a crossroads and that consumption of oil was ‘patently unsustainable’, with expected demand far outstripping supply.
Oil production has already peaked in non-Opec countries and the era of cheap oil has come to an end, it warned. Continue reading
Filed under Economy, New World Planning, Peak Oil
Consumerism accounts for at least 2/3rds of the U.S. economy. For our economy to bounce back then, we need for that 2/3rds to return to previous levels of spending. And then obviously for the economy to grow, spending among that 2/3rds needs to increase.
Is it just me: how on earth is this going to happen? How will we ever return to previous levels of spending let alone grow it? Continue reading
Some interesting takes on the economic situation – hey you can get “good” news anywhere – but reality, that’s here:
Business Week: Get ready to take a pay cut:http://www.businessweek.com/investor/content/aug2009/pi20090826_759117.htm
CNBC – Tsunami of Home Foreclosures to Hit US: http://www.cnbc.com/id/32549123
As California goes, so the rest of U.S.?: Even higher taxes coming for Californians http://www.latimes.com/news/local/la-me-taxes27-2009aug27,0,1796963.story
Britian is sleepwalking towards a decade of economic misery:http://www.telegraph.co.uk/finance/comment/liamhalligan/6089679/Britain-is-sleepwalking-towards-a-decade-of-economic-misery.html
“In the Tank Forever”: U.S. Consumers, Retailers in a “Death Spiral”:http://finance.yahoo.com/techticker/article/312114/%E2%80%9CIn-the-Tank-Forever%E2%80%9D:-U.S.-Consumers,-Retailers-in-a-
Filed under Economy
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