The Poverty of Environmentalism: II

A while ago, I read a post by Richard Heinberg on resilience.com titled, “You Can’t Handle the Truth,” after the famous line of Jack Nicholson’s character in the movie, “A Few Good Men.” Resilience.com is an excellent source for all sorts of analyses and opinion on the climate crisis, sustainability, and strategies for global-warming mitigation … More The Poverty of Environmentalism: II

The Real Cause of Unemployment: Automated and Outsourced Over-Production

In a growth economy, new jobs are created on a regular basis because new production expands the employment base. In a shrinking economy, just the opposite happens. The U.S. and most of the industrial world have enjoyed the benefits of expanded production and employment for many decades, minus the occasional downswings of the “business cycle,” … More The Real Cause of Unemployment: Automated and Outsourced Over-Production

The Great Jobs Myth and the Transformation of the Growth Economy, Part II

The pervasive acceptance of conventional economic theory as a “natural science” that gives us guidance for dealing with our economic lives is one of the biggest obstacles to understanding and making rational choices about the converging crises of our time.  Simply put, the fundamental flaw in conventional economics is that the economic system it promotes … More The Great Jobs Myth and the Transformation of the Growth Economy, Part II