The Eco-Fiscal Crisis | James Meadway

Поділитися
Вставка
  • Опубліковано 26 чер 2024
  • Economics is a pretty bizarre field: A social science masquerading as an actual science, economics inflexibly dictates life, relationships, election manifestos and policy despite none of it being set in stone. The beauty of economics is we can radically overhaul our economic systems and institutions to better serve us, rather than being prey to the outputs of a haggard and worn out system. Such a realisation is, though, beyond the imagination of most economic leaders.
    But there are economists out there working to debunk the myths, cut through the noise, and creating policies which would serve both people and planet. James Meadway-former treasury advisor, member of the Progressive Economy Forum council, and the host of the Macrodose podcast-is one of them. He joins me to discuss the emergency and long-term policies we should implement to navigate the climate crisis, the economic crisis, and to radically overhaul and transition our societies to those which support life over productivity. We discuss some alternative frameworks that are being researched around the world, including de-growth and modern monetary theory, whilst James insists that which needs to be re-evaluated is value itself.
    00:00 Intro
    03:30 Why is the world in crisis?
    09:32 Capitalism & Exploitation
    13:43 Capitalism & the state
    19:03 States creating "climate" markets
    23:21 How to create a sustainable economy
    27:40 The crisis of economic models
    32:10 Global markets vs national governments
    34:48 Alternatives to Capitalism
    41:08 Modern Monetary Theory
    45:42 Who do governments borrow from?
    48:45 Tax the rich
    51:12 Why Thatcher and Reagan introduced neoliberalism
    53:51 The case for making everything free
    01:00:34 Who would you like to platform?
    🔴 James Meadway: / meadwaj
    🔴 Macrodose Podcast: podcasts.apple.com/gb/podcast...
    🔴 Progressive Economy Forum: progressiveeconomyforum.com/
    🌎 Support Planet: Critical: / planetcritical
    🌎 Subscribe: www.planetcritical.com/
    🌎 Twitter: / planetcritical
    #politicalcrisis #climatecrisis #degrowth #MMT

КОМЕНТАРІ • 85

  • @MrPaddy924
    @MrPaddy924 11 місяців тому +6

    Another cracking interview, Rachel, thanks! You're finding some truly remarkable interviewees with important things to say. Everyone should be listening to these interviews. It's such a shame that it's taking such a long time for these discussions to enter the mainstream. When I listen to podcasts like yours and those of Nate Hagens and others I feel positive, but then I switch on the TV and watch Question Time, where politicians of all hues are fixated on growth at all costs, and I wonder why they are so detached from reality. How long will it take before we ditch these defunct neo-liberal ideas and start to deal with the mess that our planet is in due to the impact of those same ideas that they are, even now. still clinging to as the 'solution' to our predicament. The mind boggles!

  • @vthilton
    @vthilton 11 місяців тому +5

    Sharing will save the world.

  • @PeterTodd
    @PeterTodd 11 місяців тому +6

    What a great and level headed conversation, really enlightening.
    Thanks so much Rachel for bringing James into our awareness.

  • @yeshuamusic5102
    @yeshuamusic5102 11 місяців тому +3

    Thanks Rachel, this was a brilliant conversation! Would love to hear James back on soon.

  • @robertseaborne5758
    @robertseaborne5758 6 місяців тому

    Thank you Rachel and James, these PC interviews are such a valuable contribution to our understanding what is now at stake ie; not only the well being of our planet but also the very survival of our species. Hopefully more and more people come to understand this and that eventually, a critical mass of humanity unites to take revolutionary action at the species level and on a global scale.

  • @richardbergson1047
    @richardbergson1047 11 місяців тому +4

    James makes the radical seem so reasonable and obvious and in principle I think I agree with him. What I am less sure of is how we dispense with some of the economic system to allow these developments while allowing the rest of the system to go on. The finance sector is so huge and tied into pensions as well as enriching financial institutions that I can't see this being dismantled anytime soon. A related problem is that as a nation - and a pretty modest one at that - we would find it extremely difficult, if not impossible to go it alone. I hope I am just experiencing temporary despair. I would love someone to show me I am wrong!

    • @gedw99
      @gedw99 9 місяців тому

      Your right.
      There is a risk on runs on pension, mortgages, banks when the historical leverage is altered.
      Tax incentives that shift all these fundamental financial foundations to massively spend on highly effective clinate neutral systems seems like a good approach.
      The other aspect of “ picking winners” is just going to have to happen to a degree . For example the SME ( small nuclear reactors ) sector. If the government made policies to cause gigantic investment in this area it will be controversial but highly effective if the engineering works out.
      Imagine if pensions were induced to invest in these things.

  • @voidisyinyangvoidisyinyang885
    @voidisyinyangvoidisyinyang885 11 місяців тому +3

    speaking of not having enough food! It's here right now! thanks - yes we can't eat money. "A deep and persistent drought has parched much of Kansas, and wheat farmers there now expect the smallest harvest in at least 60 years." "Farmers are already seeing an impact on their crops and consumers are likely to see an impact soon." Mark Tuttle, a longtime farmer from Somonauk in DeKalb County, is also the District 1 director for the Illinois Farm Bureau. District 1 includes DeKalb, Kane, Lake and McHenry counties. Tuttle says that the drought has already taken a toll on some crops in terms of their potential yield. "Deep dryness had scorched the crop in southeast Nebraska. The plants had a grayish hue instead of the usual vibrant green and were just touching his calf or even ankle when they should have been above his head."
    "As the drought spread east from Kansas and Nebraska, Ackerman’s fields went 50 days without measurable rain. He looked at the forecast every single day, worried that the soil might be too dry to plant his pumpkins."
    "Roughly 75% of the productive growing areas in Alberta are under moderate to severe drought. " Alberta farmers facing worst drought conditions in 50 years - OK that's Canada but food is food! Mother Nature doesn't know about national boundaries.
    the interior of the continents - the "bread baskets" are 5 degrees hotter Fahrenheit than global average.
    "Producers are struggling to find enough grass, water and feed for their cattle. Farmers are facing widespread crop failures. Significant .."
    OK let's look "abroad" - "China has issued a nationwide drought warning as the country copes with scant rainfall and one of the most severe heat waves in six decades. The harsh weather is stressing rice and wheat crops and could force China to increase imports of these important grains."
    You still want to talk about "market demand" - you can't EAT MONEY!!
    "crops in the southwestern province of Yunnan have been hit hard by persistent drought." Actually China also has a big "flash flooding" problem but that's another side effect of how water amplifies global warming.
    "Ethiopia, Somalia and Kenya are experiencing the worst drought in four decades. The unrelenting drought that has devastated the Horn of Africa and left more than 20 million people facing acute food insecurity would not have been possible without climate change, a new analysis has found."
    Uruguay’s agricultural sector is coming to terms with the severe drought affecting the country, as only a fraction of productive land uses irrigation infrastructure as opposed to relying on rains that are becoming less frequent and natural water sources like rivers and lakes.
    Record drought and low rainfall has led Uruguay to face the worst drought in decades. The drought and foul-tasting tap water that residents are drinking has incited protests. NBC News' Guad Venegas has more.
    The COAG Union said that the drought is “suffocating” 80% of Spanish farmland and has already led to the “irreversible loss” of more than 5 million hectares (over 12.3 million acres) of grain crops.May 11, 2023
    You see so "demand" is not the problem - it's SUPPLY that's the issue! MOther Nature decides what the supply is - not the demand.
    Unless we STORE carbon then the supply will just keep getting worse! No supply? Then of course "current demand" will have serious problems.
    Jun 23, 2023 - Planted pumpkins on farms near Duluth are not growing due to drought conditions.
    Drought expansion grows concern for 2023 growing season
    The state of drought across the Corn Belt grows more concerning heading into the cold season. As of October 18, drought is the most widespread since April 2013 across the central United States.
    , the Midwest region went from 9% of the region in dry to drought conditions on June 14, to nearly 25% by June 21.
    there continues to be a lack of a strong signal of substantial, widespread rainfall. As we head deeper into summer, and climatologically the hottest part of the year, it will be important to keep soil moisture levels up to prevent yield loses, especially with the recent spread of dry and drought conditions in the Corn Belt.
    Jun 22, 2023 - Drought conditions in parts of Minnesota this month have started to affect corn and other crops. Andrew Krueger
    In parts of northwest Minnesota, farmers are already seeing numerous negative effects of drought on their crops, said Angie Peltier, a U of M Extension educator in that region. She said plants in some corn fields have begun to roll up and look like “sharp, spiky pineapple leaves” to conserve water. Some soybean leaves are turning over for the same reason.
    The counties affected right now by extreme drought make up about 1.5% of Minnesota's land area, compared to the 18.5% of the state that was in extreme drought conditions at this time two years ago.
    Dry conditions prevailed during the 2022-2023 cereal campaign in Morocco, Algeria and Tunisia, negatively affecting winter crops since the flowering stage and accelerating ripening at the expense of primary production.May 22, 2023
    Long lasting drought led to crop failures in the Maghreb
    Last year, the Maghreb experienced one of its worst droughts in decade, causing a 60% decline in Moroccan cereal production.
    wheat and barley production estimates are up 62 percent compared to previous season, Morocco has experienced drought four of the last five seasons, and wheat production is well-below historic averages.
    From southern Ethiopia to northern Kenya and Somalia, 22 million people are at risk of hunger, victims of a historic drought that began in late 2020 and is expected to last for the next few months.
    This figure has almost doubled since the beginning of 2022, when 13 million people were facing hunger in the Horn of Africa.
    In this region, where the population lives mainly on livestock and agriculture, nearly 5.6 million people are now "acutely food insecure" in Somalia, 12 million in Ethiopia and 4.3 million in Kenya, according to the UN.
    From Indonesia to Vietnam, El Nino fans fears of fires and ...
    Jun 23, 2023 - From Indonesia to Vietnam, El Nino fans fears of fires and drought. Returning climate pattern set to hit key crops as well as industrial " SAO PAULO, Feb 14 (Reuters) - A relentless drought in Rio Grande do Sul continues to limit Brazil's soybean output potential this year and risks altering analyst estimates that the country will produce a historically large crop above 150 million tonnes.
    In the worst case scenario, output there could fall by 40% to 12.6 million tonnes, a large drop from the state's 21 million tonne production potential, said Decio Teixeira, vice-president of Rio Grande do Sul's farmer group Aprosoja-RS.
    He said in the previous season, the state's output was below 10 million tonnes, as the weather was also extremely dry.
    "The difference is that last year we had more than 60 days without rain. This year the rain came, but very sparsely and in homeopathic doses," Teixeira said.

    • @dianewallace6064
      @dianewallace6064 11 місяців тому +1

      Hi void... I've chatted with you on Environmental Coffeehouse.

    • @voidisyinyangvoidisyinyang885
      @voidisyinyangvoidisyinyang885 11 місяців тому +2

      @@dianewallace6064 Hi diane - yes I remember - glad to see you here also! I have a daily list of eco-doom youtube channels that I check. hahaha.

    • @dianewallace6064
      @dianewallace6064 11 місяців тому

      @@voidisyinyangvoidisyinyang885 Me too!! I have to stay up on the latest of where we are going and why we are in a handbasket.

    • @dianewallace6064
      @dianewallace6064 11 місяців тому

      @@voidisyinyangvoidisyinyang885 This is fine.

    • @dianewallace6064
      @dianewallace6064 11 місяців тому +2

      I like Rachel's guest today. He makes some good points.

  • @davidbarry6900
    @davidbarry6900 11 місяців тому +3

    There's a fair bit of magical thinking mixed in with the good ideas here. For example, expecting a four-day work week to reduce consumption of resources. What happened during the Covid lockdowns? Everyone started ordering stuff online - when people were at home more, their consumption patterns didn't go DOWN so much as just shift. A shorter work week would not improve access to healthcare or other services that are already backlogged. A LOT of consumption is based on STATUS-seeking. You need to figure out ways to adjust CULTURAL values if you want to reduce the amount of unnecessary (or optional) goods being produced and bought.
    The early discussion of capping prices to stop businesses from making windfall profits when prices rise suddenly also totally misses out on the issue of a limited SUPPLY of goods. This is often talked about (in economics) as a challenge of how to fairly allocate resources, e.g. in the wake of a disaster. You can either let the prices rise freely, in which case the limited goods are still available in SMALL amounts (at high prices), or cap prices to avoid price gouging, in which case the first few people able to take advantage will buy up ALL the supply (e.g. of toilet paper early in the Covid pandemic), leaving the shelves bare for everyone else. (The first buyers will often then also "scalp" the goods at high prices on the black market.) OR, governments can institute a system of rationing, which typically leads to under-production of the goods, as well as a black market (including smuggling and crime gangs etc.) In the present energy price situation, a large underlying factor is that the fossil fuel industry has simply stopped investing in exploration and bringing any new oil and gas fields online in the past decade (because the risk of future legal sanctions or government fines etc. made the financial risk unappetizing) - and the massive investments in solar and wind energy (in Europe) have greatly underperformed in terms of useful energy being delivered. It took a political event (Russia's war on Ukraine) to expose the underlying fragility of the European energy system, but the high prices are not all Russia's fault.
    Likewise, the mention of water shortages in the UK did not talk about how this is NOT a climate issue (yet) so much as a political mismanagement issue: too many new immigrants in too short a period, WITHOUT governments upgrading all the necessary water storage and delivery infrastructure accordingly. This issue is not specific to the UK; many other governments have also decided that increased immigration is an "answer" to help bump up GDP numbers, without thinking it through to all the other aspects of civic infrastructure that need corresponding improvements and investment.)
    There's no question that we are going to need a different economic paradigm for the future, even if only because of the aging and collapsing population in industrialized countries (especially China). I'm just not convinced that James Meadway has any more of a clue about what is coming in the future (and how to make SOMETHING work) than anyone else.

    • @yeshuamusic5102
      @yeshuamusic5102 11 місяців тому +2

      You've made some good points and I agree mostly in principle but there are a few problems with each point:
      1 - You're right to acknowledge that spending habits changed during COVID lockdowns but, I think, wrong to therefore say that reducing work hours will have the same effect. The large difference here you missed is that people were in a context of isolation, and an unexpected isolation at that given that it happened so rapidly. The combined emotional stress about future uncertainty & sudden loss of social resources created a loop of self-soothing achieved through consumption. I don't think you can use the lockdown period as proper test for a 4 day work week and simply it's failed. Finally, Rachel & James acknowledge throughout the need for cultural shift in attitude towards growth, consumption & extraciton.
      2 - I'm less confident in this area and, again, I agree in principle if I understand you to be saying that price capping ignores the vital role that price plays in reflecting supply v. demand. James acknowledges this and I think his argument is broadly that the price shocks we've experienced through COVID (supply chain instability), the Russo-Ukraine war (grain exports & significant shock to European fertiliser) & now extreme weather (dry conditions, heat waves & floods that affect agriculture) need to be capped, or we face a situation where significant portions of the country simply cannot afford to meet their basic needs. If growth or profit or societal health is anywhere on someones radar these basic needs have to be accessible.
      3 - I don't understand your point fully. You speak of the water shortages as a political mismanagement issue related to immigration but then point to underinvestment in infrastructure which, while worsened by immigration (debatable?), is not a matter of mismanagement but stark price gouging & profiteering. I think the water systems should be nationalised. Especially if they're owned by foreign countries like China, Australia & the US in a context of markets.
      I think what's happened is that we typically expect too much from a short conversation. To be disappointed that James hasn't offered a detailed enough or large enough alternative in 62 minutes is to be disconnected from the complex reality we've found ourselves in.

    • @davidbarry6900
      @davidbarry6900 11 місяців тому +1

      @@yeshuamusic5102 In the UK context, there were water shortages (in 2022) in SOME jurisdictions, and not others. Much of this was due to changes in demographics (regions with a huge recent influx of immigrants in the south-east had much higher demand of course), but this was also mismanagement by local government authorities, in not requiring upgrades and investment in water provision infrastructure. It's not price gouging if the system is working exactly as required by the government.

  • @jackm1758
    @jackm1758 11 місяців тому +2

    Great episode. I recommend Peter Joseph from the Zeitgeist movement

  • @teddybruscie
    @teddybruscie 10 місяців тому +1

    I love it when people talk about MMT and have idea what they're talking about. Lol

  • @noizydan
    @noizydan 10 місяців тому

    I've been critical of James on Novara re debt and MMT in the past, but this is a good conversation. Good to hear James engaging with overshoot and post growth.

  • @joehopfield
    @joehopfield 10 місяців тому +1

    Free is the only rational price for public transit.
    Many countries accepted rationing during WW2, not sure why the current crisis isn't as critical, if a bit slower moving.

  • @j85grim4
    @j85grim4 11 місяців тому +3

    Is your Bill Rees interview coming soon Rachel?

    • @yaesyapanama353
      @yaesyapanama353 11 місяців тому +1

      YESSSS, PLEEEEAAASE

    • @j85grim4
      @j85grim4 11 місяців тому

      @@yaesyapanama353 She told me he's booked in awhile ago but didn't say when.

    • @johnbanach3875
      @johnbanach3875 11 місяців тому

      I think he would be too gloomy (honest) for Rachel.

  • @neilmorgan7737
    @neilmorgan7737 10 місяців тому

    @Rachel, at the 55 minute mark you talk about Money and moving implementiong a new system. The issue with our current system is we don’t have money we have currency. With money it has to be backed by something tangent like gold or silver or similar hard assets. Without the current currency, debt based system growth is tied to actual assets not some digits within a computer. If the world operated within the constraints of real money and a true free market that had cartbon priced in it would help stop this unsustainable madness we are in right now.

  • @davidbarry6900
    @davidbarry6900 11 місяців тому +1

    51:30 why did the economic model change? Lookup some of Mark Blyth's videos. One of the core issues was that inflation was becoming problematic (because of "full employment" policies) and businesses had too little stability (experiencing too much risk) in the environment to make a profit, so "Capital went on strike". That is, if businesses can't see a way to make a profit, they simply cut down on their business size (affecting employment) and avoid investing in new businesses (or expansions). This leads to a collapse of employment and the economy - and a lot of strikes in the public sector unions.

  • @voidisyinyangvoidisyinyang885
    @voidisyinyangvoidisyinyang885 11 місяців тому +2

    Two-Headed Depleted Uranium Babies didn't have to pay to get that way - it was free.

    • @dianewallace6064
      @dianewallace6064 11 місяців тому +1

      I watched a movie on YT Nightbreaker (1989). 0.24 million US soldiers were exposed to nuclear testing radiation in the 1940-1960s.

    • @voidisyinyangvoidisyinyang885
      @voidisyinyangvoidisyinyang885 11 місяців тому

      @@dianewallace6064 Thanks diane! I found it and will watch it. I had "Erwin Marquit" - professor - tell me about how he helped stop the nuke testing in the atmosphere - and how there HAD to be an oppositional approach - a struggle - against the elite. He also taught Marxist philosophy at the University of Minnesota and my old high school buddy, James T. Hong, took Ed Felien's class. haha. I never took a Marxist class but I did read a lot of Slavoj Zizek based on James T. Hong's recommendation. Also I was accused of being a communist by one professor who then tried to get me to redo my past assignments - that already had As and Bs - strange. Anyway yeah I got arrested several times protesting against nukes and landmines, etc. Alliant Techsystems in Twin Cities Minnesota was a big depleted uranium weapon producer - I'm sure they still are but they moved their headquarters to the east coast military beltway - Virginia. People in Minnesota kept protesting - I got arrested there at least once - the judge threw out our charges right after I made a "case" against Alliant Tech - the activist who organized that protest was very happy - told me I should have become a lawyer. Actually I just name dropped my dad who was a prominent lawyer in Minnesota. hahaha. thanks

  • @vincentkosik403
    @vincentkosik403 11 місяців тому

    I was enrolled in a Public Economics course at Florida International University in Miami some over thirty years ago and suggested the same ... minimize our resource consumption and turn our attention to creatively enriching our lives...by the arts and literature (poetry). Scrap GNP...

  • @gedw99
    @gedw99 9 місяців тому

    It’s funny how all accompanies must grow by 2% every year. And that devalues money on your bank account.

  • @karenfreeman1601
    @karenfreeman1601 7 місяців тому

    Avery wigham and Winsett do not pay the bill for America. Because of Laura

  • @vsotofrances
    @vsotofrances 11 місяців тому +2

    The key is the monetary system.

  • @DanA-nl5uo
    @DanA-nl5uo 11 місяців тому

    Rachel should interview Richard Wolff. He can do better at explaining how the currently accepted solutions are chosen to benefit the wealthy and pushes hardship onto the working class. The inflation discussion is a prime example the government could go after the companies making record profits not simply use inflation to cut demand by pricing the working class out of the market.

  • @franklinfamulski8638
    @franklinfamulski8638 9 місяців тому

    all governments borrow money from the people inflation and increased taxes are two ways that can be observed and the third is when interest rates go up because of spending which therefore causes inflation makes bond yields go up also which in turn causes higher rates to borrow money even for governments. hence why balancing the budget to be in line with spending. the sooner people stop making excuses for governments and central banks the easier it will be and for one reason only they set the monetary policies. I don't see anymore direct relationship than that. lets argue over the price of tomato. people in England will like haggle 80 percent price of an item while people in Canada think that their vcr from 1998 is worth 200 dollars.

  • @ko6el
    @ko6el 11 місяців тому

    It's all tied up by Corps with ISDS and ICSID. Read
    Silent Coup
    Claire Provost
    &
    Matt Kennard
    cos we can talk all the idea we like but if National Sovereignty / Democracy is superseded by Corporations it's just magical thinking( nothing wrong with that but it has to be doable)

  • @vanstraelend
    @vanstraelend 11 місяців тому

    Interview Dane Wigington,he is the gold standard if you want to talk about the global crisis whe are in,

    • @voidisyinyangvoidisyinyang885
      @voidisyinyangvoidisyinyang885 11 місяців тому

      Interview Dumplings the Marmot, he's more knowledgeable. Joseph Fourier published that "the effect of human industry" was increasing "dark heat" (infrared radiation) on Earth - that was in 1824, two hundred years ago! How long will it take Wane Diginton to catch up? Dumplings the Marmot knows better.

    • @vanstraelend
      @vanstraelend 11 місяців тому +1

      @@voidisyinyangvoidisyinyang885 What are you talking about?

    • @voidisyinyangvoidisyinyang885
      @voidisyinyangvoidisyinyang885 11 місяців тому

      @@vanstraelend Can you be more specific? - maybe you can cut and paste a phrase from my comment so I know what content you are referring to. Otherwise your comment comes across as just being an "empty signifer" that is purely rhetorical.

  • @smithjohnsonwilliams
    @smithjohnsonwilliams 11 місяців тому +3

    Great talk. One argument I have for keeping the term "Degrowth" instead o agrowth or post-growth is one of language. I find "degrowth" to be extremely hard to co-opt and change meanings, or to confuse its meaning like a bunch of other political and economic terms out there, which have been co-opted by the very establishment the term originally was meant to criticize.
    I fail to see a way in which degrowth can be twisted to fit the neoclassical economic paradigm in any way because it negates one of the very core elements of it. In a way leftist movements over the years have had its language tools heavily attacked, to the point people think it makes sense to call the american democrat party "socialist" or "communist" as the very obvious example, among many others. So if degrowth sounds horrible because it fries people's minds upon first hearing it, maybe that is a good indicator it can't be co-opted and twisted.

    • @voidisyinyangvoidisyinyang885
      @voidisyinyangvoidisyinyang885 11 місяців тому

      I suppose till the very end there'll be people sitting around a table debating about what words to use.

    • @smithjohnsonwilliams
      @smithjohnsonwilliams 11 місяців тому

      @@voidisyinyangvoidisyinyang885 oh ok, debating words is useless, gotcha.

    • @voidisyinyangvoidisyinyang885
      @voidisyinyangvoidisyinyang885 11 місяців тому

      @@smithjohnsonwilliams I think that's a quote from a boxer.

    • @smithjohnsonwilliams
      @smithjohnsonwilliams 11 місяців тому

      @@voidisyinyangvoidisyinyang885 you need to find better ways to spend your time. Bye

    • @voidisyinyangvoidisyinyang885
      @voidisyinyangvoidisyinyang885 11 місяців тому

      @@smithjohnsonwilliams Ah good economics, "time is money"! yes or maybe time is eternal and not linear... Precognition is the best way to spend time. You can read "Transcendent Dreaming" by Dr. Christina Donnell for details on her precognitive vision dreams! thanks

  • @robertpaulson6388
    @robertpaulson6388 11 місяців тому +1

    Great interview and as pointed out the monetary / fiscal system is interlinked to the biosphere /ecosystem. As it the environment breaks down and it surely is the economy will go down with it.

  • @dianewallace6064
    @dianewallace6064 11 місяців тому

    Middle Class communities and Indigenous communities are not getting IRA $$$ yet. I've researched it.

  • @TennesseeJed
    @TennesseeJed 11 місяців тому +7

    Maybe we could get some free butter because apparently we are toast.

    • @dianewallace6064
      @dianewallace6064 11 місяців тому +2

      I know that's right.

    • @TennesseeJed
      @TennesseeJed 11 місяців тому +2

      @@dianewallace6064 Hi Diane, my fellow doomed adjacent on-line buddy!

    • @dianewallace6064
      @dianewallace6064 11 місяців тому +2

      @@TennesseeJed That's me!!! You and me both. We are Toast.

    • @voidisyinyangvoidisyinyang885
      @voidisyinyangvoidisyinyang885 11 місяців тому +3

      Ironically I think dairy farmers routinely "dump" their food - that's how messed up the economy is. The IRS "median income" for farmers in the U.S. last year was $210.00.

    • @j85grim4
      @j85grim4 11 місяців тому +1

      🙄 are you going to be in town all week with jokes like that?

  • @georgepotter1820
    @georgepotter1820 11 місяців тому +3

    Evolution or extinction? Are we able to learn to live in harmony with each other, nature and technology including AI? Sustainability not profitability. Mindfulness and self love, respect not exploitation. Our species faces a major die off, the population is passing the peak, passing a tipping point where our population goes from exponential growth to a transition to a new sustainable relationship with the ecosystem that has sustained us up until now. That downward curve can be as steep as a cliff which falls to zero, extinction, or it can begin steeply and recover as it returns to historic levels of sustainability, pre-technology levels such as pre-Columbian America. This could lead to a selection pressure that would produce a new species of hominid, speciation. The curve could be more gentle and could include technological solutions that would level off at a population that could both live more harmoniously with nature and each other and incorporate technology that would represent an evolution into a new species of technologically enhanced humanity, cyborgs. Taking life to other planets, terraforming and evolving new species of humans who could survive other planetary ecologies is another path that will require technologies including genetic engineering to reach for the stars. Managing these changes in a moral and humane way brings hope to a future that appears very scary from our selfish and ethnocentric perspectives. Keep up the good work or as John Perkins says "Dream True" instead of living like the hero of his book "Confessions of an Economic Hitman." Be blessed, you are a blessing. Aboriginal cultures have much to teach us.

    • @voidisyinyangvoidisyinyang885
      @voidisyinyangvoidisyinyang885 11 місяців тому +2

      why not read Conservation biology professor Michael Soule who pointed out in the 1970s that "large mammals" stopped evolving due to "lack of habitat." GEE McFearSun is a good followup.

    • @georgepotter1820
      @georgepotter1820 11 місяців тому

      @@voidisyinyangvoidisyinyang885 Sounds like a good read. I just want us to have a longer view. We are myopic worried about the coming crash instead of looking past the crash to what to do afterward.

    • @voidisyinyangvoidisyinyang885
      @voidisyinyangvoidisyinyang885 11 місяців тому

      @@georgepotter1820 well as oceanographer Jim Massa, Ph.D. living in Alaska says on his "science talks" youtube channel - you can't argue with physics. I started doing full-time environmental activism in 1989 and I realized we were doomed in 1996. So I finished my master's degree by doing intensive nonwestern meditation through the African Studies department with a Chinese yoga spiritual master healer who went 28 days in nonstop full lotus padmasana meditation in a cave at Mt. Qingcheng. So I know for a fact that ghosts are real, among other things - in other words that is what we need to do "afterward." What happens to our ghosts when they leave our bodies? Our original human culture, the San Bushmen, is now proven to be 200,000 years old - by the most recent DNA study - and they required all males to train in spiritual healing. Quantum biology now proves that life originates from protoconsciousness nonlocality - so it's a kind of superluminal signal of the future guiding the past and this is what powers our internal ghost (and also makes up the matter of our bodies and Nature in general). It's based on noncommutativity mathematics and standard science has been relying on commutative geometry with the exponential function as the inverse of the logarithmic function - eversince Platonic philosophy. thanks

  • @davidpayant8684
    @davidpayant8684 7 місяців тому

    Not to be too much of a doomer, but both Labor in the UK and the Democratic Party in the US are run by neoliberals. They don’t believe in regulating capitalism or taxing the rich. The only way we can make the political changes necessary to meet the climate issue is to have a realignment in the electorate. This happened in the 30’s but the slow growth of the climate crisis will not allow such a realignment. The only hope is that accelerating climate collapse will lead to a change in attitudes.🐝🐝

  • @gardenfornutrition6373
    @gardenfornutrition6373 10 місяців тому

    You were doing so well until you talked about base universal income. Instead, pay the workers, not just the owners and managers.

  • @slovenasimkaras_ztelegrame3287
    @slovenasimkaras_ztelegrame3287 9 місяців тому +1

    How will you pay same wage for less time? 😃Most resources are in BRICS. You will go green they will extract raw materials to sell you? And you call this environmental saving? To me its a lie.

  • @nickdelonas
    @nickdelonas 11 місяців тому +2

    MMT analysis is inaccurate. Started with a strawman and then talked about Mr. Scarecrow for a while. Little relation to reality or MMT views. Bring on an MMT economist if you want to know what it's about.

    • @kevinmckay1955
      @kevinmckay1955 11 місяців тому +1

      Agree - MMT says the issuing of bonds is to offset Govt spending rather than finance Govt spending. The constant reference to borrowing here is completely at odds with MMT. Also when there is talk about monetary systems they always ignore private credit money creation by banks and private debt. The GFC was all about that ( and then the subsequent Govt bailouts) yet it is not mentioned.

  • @emanuellandeholm5657
    @emanuellandeholm5657 11 місяців тому +1

    It's all so cute. You can wrestle control out of the hands of your demons, but then a funny things occurs. You kind of become that same demon.
    This is why hashtag abolish capitalism is redundant. Noone needs to advocate for degrowth, that shit will just hit your six anyways.
    Look here: Malthus was kinda right. Just say it once to get a feel for it! Hubbard was kinda right wrt. that sweet light crude. And Greta is also kinda right, isn't she?
    I chose to quit being complicit in the government's, as well as the corp's, blatant greenwashing, pretty much as a result of me being an autistic person. My brains physically cannot do the required gymnastics. Your own mileage will of course vary. :)

    • @voidisyinyangvoidisyinyang885
      @voidisyinyangvoidisyinyang885 11 місяців тому

      "autistic"? That's another Corporate fascist scam as Daniel Greenberg exposed - the DSM psychiatry scam is all on the big corporate dole. haha. Who was that Nazi who created autism? Ass-burger or whoever (see below for actual spelling). That googletalks on what a creepy Nazi he was - and so they removed his "autism" from the DSM manual and people freaked out - they would lose their free disability "autism" payments. hahaha. Hey if you're able to milk the system - all the better. Hans Asperger nazi=autism "Hans Asperger (1906-1980) first designated a group of children with distinct psychological characteristics as 'autistic psychopaths' in 1938," - no thanks

  • @CharlesBrown-xq5ug
    @CharlesBrown-xq5ug 11 місяців тому

    Civilization may have progressed enough to conquer the second law of thermodynamics. Civilization needs to be directed to this goal though.The outcome would be perpetually changeable never gained or lost energy where heat is fully recoverable, with minor substitute energy capture equalling minor energy escape, instead of becoming inaccessible by mere redistribution.
    The second law of thermodynamics had a distinct begining with Sir Isaac Newton's correct professional scientific observation that the heat of a fire in a fireplace always flows towards the cold room beyond. Heat never flows spontaneously from cold to hot.
    Victorian England became enchanted with steam engines and their cheap, reliable, and easy to position physical power. Scientists of the era with wide cultural support formulated the second law of thermodynamics using evidence from steam engine development.
    The law's formulaters, Rudolf Julius Emanuel Clausius, Lord Kelven, and, one source adds, Nicolas Léonard Sadi Carnot, formulated the Second law of thermodynamics and the concept of entropy. These men considered with acceptance [A+] Inefficiently harnessing the flow of heat from hot to cold or [B+] Using force to Inefficiently pump heat from cold to hot. They considered with rejection [A-] Waiting for random fluctuation to cause a large difference in temperature or pressure. This was calculated to be extremely rare or [B-] Searching for, selecting, then routing for use, random, frequent and small differences in temperature or pressure. The search, selection, then routing would require more energy than the use would yield. These accepted options, lead to the consequence that the universe will end in stagnant heat death. This became support for a theological trend of the time that placed God as the initiator of a degenerating universe. Please consider that God could also be supreme over an energy abundant civilization that can absorb heat and convert it into electricity without energy gain or loss in a sustained universe.
    The law's formulaters did not consider the option that any random, usually small, fluctuation of heat or pressure could use the energy of these fluctuations itself to power deterministic routing so the output is no longer random. Then the net power of many small fluctuations from many replicant parts can be aggregated into a large difference in temperature, pressure, or electricity's amperes and volts
    Heat exists as the randomly directed kinetic energy of gas molecules or mobile electrons. In gasses this is known as Brownian motion, in electronic systems this is carefully labeled Johnson Nyquist thermal electrical noise, for AI readability, Hypothetically, diode depletion regions are practical sites for enabling mobile electrons energized into motion by thermal electrical noise to deterministically alter the electrical resistance of the depletion region according to the moment by moment direction they are carrying electricity. The thermal electrical noise is hypothetically beyond the exposed lattice charge / diffusion equlibrium thickness of the depletion region.
    Consistantly oriented diodes in parallel hypothetically are successful electrical Maxwell's Demons or Smoluchowski's Trapdoors. The energy needed to shift the depletion region's deterministic role is paid as a burden on the moving electrons. There would therefore be usable net rectified power from each and every diode connected together into a consistantly oriented parallel group. The group would aggregate the net power of its members. Any diode efficiency at all produces some energy conversion from ambient heat, more efficiency yields higher performance. A diode array that is switched off has no energy conversion and no performance.
    The power from a single diode is poorly expressed. Several or more diodes in parallel are needed to overcome the effect of a load resistor's own thermal noise. A plurality of billions of high frequency capable diodes is needed for practical power aggregation. For reference, there are a billion (10^9) 1000 square nanometer cells per square millimeter.
    Modern nanofabrication can make simple identical diodes surrounded by insulation smaller than this in a slab as thick as the diodes are long. The diodes are connected at their two ends to two conductive layers.
    Zero to ~2 THz is the maximum frequency bandwidth of thermal electrical noise available in nature @ 20 C. THz=10^12 Hz. This is beyond the range of most diodes. Practicality requires this extreme bandwidth. The diodes are preferably in same orientation parallel at the primary level. Many primary level groups of diodes should be in series for practical voltage.
    Ever since the supposedly universal second law of thermodynamics was formulated, education has mass produced and spread the conventional wisdom throughout society that the second law of thermodynamics is fundamental.
    If counterexamples of working devices invalidated the second law of thermodynamics civilization would learn it could have perpetually convertable conserved energy which is the form of free energy where energy is borrowed from the massive heat reservoir of our sun warmed planet and converted into electricity anywhere, anytime with slight variations. Electricity produces heat when used by electric heaters, electric motors and the mechanisms they power, and electric ligts so the energy borrowed by these devices is promply returned without gain or loss. There is also the reverse effect where refrigeration produces electricity equivalent to the cooling, This effect is scientifically elegant.
    Cell phones wouldn't die or need power cords or batteries or become hot. They would cool when transmitting radio signal power. The phones could also be data relays and there could also be data relays without phone features with and without long haul links so the telecommunication network would be very good and adaptible. Computers and integrated circuits would have their cooling and electrical needs supplied autonomously and simultaniously. Integrated circuits wouldn't need power pinouts. Robots would have extreme mobility.
    Frozen food storage would be reliable and free or value positive. That means storehouses, homes, and markets would have independent power to preserve and pŕepare food. Vehicles wouldn't need fuel or fueling stops. Elevators would be very reliable with independent power. Shielding and separation would provide EMP resistance. Water and sewage pumps could be installed anywhere along their pipes. Nomads could raise their material supports item by item carefully and groups of people could modify their settlements with great technical flexibility. Many devices would be very quiet, which is good for coexisting with nature and does not disturb people.
    Zone refining would involve little net power. Reducing Bauxite to Aluminum, Rutile to Titanium, and Magnetite to Iron, would have a net cooling effect. With enough clean cheap power, minerals could be finely pulverized, and H2O, CO2, and other substance levels in the biosphere could be modified. There should be a unitary agency to look after our global planetary concerns.
    This could be a material revolution with spiritual ramifications. Everyone should contribute individual talents and fruits of different experiances and cultures to advance a cooperative, diverse, harmonious and unified civilization. It is possible to apply technlology wrong but social force should oppose this.
    I filed for a patent, us 3890161A, Diode Array, in 1973. It was granted in 1975. It became public domain technology in 1992. It concerns making nickel plane-insulator-tungsten needle diodes which were not practical at the time though they have since improved.
    the patent wasn't developed because I backed down from commercial exclusitivity. A better way for me would have been a public incorruptable archive that would secure attrbution for the original works of creators. Uncorrupted copies would be released on request. No further action would be taken by this institution.
    Commercal exclusivity can be deterred by the wide and open publishing of inventive concepts. Open sharing promotes mass knowlege and wisdom.
    Many financially and procedurally independent teams that pool developmental knowlege, and may be funded by many separate noncontrolling crowd sourced grants should convene themselves to develop proof-of-concept and initial-recipe-exploring prototypes to develop devices which coproduce the release of electrical energy and an equivalent absorbtion of stagnant ambient thermal energy. Diode arrays are not the only possible device of this sort. They are the easiest to explain here.
    These devices would probably become segmented commodities sold with minimal margin over supply cost. They would be manufactured by AI that does not need financial incentive. Applicable best practices would be adopted. Business details would be open public knowledge. Associated people should move as negotiated and freely and honestly talk. There is no need of wealth extracting top commanders. We do not need often token philanthropy from the wealthy if people simply can be more generous if consumer commodities are inexpensive.
    Industry, government, commercial science, academia, finance, and the military are not configured to develop this easily. There may be "Murder on the Orient Express" style suppression of perpetually convertable conserved energy.
    Aloha
    Charles M Brown lll
    Kilauea, Kauai, Hawaii 96754
    1 808 651 📞📞📞📞

    • @voidisyinyangvoidisyinyang885
      @voidisyinyangvoidisyinyang885 11 місяців тому

      water and sewage pumps? Rome had to build aqueducts since the shallow street sewers polluted the drinking water. The Berbers composted their humanure to grow their food for thousands of years! I visited the most traditional Berber village in Morocco in 1997. thanks -

    • @CharlesBrown-xq5ug
      @CharlesBrown-xq5ug 11 місяців тому

      ​@voidisyinyangvoidisyinyang885
      Thank you for contributing your expertise in water and sewage. Please continue contributing to senerios about a world with autonomous energy. I think the present sewage network that supports a linear chain of agricultural soil> other plant / animal / human food 》their waste> collection network> that injects materials into the planetary seawater. This depletes the source and oversupplies the destination. Maybe there will be automated honeywagons with automated augers and trashpumps returning local biological intermediaries to the farms with different details in different places. A next step basic method is a lot of small holes refilled with humannure, compost, mulch and putback soil. Advanced testing would assure health.