18 Matching Annotations
  1. Aug 2023
    1. there's no uh uh catastrophe even if things plug along as they're going and there's no mass die off of humans or anything like that 00:36:47 the population is set to decline i don't know when the peak is supposed to come but uh the peak is supposed to come at you know within the next 10 20 years or so 00:36:59 and after that the world population will start to decline how is how is this growth capitalism model growth-based capitalism model how is that going to 00:37:12 function when the world is shrinking
      • for: population decline, economic growth vs population decline
      • comment
        • John makes a good point
        • how will humans negotiate a growth economy when population is shrinking?
        • it may be that AI automation may lessen the need for human capacity, but the future is unknown how these forces will balance out
  2. Mar 2023
    1. Ads, Andrew and James discuss where the the climate movement is right now, how deep time plays into the effects we are having on the planet, when good people do bad things because of poor systems and what happens next if 1.5C fails.
      • 21:52 Carbon credits, carbon markets
        • it's a scam designed to perpetuate fossil fuel use, in a phoney war against the climate crisis
        • Offsets were designed to allow polluters to pay others to create schemes that would compensate or "offset" that pollution. The classic example WAS afforestation, the planting of trees that can sequester that carbon.
        • Carbon neutrality comes from this idea that you can keep polluting if you offset it and become "carbon neutral"
        • A company may decarbonize a lot of their supply chain but may struggle to get rid of airflights around the world. In that case, they use offsets. When companies analyze the very difficult choices, they take the easy way out and use carbon offsets
        • However, there is so much offsets for afforestation now that there isn't enough land on earth
        • Carbon markets are a recipe for grifting and fraud or zero impacts
        • This is the current state of offsets

      31:00 Shell oil carbon offset greenwashing scam - the sky zero proposal - Shell claims they can offset all the O+G emissions out of the ground - it is preposterous - there's not enough land on earth when you tally up all the carbon offset afforestation schemes

      • 32:30 Neo-colonialism

        • rich white man can offset his emissions by buying land from a developing nation. Now the indigenous people cannot use that land for any reason.
        • also, will require huge amount of water to grow those trees
        • we don't have enough land and we don't have 100 years, only 5 years.
        • nature-based solutions are an industrial, myopic approach
      • 37:00 Deferred Emission Reduction

        • a lot of carbon credits are called deferred emission reduction credits.
        • this is avoided emissions - ie. trees in a forest with 100 ton of sequestering potential
        • this is promise to not destroy the biosphere any further so it's not removing any existing carbon
        • maybe multiple people might own the same forest, or someone might come along and burn it down
        • Trees are vulnerable to climate impacts - ie. Microsoft bought a large forest in California that later burned down in a climate change intensified wildfire
      • 40:00 can we do anything within the extractive capitalist system?

        • some people claim that as long as extractivist capitalism still persists, we cannot have system change
        • also a neocolonialist element - global north exploited the global south to create most of the emissions in the atmospheric commons
        • a number of people are beginning to see that an extractivist capitalist system is not in line with effectively addressing the climate crisis
        • wind, solar, etc has displaced electricity generation in a number of countries like in the UK. However, these are only a few countries.Renewables are helping increase overall energy production
      • 44:22: Stop burning fossil fuels

        • t doesn't matter if investments in renewables triple. It won't make a difference if we don't significantly stop burning fossil fuels at the same time.
      • 47:00 economic growth prevents real change

        • Insisting on 1, 2 or 3% growth, will limit the response to the climate threat to render it irrelevant
        • Climate change is still mostly an optimization problem. They are more concerned with economic damage.
        • Economists believe that anything that threatens economic growth cannot be accepted
      • 51:00 Degrowth making headway

        • Degrowth scholars are getting more attention on the need to decouple economic grwoth from climate policies
      • 52:10 Is there a positive future scenario - The role of solidarity

        • Solidarity is the greatest strength we can harness.
        • The success of Doughnut Economics gives me hope
        • The richest 1% must reign in their impacts and redistribute to allow the impoverished to live humane lives
        • We can all have good lives and we don't have to manufacture that wonder
        • This is what it is to be human
  3. Sep 2022
    1. assessment of extra capacity required of alternative energy electrical power systems to completely replace fossil fuels

      Title: Assessment of extra capacity required of alternative energy electrical power systems to completely replace fossil fuels Author: Prof. Simon Michaux, Geological Survey of Finland (GTK) Year: 2022

  4. Jun 2022
    1. Numerous studies have shown thatthe fiscal state’s rise in power made a major contribution to the pro-cess of economic development. The new receipts did in fact make itpossible to finance expenditures that proved indispensable not onlyfor reducing inequalities but also for encouraging growth. These ex-penditures included a massive and relatively egalitarian investmentin education and health care (or, at least, a much more massive andegalitarian investment than any previous); expansion of transporta-tion and other community infrastructure; the replacement income,such as retirement pensions, necessary for supporting an aging popu-lation; and reserves, such as unemployment insurance, for stabilizingthe economy and society in the event of a recession.1

      See especially P. Lindert, Growing Public: Social Spending and Economic Growth since the Eighteenth Century (Cambridge: Cambridge University Press, 2004).

      Ample evidence has shown that increasing taxes in Western countries along with the states' power to use it during the majority of the 1900s not only reduced inequalities but encouraged growth.



  5. Dec 2021
    1. Elsewhere, I have critiqued this ideology on the grounds that there are other stakeholders besides shareholders who, through the provision of capital or labor, make contributions to the business enterprise that help to generate future returns but without a guaranteed share of these returns.101 Through government investments and subsidies, taxpayers regularly pro-vide finance to companies without a guaranteed return. As risk bearers, therefore, taxpayers have a claim on corporate profits if and when they are generated. In addition, through the exercise of skill and effort beyond those levels required to lay claim to their current pay, workers regularly make productive contributions to the companies for which they work without a guaranteed return, but with an expectation of future profits in the forms of higher wages and benefits, more secure employment, and better work conditions. Confronting agency theory with what I call “in-novation theory,” I argue that sharing corporate profits with these other risk-bearers (taxpayers and workers) is essential not only for equitable distribution, but also for sustainable productivity gains that make higher standards of living possible.1

      william lazonick's 'innovation theory', an alternative to 'agency theory'/MSV which argues that if the logic justifying shareholder's rights to profits (they take on risk) is true, workers and taxpayers also have a right to profits

    2. employment generated by ongo-ing government spending, particularly on higher education, healthcare, advanced technology, and physical infrastructure (for example, the inter-state highway system), complemented the employment opportunities provided by the business sector.

      infrastructure and the resulting economic gains can only happen once

  6. Jan 2021
  7. Oct 2020
  8. Aug 2020
    1. moving from emissions to concentrations in the context of forecasting long-term economic growth, the likelihood that CO2 concentrations will exceed those assumed in RCP8.5 by 2100 is at least 35%

      This means that the CO2 emissions caused by use of fossile fuels should be understood as a component of all emissions caused by continued economic growth.

    1. Altig, D., Baker, S. R., Barrero, J. M., Bloom, N., Bunn, P., Chen, S., Davis, S. J., Leather, J., Meyer, B. H., Mihaylov, E., Mizen, P., Parker, N. B., Renault, T., Smietanka, P., & Thwaites, G. (2020). Economic Uncertainty Before and During the COVID-19 Pandemic (Working Paper No. 27418; Working Paper Series). National Bureau of Economic Research. https://doi.org/10.3386/w27418

  9. Jul 2020
  10. May 2020
  11. Aug 2018
    1. Nevertheless, the evidence suggests that social capital and social institutions are significant predictors of economic growth, after controlling for the effects of human capital and initial levels of income (Knack and Keefer 1997), (Knack 2002).4 So trust is a relevant dimension of social interactions that has been connected to individual dyads, network formation, labor markets, and even economic growth.