Welcome to European Tribune. It's gone a bit quiet around here these days, but it's still going.
Display:
This silly story wanted to highlight two points:

  1. Irrespective of euro-problems, debt, finance, etc... There is still the biophysical economy to take care off. And the biophysical economy is a bit like gravity: you can ignore it, but it is there. To point, I think most discussions (e.g. here) see to have (temporarily) forgotten about it.

  2. Any successful political project will have to take into account less material wealth in the medium-term future. One way or the other.
by cagatacos on Fri Aug 12th, 2011 at 03:17:39 PM EST
And I would reiterate what I wrote in response to another diarist who advanced a similar contention:

  1. The Serious People have no clue that we're about to hit a raw materials brick wall. They're still living in their Oil E. Coyote bubble.

  2. The policies being pushed at the moment have nothing to do with addressing raw materials scarcity.

  3. The way the contemporary crisis is playing out is starkly reminiscent of the 1930s - a time when there was no pressing raw materials scarcity.

So my conclusions are that:

  1. The two crises - the raw materials crisis and the feckless neoliberal brain rot crisis - simply happened to coincide.

  2. At the level of policy proposals, the solutions to the two crises have next to nothing to do with each other. The neoliberal brain rot can be solved by a thorough application of Ye Olde Keynesian Fiscal Policy. The raw materials crisis is less well charted waters (and also out of my pay grade).

  3. At the level of politics, the crises are connected, because one is caused and the other exacerbated by neoliberal brain rot. So putting the neoliberal zombie economics out of our misery is a necessary prerequisite for solving both crises.

- Jake

Friends come and go. Enemies accumulate.
by JakeS (JangoSierra 'at' gmail 'dot' com) on Fri Aug 12th, 2011 at 03:37:45 PM EST
[ Parent ]
Actually neo-liberal policies might "solve" the resources issue: If you send vast swathes of the population to misery, starvation, unemployment then you "solve" the resources problem. Unfortunately I am only half-joking: It seems that that is the current way.

I agree with your view save one thing:


The raw materials crisis is less well charted waters (and also out of my pay grade).

It cannot be above your pay-grade. I think that there is a relative analytical agreement on the situation, therefore we need to start charting the waters (even if with rough maps). We need to discuss the politics of scarcity, the economics of scarcity, the community organizing, the individual responses. How to deal with family, neighbours, communities that are in denial. How to tie the financial crisis with the resource crisis... And start acting.

The way things are going none of us will be able to avoid these issues: they will knock on your door.

by cagatacos on Fri Aug 12th, 2011 at 03:55:02 PM EST
[ Parent ]
Actually neo-liberal policies might "solve" the resources issue: If you send vast swathes of the population to misery, starvation, unemployment then you "solve" the resources problem. Unfortunately I am only half-joking: It seems that that is the current way.

Indeed.

I normally file that "solution" under the heading "cures that are worse than the disease."

- Jake

Friends come and go. Enemies accumulate.

by JakeS (JangoSierra 'at' gmail 'dot' com) on Fri Aug 12th, 2011 at 04:00:56 PM EST
[ Parent ]

Display:

Occasional Series