‘Responsible capitalism’ is nonsense – the left must offer a real alternative

“The fact is that the leaders of erstwhile socialist parties have been talking the talk of responsible capitalism for a very long time. It was how they covered their tracks as they retreated from offering people a way out of the rat race of capitalism – rather than compensation for being losers in it – even in the postwar era. Those who imagine that the progressive reforms achieved in that era stand as proof today that a responsible capitalism is possible are sorely mistaken. On the contrary, the undoing of those reforms after just a few decades shows that a responsible capitalism is indeed a contradiction in terms.”

Source: www.theguardian.com

Must-read article in the Guardian for anyone interested in the question why the Left is powerless and why it lacks a real alternative narrative.

See on Scoop.itThe Great Transition

New report raises concern about electricity and water

Water is used around the world for the production of electricity, but new research results show that there will not be enough water in the world to meet demand by 2040 if the energy and power situation does not improve before then.

Source: bss.au.dk

"Two new reports that focus on the global electricity water nexus have just been published. Three years of research show that by the year 2040 there will not be enough water in the world to quench the thirst of the world population and keep the current energy and power solutions going if we continue doing what we are doing today. It is a clash of competing necessities, between drinking water and energy demand."

See on Scoop.itThe Great Transition

What Piketty Forgot: The Crisis of Capitalism Isn’t Just about Inequality

“Piketty is right that our political economy favors the growth of inequality, and that inequality in turn poisons our politics. But while we should aspire to create a society that shares its prosperity, we need to address a much bigger gap than the one between rich and poor. We need to address the gap between what’s demanded by our planet and what’s demanded by our economy..”

Source: www.commondreams.org

Interesting review of Piketty’s book from the perspective of ‘limits to growth’. The challenge is to combine economic policies which respect  the planetary limits but at the same time set social limits to inequality.

See on Scoop.itThe Great Transition

How the Commission ‘blocked’ key environmental plans

EXCLUSIVE / Plans to crack down on endocrine disruptors and illegal timber being imported into the EU, were buried by the outgoing President of the European Commission, José Manuel Barroso, and his secretary-general Catherine Day, according to a senior EU source.

Source: www.euractiv.com

No surprise in this good article – Barroso and Day have never understood the importance of the environment for the economy.

See on Scoop.itThe Great Transition

GE Is Avoiding Hard Choices About Ecomagination

“Every company and country is going to face some really hard choices very soon, and we’ll need to ask a core question: Will we turn to the future and put all we’ve got into building the clean economy? Or will we try to have it both ways?”

Source: blogs.hbr.org

Great article by Andrew Winston on GE’s ecomagination campaign supporting ‘better’ technological solutions for fracking or Canadian oil sands production. What ecomagination lacks is the commitment to imagine getting rid of fossil fuels altogether by changing our way of life.  

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The Circular Economy meets The Access Economy

What would we be capable of if we combined the existing strength of the Circular Economy with the emerging juggernaut of the Access Economy?

Source: www.resilience.org

Good article by Sharon Ede on the Resilience web site. One of the dimensions in the debate missing also is this article is the social implications of the sharing economy on traditional work arrangements. If thousands of taxi drivers or hotel workers lose their jobs, is that green progress? Is this the Achilles heel of the sharing economy?

See on Scoop.itThe Great Transition

Resource Insights: Why doesn’t the ‘long emergency’ feel like an emergency?

It seemed as if the public might let go of this fossil-fueled fantasy after 2008. But because of the extraordinary financial measures deployed in an attempt to return us to business-as-usual, the global economic and financial system has been revived just enough to allow us to engage in a few more years of fantasizing–until our cumulative debts to nature and to one another catch up with us.

Source: resourceinsights.blogspot.be

Great article by Kurt Cobb on how our elites are ruining our childrens’ futures in order to keep up our eternal economic growth fantasies.

See on Scoop.itThe Great Transition

New Report: The Cost of Delaying Action to Stem Climate Change

The Council of Economic Advisers released a report that examines the economic consequences of delaying implementing policies to reduce the pace and ultimate magnitude of these changes; the findings emphasize the need for policy action today.

Source: www.whitehouse.gov

This new White House report provides more evidence of detrimental impact of non-action, but still very little of policy action is likely to happen. Every decade of non-action adds 40% more to the bill later. Poor future generations !

See on Scoop.itThe Great Transition

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