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Showing posts with label economics. Show all posts
Showing posts with label economics. Show all posts

Tuesday, 19 May 2015

Another crash?

Some commentators are predicting that we are on course for another crash. I have no idea if they are right or wrong, but economics does seem to be cyclical. Some investments may give lower returns but may be safer bets?

Friday, 28 December 2012

Consumption and economics

With the US heading for a "fiscal cliff" unless Obama, the Senate and House of Representatives can muster a last minute deal, it is timely to remind ourselves that western economics is based on driving consumption to stupid levels to encourage "growth". This is ultimately unsustainable.

See for an interesting article on this.

Monday, 21 November 2011

The Four Horsemen Cometh?

We increasingly behave like lemmings running towards that cliff edge. The question is when will we reach it? 2012, 2013?

In Europe there are no signs of solving the Euro crisis. In the USA the congressional committee tasked with getting bipartisan support for huge spending cuts has totally failed to come up with anything. The indebtedness of the UK has risen to 492% of GDP, according to new research.  World CO2 emissions were higher still last year and the rate of increase is accelerating.  When ARE we all going to wake up and realise all this is not a computer game, but for real?

Somehow  as individuals and nations we've lost our way and got our values all wrong. Maybe this is the big wake-up call we need to change our behaviours, individually and nationally, to sustainable and better ones. I can't see it happening without a lot of pain though. Rarely before have we needed innovative and creative thinkers, strong communities, and human kindness and generosity so much.

The alternatives are too frightening to contemplate: mass unemployment, resource shortages, poverty, civil unrest, lurches to the far left or far right leading to violent revolution on a scale not seen for nearly 100 years. And on top of that we have a planet that is being cooked.

Sometimes it seems the Book of Revelation was right and those Four Horsemen really are riding towards us. If this reads like a tract for the Jehovah's Witnesses then please forgive me. I am a rational person but the portends for humankind are not good unless we change and change fast. It is up to us. No-one else is going to save us.