I’m just getting around to reading Richard Heinberg’s new book, The End of Growth. This video has been on You Tube for a few months, but I’ve only just seen it (probably something to do with having a nine month-old baby).
Anyway, it makes rather interesting reading as it outlines what many of us have been thinking for a while. Endless growth on a finite planet just ain’t gonna happen. Sooner or later (possibly sooner) we hit a brick wall. The End of Growth is a big, uncomfortable dose of reality (not good for business or re-elections). The book is a real eye-opener.
What is the connection between the banking crisis/credit crunch/oil hitting $148 per barrel in 2008/probable Greek Euro exit/continuing recession/double dip recession? What comes after economic growth?
This five minute video sums it all up neatly. So many ideas that are completely ingrained into our society and culture, and just accepted as ‘normal’. The book is a crash course in economics and energy descent.
In terms of energy descent – a future scenario in which declining energy availability is the defining characteristic – the end of economic growth is a pretty devastating aspect. The inter-relationship of energy and the economy is usually overlooked or at best, taken for granted. Massive and unprecedented use of a one-off bonanza of fossil fuels helped create growth (as well as the annoying side effect of destabilising global climate). The crucial point is we can’t rely on this any longer. The sooner we get our little oil-consuming, growth-obsessed heads around this fact the better!
Politicians are keen to stimulate growth and get back to normal. The end of growth suggests that we have gone beyond that point and need to find a new normal. The important question is, can you visualise a future beyond economic growth? Read it now. Start transitioning!