Richard Heinberg Chris Martenson Mar 20, 2014
Buy the book This is a transcript of a conversation between Post Carbon Fellows Chris Martenson and Richard Heinberg, recorded for the Peak Prosperity podcast. Listen to the interview here. … >>
Our current global economic system has to grow in order to remain healthy — that's simply the way it is designed. But unending growth is not compatible with a finite planet, and even growth in the "knowledge" and "service" economies involves the use of non-renewable resources. Institutionalized perpetual growth together with an exponentially-growing global population is a recipe for disaster.
Fortunately, there are ways to reform our economic system peacefully if there is enough political will. Political goals can be changed to prioritize social well-being instead of the sheer growth of economic activity. Governments can stop allowing the negative consequences ("externalities") of economic activities to be separated from prices and borne by the public at large. With such "economics as if people mattered," basic economic activities become more localized, bringing better local jobs and more socially and environmentally responsible business practices.
Richard Heinberg speaks on his newest book Snake Oil: How Fracking’s False Promise of Plenty Imperils Our Future, covering the short-term nature of the recent North American oil boom and the financial bubble that supports it. Heinberg covers the implications of the 2016-2017 peak in unconventional output by providing essential information for any community facing the false promises of companies planning to extract reality.
Event Partners Included: Village Vancouver, Post Carbon Institute and the UBC Sustainability Initiative. Recorded 25 February, 2014.