Friday, 8 June 2018

Abundance or Scarcity. more with less or less with more?

on June 7, 2018 at 3:58 am said:

"Solutions for an “abundance economy” aren’t going to help us as we enter an age of scarcity."

I would like to see the evidence regarding Material scarcity. Regarding Peak Energy, we are still at a high level of output although the expense EROEI for the historically very cheap Oil extraction is clear in the evidence from SEEDS.

On Output generally I think there is an Abundance but we have a distribution and accounting problem.

These I have suggested can be tackled in the following stages.
The problems in Political Economy as it stands presently and the question of future Political Economy based upon future Energy realities are I think helpfully separated which is something Prof. David MacKay is very successful with, in his presentation of the question.
The Problems are only weakly related with respect to future solutions and breaking the process into 3 parts is useful rather than lumping them all together. It is clear that the existing Form of Market economy and political economy is not able to solve the problem at stage 3 ( I.E Post 2050 post-Oil Economy)

Stage 1 requires a reform of the existing paradigm which involves facing up to the broken debt-based money system. Pension provision, the sovereign debt crisis and Public debt crisis are all addressable and will see improvements even within the deteriorating Cost of energy inputs as a share of output. We could call this stage lets fix what we know is not working.

Stage 2 covers the Post Financialised ( Big Bang Experiment) period to the oil running out in 2050.
This requires a much more long-term investment horizon and complicating the energy mix by overstating the ”Climate Change question** seems to be counterproductive, again I like the way Prof David Mackay dealt with the question including stating the necessities of **Clean Coal and Nuclear”. In this stage, we will be implementing ideas previously barred due to the denial inherent in clinging to a failing system.

Stage 3 Post 2050, This part is much easier than Stage 2 and stage 1, in my opinion, the myth-busting and leveling out inherent in solving the political problems at stage 1 and the challenge to vested interests in stage 2 are by far and away the largest obstacles to getting down to Brass tacks in my opinion.


The Earth Is Greening our distribution model under capitalism prioritises Profit and not minimising Waste or maximising resource use.

A Speech by Mary Elizabeth Lease (circa 1890)

This is a nation of inconsistencies. The Puritans fleeing from oppression became oppressors. We fought England for our liberty and put chains on four million of blacks. We wiped out slavery and our tariff laws and national banks began a system of white wage slavery worse than the first. Wall Street owns the country. It is no longer a government of the people, by the people, and for the people, but a government of Wall Street, by Wall Street, and for Wall Street. The great common people of this country are slaves, and monopoly is the master. The West and South are bound and prostrate before the manufacturing East. Money rules, and our Vice-President is a London banker. Our laws are the output of a system which clothes rascals in robes and honesty in rags. The [political] parties lie to us and the political speakers mislead us. We were told two years ago to go to work and raise a big crop, that was all we needed. We went to work and plowed and planted; the rains fell, the sun shone, nature smiled, and we raised the big crop that they told us to; and what came of it? Eight-cent corn, ten-cent oats, two-cent beef and no price at all for butter and eggs-that's what came of it. The politicians said we suffered from overproduction. Overproduction, when 10,000 little children, so statistics tell us, starve to death every year in the United States, and over 100,000 shopgirls in New York are forced to sell their virtue for the bread their niggardly wages deny them... We want money, land and transportation. We want the abolition of the National Banks, and we want the power to make loans direct from the government. We want the foreclosure system wiped out... We will stand by our homes and stay by our fireside by force if necessary, and we will not pay our debts to the loan-shark companies until the government pays its debts to us. The people are at bay; let the bloodhounds of money who dogged us thus far beware.

Who hasn’t experienced the following? Just the other day
it happened to me! Just like any other weekend, I went
to the supermarket to replenish my empty pantry and as
always, I made the mandatory stop at the fresh produce
section, where I placed some tomatoes in one of those
little plastic bags that you tear from a dispenser. As
always, I went to one of those electronic scales full of
those colourful figures that represent the different
produce: I put the bag on the scale and pushed the key
with the little tomato on it. And oh my God, the
following message appeared on the screen! “Error: This
scale has run out of grams. Please excuse the
inconvenience”. What a pain and just at the worst
moment! But then again, we all know that given the
times, grams are scarce…
However and after enquiring, I was relieved as I learnt
that had I weighed my tomatoes on that scale, I would
have had to leave almost a whole tomato as compensation
for the use of the grams. But then again, if grams are
scarce, it is only natural that we pay for them, right?


More Expensive energy Production is a problem that is awaiting a solution and solutions are abundant. The present profit and loss methodology of analysing and prioritising decisions on Money based metrics do not help in seeing the problem and is absolutely of no use what so ever in solving it.