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Andy Singer | System Is Working / media.cagle.com

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Series | The Need for a New Economic System, Part 4: Neocolonialism And Resource Wars

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Our present economic system produces an endless series of resource-motivated wars. In addition to the enormous suffering, waste, injustice and ecological destruction produced by modern wars, we must recognize that in an era of thermonuclear weapons, war has become prohibitively dangerous. Therefore we need a new economic system.

John Scales Avery, Countercurrents.org

http://evergreenedigest.org/sites/default/files/Coffee%20%26%20Paper%20Graphic.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.

http://ecx.images-amazon.com/images/I/31VZKSO24bL._SX351_BO1,204,203,200_.jpg09 August, 2015 | Hobson's explanation of colonialism

The Industrial Revolution opened up an enormous gap in military strength between the industrialized nations and the rest of the world. Taking advantage of their superior weaponry, Europe, the United States and Japan rapidly carved up the remainder of the world into colonies, which acted as sources of raw materials and food, and as markets for manufactured goods. Between 1800 and 1914, the percentage of the earth under the domination of colonial powers increased to 85 percent, if former colonies are included.

The English economist and Fabian, John Atkinson Hobson (1858-1940), offered a famous explanation of the colonial era in his book "Imperialism: A Study" (1902). According to Hobson, the basic problem that led to colonial expansion was an excessively unequal distribution of incomes in the industrialized countries. The result of this unequal distribution was that neither the rich nor the poor could buy back the total output of their society. The incomes of the poor were insufficient, and rich were too few in number. The rich had finite needs, and tended to reinvest their money. As Hobson pointed out, reinvestment in new factories only made the situation worse by increasing output.

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 3: Climate Change and the Urgent Need for Renewable Energy 

One of the greatest threats to the survival of the human species and the biosphere is catastrophic climate change. 

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. 

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.

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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. 

Full story … 

Related:

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

http://evergreenedigest.org/sites/default/files/New%20Economic%20Perspectives%20banner.jpg

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/default/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. 

Full story … 

Related:

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

http://evergreenedigest.org/sites/default/files/New%20Economic%20Perspectives%20banner.jpg

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

John Scales Avery, Countercurrents.org

http://evergreenedigest.org/sites/default/files/%2522%40%2522%20Logo%20with%2010%20yr%20banner.jpg To stay on top of important articles like these, sign up here to receive the latest updates from all reader supported Evergreene Digest.

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. 

Full story … 

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