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Series | The Need for a New Economic System, Part 3: Climate Change and the Urgent Need for Renewable Energy

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In the future, the only way that we can avoid economic collapse is to build a steady-state economy. There exists much literature on how this can be achieved, and these writings ought to become a part of the education of all economists and politicians.

John Scales Avery, Countercurrents.org

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http://ecx.images-amazon.com/images/I/31VZKSO24bL._SX351_BO1,204,203,200_.jpg 05 August, 2015 | One of the greatest threats to the survival of the human species and the biosphere is catastrophic climate change. Scientists warn that if the transition to renewable energy does not happen within very few decades, there is a danger that we will reach a tipping point beyond which feedback loops, such as the albedo effect and the methane hydrate feedback loop, will take over and produce an out-of-control and fatal increase in global temperature.

In 2012, the World Bank issued a report warning that without quick action to curb CO2 emissions, global warming is likely to reach 4 degrees C during the 21st century. This is dangerously close to the temperature which initiated the Permian-Triassic extinction event: 6 degrees C above normal. During the Permian-Triassic extinction event, which occurred 252 million years ago, 96% of all marine species were wiped out, as well as 70% of all terrestrial vertebrates.

John Scales Avery is a theoretical chemist noted for his research publications in quantum chemistry, thermodynamics, evolution, and history of science. Since the early 1990s, Avery has been an active World peace activist. 

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Series | The Need for a New Economic System, Part 2: Entropy and Economics 

We urgently need to shift quickly from fossil fuels to renewable energy if we are to avoid a tipping point after which human efforts to avoid catastrophic climate change will be futile because feedback loops will have taken over. 

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Series | The Need for a New Economic System, Part 1: Limits to Economic Growth

It is obvious that on a finite Earth, neither population growth nor economic growth can continue indefinitely.

Section(s): 

Series | The Need for a New Economic System, Part 2: Entropy and Economics

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In the future, the only way that we can avoid economic collapse is to build a steady-state economy. There exists much literature on how this can be achieved, and these writings ought to become a part of the education of all economists and politicians.

John Scales Avery, Countercurrents.org

http://evergreenedigest.org/sites/evergreenedigest.org/files/Cuppa%20Java-lg%20with%2010%20yr%20banner.jpg Journalism with real independence and integrity is a rare thing. All reader supported Evergreene Digest relies - exclusively!- on reader donations. Click on the donation button above to make a contribution and support our work.

 

31VZKSO24bL._SX351_BO1,204,203,200_.jpghttp://ecx.images-amazon.com/images/I/31VZKSO24bL._SX351_BO1,204,203,200... 27 July, 2015 | Part 1 of this series of articles documented the world's urgent need for a reformed economic system. Here are a few more links that underline the pressing need for change.

 

We urgently need to shift quickly from fossil fuels to renewable energy if we are to avoid a tipping point after which human efforts to avoid catastrophic climate change will be futile because feedback loops will have taken over. The dangerous methane hydrate feedback loop is discussed in an excellent short video made by Thom Hartmann and the Leonardo DiCaprio Foundation.

Celebrated author and activist Naomi Klein has emphasized the link between need for economic reform and our urgent duty to address climate change.

Rebel economist Prof. Tim Jackson discusses the ways in which our present economic system has failed us, and the specific reforms that are needed. In one of his publications, he says: “The myth of growth has failed us. It has failed the two billion people who still live on $2 a day. It has failed the fragile ecological systems on which we depend for survival. It has failed, spectacularly, in its own terms, to provide economic stability and secure people's livelihood.”

John Scales Avery is a theoretical chemist noted for his research publications in quantum chemistry, thermodynamics, evolution, and history of science. Since the early 1990s, Avery has been an active World peace activist. 

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Series | The Need for a New Economic System, Part 1: Limits to Economic Growth

It is obvious that on a finite Earth, neither population growth nor economic growth can continue indefinitely.

Section(s): 

Series | The Need for a New Economic System, Part 1: Limits to Economic Growth

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It is obvious that on a finite Earth, neither population growth nor economic growth can continue indefinitely.

John Scales Avery, Countercurrents.org

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http://ecx.images-amazon.com/images/I/31VZKSO24bL._SX351_BO1,204,203,200_.jpgJuly, 2015 | The Industrial Revolution marked the start of massive human use of fossil fuels. The stored energy from several hundred million years of plant growth began to be used at roughly a million times the rate at which it had been formed. The effect on human society was like that of a narcotic. There was a euphoric (and totally unsustainable) surge of growth of both population and industrial production. Meanwhile, the carbon released into the atmosphere from the burning of fossil fuels began to duplicate the conditions which led to the 5 geologically-observed mass extinctions, during each of which more than half of all living species disappeared forever.

Economists (with a few notable exceptions) have long behaved as though growth were synonymous with economic health. If the gross national product of a country increases steadily by 4% per year, most economists express approval and say that the economy is healthy. If the economy could be made to grow still faster (they maintain), it would be still more healthy. If the growth rate should fall, economic illness would be diagnosed.

John Scales Avery is a theoretical chemist noted for his research publications in quantum chemistry, thermodynamics, evolution, and history of science. Since the early 1990s, Avery has been an active World peace activist. 

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Another Damning Phony Jobs Report

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  • The monthly payroll jobs reports have become a bad joke.
  • Tally beats expectations but major gains were in low wage industries such as restaurants and retail as unemployment rate holds steady at 4.9%.
  • Part 1: Paychecks Shrink Even as U.S. Economy Adds Jobs
  • Part 2: Another Phony Jobs Report

Compiled by David Culver, Ed., Evergreene Digest


 

http://evergreenedigest.org/sites/evergreenedigest.org/files/End%20Corporate%20Greed%20Occupy.jpgPart 1: Paychecks Shrink Even as U.S. Economy Adds Jobs

Tally beats expectations but major gains were in low wage industries such as restaurants and retail as unemployment rate holds steady at 4.9%.

Alexander Reed Kelly, Truthdig

 

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Mar 7, 2016 | The U.S. economy added 242,000 jobs in February—but the major gains were in low-wage industries, and average hourly earnings dropped 3 cents. And unemployment rates remained far higher for minorities than for whites.

The Guardian reports:

US businesses have now added 14.3m jobs over six straight years. The unemployment rate is half what it was at the height of the recession. In January the Labor Department announced the economy had added a disappointing 151,000 new jobs. December and January’s reports have now been revised with the Labor Department adding 30,000 jobs for the two months. …

Alexander Reed Kelly, Assistant Editor, Truthdig

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Part 2: Another Phony Jobs Report

 

And if true it is damning.

Paul Craig Roberts, Institute for Political Economy

Submitted by Evergreene Digest Contributing Editor John Stoltenberg.

March 4, 2016 | The monthly payroll jobs reports have become a bad joke.

No growth in real retail sales, but 55,000 retail trade new jobs in February.

No growth in real consumer income, but 40,000 more waitresses and bartenders.

86,000 new jobs in Education, health services, and social assistance. February is a strange month to be hiring new teachers. If February brought a quarter million new jobs, how come a big hike in social assistance jobs?

Manufacturing lost 16,000 jobs.

Paul Craig Roberts was Assistant Secretary of the Treasury for Economic Policy and associate editor of the Wall Street Journal. He was columnist for Business Week, Scripps Howard News Service, and Creators Syndicate. 

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Section(s): 

Why wealthy Americans’ delusions about the poor are so dangerous

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  • Regressive state and local tax policies don’t just harm the working class -- they can ruin entire economies.
  • The False Debate on Homelessness
  • Here’s 6 Common Welfare Myths We All Need to Stop Believing

David Sirota, Salon

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Friday, Jan 23, 2015 |  American politics are dominated by those with money. As such, America’s tax debate is dominated by voices that insist the rich are unduly persecuted by high taxes and that low-income folks are living the high life. Indeed, a new survey by the Pew Research Center recently found that the most financially secure Americans believe “poor people today have it easy.”

The rich are certainly entitled to their own opinions — but, as the old saying goes, nobody is entitled to their own facts. With that in mind, here’s a set of tax facts that’s worth considering: Middle- and low-income Americans are facing far higher state and local tax rates than the wealthy. In all, a comprehensive analysis by the nonpartisan Institute on Taxation and Economic Policy finds that the poorest 20 percent of households pay on average more than twice the effective state and local tax rate (10.9 percent) as the richest 1 percent of taxpayers (5.4 percent).

David Sirota is a senior writer for the International Business Times and the best-selling author of the books "Hostile Takeover," "The Uprising" and "Back to Our Future." 

Full story … 

Related:

The False Debate on Homelessness, Amien Essif, Jacobin

  • Homelessness is the natural result of a system that makes some fantastically wealthy and others desperately poor.
  • John Steppling | Hollywood, the Police and the Poor

 

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Here’s 6 Common Welfare Myths We All Need to Stop Believing, Tom Cahill, U. S. Uncut <http://usuncut.com>

  • Debunked.
  • Why wealthy Americans’ delusions about the poor are so dangerous

Special Report | American Capitalism Has Failed Us

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  • We're Overworked, Underemployed and More Powerless Than Ever Before
  • Denmark, Norway and Sweden are all thriving under democratic socialism.
  • Why is it so difficult for us to embrace?

Ann Jones, Tom Dispatch / AlterNet

http://www.alternet.org/files/styles/story_image/public/story_images/capitalism.png Photo Credit: Shutterstock.com

February 7, 2016 | Some years ago, I faced up to the futility of reporting true things about America’s disastrous wars and so I left Afghanistan for another remote mountainous country far away. It was the polar opposite of Afghanistan: a peaceful, prosperous land where nearly everybody seemed to enjoy a good life, on the job and in the family.

It’s true that they didn’t work much, not by American standards anyway. In the U.S., full-time salaried workers supposedly laboring 40 hours a week actually average 49, with almost 20% clocking more than 60. These people, on the other hand, workedonly about 37 hours a week, when they weren’t away on long paid vacations. At the end of the work day, about four in the afternoon (perhaps three in the summer), they had time to enjoy a hike in the forest or a swim with the kids or a beer with friends — which helps explain why, unlike so many Americans, they are pleased with their jobs.

Ann Jones is a journalist, photographer (Getty Images), and the author of eight books of nonfiction, most recently, They Were Soldiers: How the Wounded Return from America's Wars—The Untold Story. She writes regularly for the Nation and TomDispatch.com.

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http://evergreenedigest.org/sites/evergreenedigest.org/files/Money%20Pie.jpgThe game is completely rigged; The 1 percent has more than ever, Simon Reid-Henry, Salon

 

 

Section(s): 

Special Report | What Do Our Wealthiest Deserve?

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Our world’s billionaires don’t merit either their billions, the economist Didier Jacobs suggests, or the right to claim we’re all living in a ‘meritocracy.’

Sam Pizzigati, Too Much 

Submitted by Evergreene Digest Contributing Editor Jim Fuller

http://toomuchonline.org/wp-content/uploads/2016/01/Didier-Jacobs-2015c1.png?47c430 Debunk the meritocracy defense of extreme inequality on its own terms, says Oxfam economist Didier Jacobs, and the flacks for grand fortune will have nothing left that the American public finds appealing.

January 30, 2016 | Defenders of our deeply unequal global economic order had to put in a bit of overtime last month. They had to explain away the latest evidence — from the global charity Oxfam — on how concentrated our world’s wealth has become. A challenging task.

Back in 2010, Oxfam’s new stats show, the world’s 62 richest billionaires collectively held $1.1 trillion in wealth, far less than the $2.6 trillion that then belonged to humanity’s least affluent half.

Sam Pizzigati, editor, Too Much, a commentary on excess and inequality.

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Bernie Sanders Voted For The Act That Helped Crash The Economy, Shaun Mullen, Crooks and Liars

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  • There it is in black and white, or rather red and blue: Sanders’ vote in the House on the very legislation that greased the skids for banks and other financial institutions to run roughshod without any messy government oversight.
  • Special Project | I'm Not Ready for Bernie Sanders: Week Ending October 24, 2015

 

Section(s): 

Bernie Sanders Voted For The Act That Helped Crash The Economy.

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  • There it is in black and white, or rather red and blue: Sanders’ vote in the House on the very legislation that greased the skids for banks and other financial institutions to run roughshod without any messy government oversight.
  • Special Project | I'm Not Ready for Bernie Sanders: Week Ending October 24, 2015

Shaun Mullen, Crooks and Liars

Thanks to Evergreene Digest reader/contributor Dorothy Reilly  for this contribution. 

http://crooksandliars.com/files/imagecache/node_primary/primary_image/15/12/bernie-sanders-portrait-campaign-donkeyhotey.jpg Credit: DonkeyHotey  

12/16/15 | Now we know why Bernie Sanders is so anxious to change the subject to Glass-Steagall when the Wall Street Crash of 2008 comes up. It turn out Mr. Independent Progressive (or is it Progressive Independent?) voted for the 2000 legislation that deregulated derivatives, credit default swaps and other exotic financial instruments that tanked the economy eight years later.

Let’s assume that Sanders never read the background report on the Commodity Futures Modernization Act of 2000. (Yeah, like Hillary Clinton never read the background report on the resolution in support of Dubya’s invasion of Iraq, something that Sanders has repeatedly pounded her on.)

Shaun Mullen writes for Crooks and Liars, a politically left blog focusing on political events and the news coverage of them.

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Special Project | I'm Not Ready for Bernie Sanders: Week Ending October 24, 2015, Compiled by David Culver , Ed., Evergreene Digest.

 

  • Bernie Sanders exposed! A shocking look at his views on issues other than class struggle!
  • 9 New items including:
    • Bernie Blew It: He Sold Out Instead of Confronting Clinton
    • Bernie Sanders' Elephant in the Room
    • A socialist FAQ on Bernie Sanders and the left
    • The problem with Bernie Sanders
    • Bernie Sanders, Gun Nut
    • Bernie Sanders must show he takes race as seriously as class struggle
    • Chris Hedges | Bernie Sanders 'Cut A Faustian Bargain' with Democrats
    • The Sanders Trap
    • Bernie Sanders exposed! A shocking look at his views on rape and violence against women

 

 

 

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