The last ASPO conference | 19 comments (19 topical, 0 editorial, 0 hidden)

Re: The last ASPO conference (4.00 / 5)

Energy consumption is declining to levels of 15 or 20 years back, with most mechanisms once put in place for the energy transition being rolled back one after the other.

Which is why monetary austerity as a response to resource scarcity is wrong, wrong, wrong.

The business-as-usual crowd is using austerity as an excuse to ensure that the transition away from fossil fuels will never happen, at least in these "peripheral" countries.

guaranteed to evoke a violent reaction from police is to challenge their right to "define the situation." --- David Graeber citing Marc Cooper

by Migeru (migeru at eurotrib dot com) on Tue Jun 5th, 2012 at 06:01:03 AM EST

Re: The last ASPO conference (none / 0)

Which is why monetary austerity as a response to resource scarcity is wrong, wrong, wrong.

That much we know. But blind "Keynesian" expansion may not be much of a fix either.

luis_de_sousa@mastodon.social

by Luis de Sousa (luis[dot]de[dot]sousa[at]protonmail[dot]ch) on Tue Jun 5th, 2012 at 04:16:00 PM EST
[ Parent ]

Re: The last ASPO conference (4.00 / 3)

No, but the only way to continue the transition is by "Keynesianly" funding it, given that the market won't provide and "austerian" government will roll back past gains.

guaranteed to evoke a violent reaction from police is to challenge their right to "define the situation." --- David Graeber citing Marc Cooper

by Migeru (migeru at eurotrib dot com) on Tue Jun 5th, 2012 at 04:22:48 PM EST
[ Parent ]

Re: The last ASPO conference (4.00 / 3)

Crass Keynesianism won't hurt, though.

First, do no harm.

- Jake

Friends come and go. Enemies accumulate.

by JakeS (JangoSierra 'at' gmail 'dot' com) on Wed Jun 6th, 2012 at 05:59:35 AM EST
[ Parent ]

Re: The last ASPO conference (4.00 / 2)

Blind "Keynesian" expansion is, of course, not actually Keynesian in a General Theory sense. If there is idle Labor and idle productive equipment and natural resources are under constraint, then obviously the Keynesian spending should be targeted to investments that increase efficiency of natural resource use.

I've been accused of being a Marxist, yet while Harpo's my favourite, it's Groucho I'm always quoting. Odd, that.

by BruceMcF (agila61 at netscape dot net) on Wed Jun 6th, 2012 at 05:47:55 PM EST
[ Parent ]

Re: The last ASPO conference (none / 1)

Precisely what I think. Keynes is many times used to justify things with which he'd never agree.

luis_de_sousa@mastodon.social

by Luis de Sousa (luis[dot]de[dot]sousa[at]protonmail[dot]ch) on Thu Jun 7th, 2012 at 06:10:51 AM EST
[ Parent ]

Re: The last ASPO conference (4.00 / 3)

Keynes in three words: "Employment is paramount".

We have an anti-employment economic policy establishment.

If you are not convinced, try it on someone who has not been entirely debauched by economics. — Piero Sraffa

by Migeru (migeru at eurotrib dot com) on Thu Jun 7th, 2012 at 06:16:35 AM EST
[ Parent ]

The last ASPO conference | 19 comments (19 topical, 0 editorial, 0 hidden)

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