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.  

See on Scoop.itThe Great Transition

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

The Military Battles Climate Change

“While Republicans are mobilizing to push back against President Obama’s carbon initiatives, those in military sector are sounding the alarm about climate change–and the slew of issues that it has the potential to precipitate.”

Source: www.huffingtonpost.com

good summary of the recent report "The accelerating risks of climate change"

See on Scoop.itThe Great Transition

Germany, UK and Poland top ‘dirty 30’ list of EU coal-fired power stations

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Environmental study highlights health effects from pollution, with Germany coming top, and the UK third in total coal consumption

Source: www.theguardian.com

Three coal leaders are also the ones doing well on the economy. So being ecologically irresponsible pays off. The economic and political power of these countries in the EU also means we can forget about a smart social-ecological transition. 

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