Archive for the tag “resource consumption”

Our economic growth system is reaching limits in a strange way

Gail Tverberg writes: We are experiencing a world economy that seems to be reaching limits, but the symptoms are not what peak oil groups warned about. Instead of high prices and lack of supply, we are facing indirect problems brought on by our high consumption of energy products. I have called it a double pump problem.

Gail Tverberg

Economic growth never seems to be as high as those making forecasts would like it to be. This is a record of recent forecasts by the International Monetary Fund:

Figure 1. World GDP Forecasts by the International Monetary Fund.

Figure 1. World GDP Forecasts by the International Monetary Fund.

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Economic growth: How it works; how it fails; why wealth disparity occurs

Gail Tverberg writes: Economists have put together models of how an economy works, but these models were developed years ago, when the world economy was far from limits. These models may have been reasonably adequate when they were developed, but there is increasing evidence that they don’t work in an economy that is reaching limits.

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Towards Energy Democracy: A Vision Statement

Unlimited growth and consumerist culture is incompatible with a finite world. We call for an urgent paradigm shift, from the currently dominant model of consumption-led development, to creating frameworks of human and ecological well being. This transition should be defined by the principles of sustainability, equity, and justice. (Adopted at the Bijli Vikalp Sangam, Bodh Gaya)

Vikalp Sangam
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