George Monbiot, well known for his books “The Age of Consent: a manifesto for a new world order” and “Captive State: the corporate takeover of Britain” has published an important article in Common Dreams: “The Impossibility of Growth Demands a New Economic System. Why collapse and salvation are hard to distinguish from each other”. Some excerpts in the following, link to full article below.
“Let us imagine that in 3030BC the total possessions of the people of Egypt filled one cubic metre”…….. and “that these possessions grew by 4.5% a year.” How big would that stash have been by the Battle of Actium in 30BC? ……..It’s 2.5 billion billion solar systems…….. ”
“It was neither capitalism nor communism that made possible the progress and the pathologies (total war, the unprecedented concentration of global wealth, planetary destruction) of the modern age. It was coal, followed by oil and gas”
“The trajectory of compound growth shows that the scouring of the planet has only just begun”.
“The inescapable failure of a society built upon growth and its destruction of the Earth’s living systems are the overwhelming facts of our existence.”
A particularly interesting example from the article: the government of Ecuador has decided to go ahead with oil drilling in its high diversity Yasuni national park. It had offered to leave the oil in the ground if it could raise 3.6 billion Dollars from foreign donors, about half the value of the oil. It could just get 13 million. Ecuador is very poor, Australia is rich. For how much would Australia leave its coal, oil and gas in the ground, or protect its Tasmanian forests from logging?
Full article here: