EEA: Production and consumption systems need fundamental rethink

Production and consumption systems in the European Union have large, global impacts on the environment. More sustainable ways of satisfying our needs are emerging, but they need more support, according to a new assessment.

Source: www.eea.europa.eu

The European Environment Agency admits we have to live within the limits of the planet, but still  clings to the growth ideology. Thinking beyond growth is clearly too fundamental.

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The Great Transition

This time, with sustainability, it is going to be different. Why is that so? Sustainability implies an economic regime that stays safely within the limits of a finite planet, subjugating the profit principle to the well-being of natural ecosystems. This is, for the first time, an absolute boundary on economic activities and the most wanted innovation would then be an answer to the question of what vision we have for the economy of a sustainability society.

Source: www.andrereichel.de

Excellent must-read essay by Dr. Reichel on the need to change business models and organisational forms for a post-growth society.

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Eurozone stagnation is a greater threat than debt

It would be wrong to think last week’s global market gyrations signal a return of the eurozone debt crisis. Sovereign bond spreads in the eurozone did not move by much, except in Greece. What happened last week is something rather different.

Source: www.ft.com

Interesting that the ‘secular stagnation’ narrative is convincing more economists and pundits. How long before they will recognise that we have entered the post-growth era?

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As cracks in its economy widen, is Germany’s miracle about to fade?

Philip Oltermann: As the markets tumbled last week, Germany, hailed only months ago for its resilience in the European crisis, came under fresh scrutiny. What lies ahead for the European powerhouse?

Source: www.theguardian.com

How Merkel’s austerity obsession will kill the German and European economy.

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This new study explains why fracking won’t solve the climate crisis.

that natural gas is essentially useless as a climate solution unless it is buttressed by new policies that discourage carbon pollution and promote investment in renewable energy.

Source: www.motherjones.com

Summary of a new study in Nature on the fracking ‘revolution’ and its use to help tackle climate change.

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The Age of Vulnerability

Regardless of how fast GDP grows, an economic system that fails to deliver gains for most of its citizens, and in which a rising share of the population faces increasing insecurity, is, in a fundamental sense, a failed economic system. And policies, like austerity, that increase insecurity and lead to lower incomes and standards of living for large proportions of the population are, in a fundamental sense, flawed policies.

Source: www.project-syndicate.org

Must-read article by Joe Stiglitz

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La légitime récompense de Jean Tirole

Il est juste et légitime que le jury néolibéral de la Banque de Suède honore l’un des plus brillants représentants de l’économie néolibérale, un des plus fervents défenseurs de la logique du marché concurrentiel contre les insupportables interventions étatiques, contre le droit du travail, contre les contraintes bureaucratiques imposées aux grandes entreprises et aux banques, lesquelles financent une bonne partie de ses recherches et de son salaire.

Source: alternatives-economiques.fr

Great analysis by French economist Jean Gadrey of Nobel prize winner Jean Tirole.

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