Saturday, June 20, 2015

Growing, Growing, Gone!

Growing, Growing, Gone:  Reaching the Limits.  Some interesting quotes from an interview of Dennis Meadows, one of the authors of the study of “The Limits Of Growth”.    

"Continual physical growth of population and economic activity eventually reaches the point where the globe simply cannot accommodate anymore. Biophysical systems press back, whether through disease, scarcity, climate, or other response mechanisms. These pressures are danger signals, indicating overshoot of some aspect of the planet’s physical limits."       

“The economics profession is based on the assumption that continual growth is possible and desirable. Likewise, most politicians have a predisposition for growth because it makes the problems they address—unemployment, poverty, diminished tax bases—more tractable. Instead of having to divide a fixed pie, which gets you in trouble with some constituents, you can grow the pie so that nobody has to make a sacrifice or compromise. So there was—and is—a set of vested interests in the notion of growth.“

“White water rafting provides a useful analogy here. When you are going down the river, most of the time it is placid, but every once in a while, you hit the rapids. When it is placid, you can sit back and think where you want to be, how you should time your journey, where you want to stop for lunch, etc. When you are in the rapids, you focus on the moment, desperately trying to keep your boat upright until you return to quiet waters. During the placid moments, it is very useful to have a discussion about where you want to be tomorrow or the day after. When you are in the rapids, you don’t have the luxury of that kind of discussion. You are trying to survive. Our society has moved into the rapids phase.”

“ Conventional oil production peaked around 2006. Unconventional oil production, e.g., fracking and tar sands, has continued some degree of growth, but it is a totally different matter. Conventional oil is inexpensive and yields a relatively high energy return on investment. Unconventionals don’t do that. They are expensive, and the net energy return on investment is quite low.”

“When you don’t have conventional energy sources like oil, you cannot sustain the kind of economic growth rates that we have seen in the past. As a practical matter, then, there is now very little real wealth generation. Most of the economic activity these days consists of those who have more power getting richer by taking away from those with less. This is why we see widening gaps between rich and poor.”

“Many of the futures, including some of Tellus’s, presume large-scale energy consumption of one kind or another. It is energy intensive to coordinate and motivate large assemblies of people and organizations. Absent abundant, cheap energy, this becomes more difficult. I expect that the trend towards global integration is going to stop and then start to recede.”

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