Transition Brockville archive

Tag : Economic disruption (86)

Credit crunch could make 2008 look like ‘child’s play’

The Guardian / Martin Farrer / 20 March 2020

A worldwide credit crunch triggered by the coronavirus will set in motion a wave of corporate bankruptcies that will make the global financial crisis look like “child’s play”, investors have warned.

With the world’s most advanced economies all entering a shutdown that could last months, companies that have gorged on cheap money for the past decade face going out of business thanks to a huge spike in borrowing costs on international money markets.

The sudden loss of revenue faced by airlines, tourism-related businesses and carmakers make them extremely vulnerable, ratings agencies have said, with parts of the energy sector also at risk.

[ FULL ARTICLE ]

Nate Hagens on the coronavirus and the economy

Post Carbon Institute / 17 March 2020

PCI Executive Director Asher Miller speaks with Nate Hagens on the near- and long-term implications of COVID-19 on the financial system, energy, and the overall economy. This was recorded on March 16, 2020.

Staving off the coming global collapse

Post Carbon Institute / William Rees / 24 July 2017

‘Overshoot’ is when a species uses resources faster than can be replenished. We’re already there. And show no signs of changing.

Humans have a virtually unlimited capacity for self-delusion, even when self-preservation is at stake.

The scariest example is the simplistic, growth-oriented, market-based economic thinking that is all but running the world today. Prevailing neoliberal economic models make no useful reference to the dynamics of the ecosystems or social systems with which the economy interacts in the real world.

What truly intelligent species would attempt to fly spaceship Earth, with all its mind-boggling complexity, using the conceptual equivalent of a 1955 Volkswagen Beetle driver’s manual?

[ FULL ARTICLE ]

Alberta’s problem isn’t pipelines; it’s bad policy decisions

The Tyee / Andrew Nikiforuk / 23 November 2018

The Alberta government has known for more than a decade that its oilsands policies were setting the stage for today’s price crisis.

Which makes it hard to take the current government seriously when it tries to blame everyone from environmentalists to other provinces for what is a self-inflicted economic problem.

In 2007, a government report warned that prices for oilsands bitumen could eventually fall so low that the government’s royalty revenues — critical for its budget — would be at risk.

The province should encourage companies to add value to the bitumen by upgrading and refining it into gasoline or diesel to avoid the coming price plunge, the report said.

[ FULL ARTICLE ]

The issues we face as grass roots Movements for Change

Transition Network / Naresh Giangrande / 22 October 2018

From my time working with Transition groups all around the world, I have seen these issues present in just about every Transition group. They lead me to ask whether we are working in the right way, or whether we are asking the right questions, or working in a way that will ultimately produce change, or whether the structure of the Industrial Growth System somehow prevents fundamental systemic change. Here are some of the main stumbling blocks.

[ FULL ARTICLE ]

Changemakers: Embracing hope, taking action …

New Society Publishers

With every news report, the world seems to be careening off the rails. It’s all too easy to slip into despair waiting for co-opted, self-serving governments to act.

The antidote to fear and despair is hope and action. We each hold the power to make personal changes that can drive local changes and cascade into large-scale social transformation.

This is the guidebook for ordinary people who want to create a new society now. The first section explores the idea of transformative change — what it is, what difference it makes, and how it is connected to learning.

The second section explores powerful new stories of everyday people who have challenged traditional understandings of food, shelter, energy, transportation, waste, and economics, and transformed aspects of their lives, their communities, and wider society.

[ FULL ARTICLE ]

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The Transition Framework

Transition Towns are in the forefront of those preparing for the changes ahead. Transitioners understand that the climate-changed future is hugely unpredictable and unstable. They feel keenly the dilemma of our daily life dependence on a dominant economic system that is threatening that very life with its insistence on unending material consumption and use of fossil fuels.

— Transition Town Peterborough
TB Projects

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