Archive for July 2014

Economists say solution to problems is more of the same   Leave a comment

Systemic Disorder

Neoliberalism is dead! Long live neoliberalism! Such is the contradictory message given by the OECD in its report on the global economy’s next 50 years.

Seemingly intent on providing yet more evidence that orthodox economics is a service for the one percent rather than a science, the report’s prescriptions are a mix of advocacy of more of the same policies that have brought the world to its present crisis with mild reforms that would be in direct opposition to the logical outcomes of those same policies and contradict the interests of the corporate beneficiaries of those policies.

The paper, “Policy Challenges for the Next 50 Years,” published by the OECD (the Organisation for Economic Co-operation and Development, a club of the the world’s most developed countries along with a few large developing countries), carries the caveat that it does not necessarily reflect the view of OECD member countries…

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Posted July 22, 2014 by Gaia Will Prevail in Uncategorized

Financiers seek to have fondest dreams come true through own secret trade deal   Leave a comment

Systemic Disorder

The financial industry has grown ever more powerful in recent decades, so perhaps the world’s governments believe it is only fitting that it has its own secret treaty. Similar to “free trade” agreements that curtail regulation of manufacturers, the Trade In Services Agreement’s Financial Services Annex, if passed, would eliminate the ability of governments to regulate the financial industry.

Incredible as it sounds, the annex, being negotiated in secret among 50 countries with continuing advice from lobbyists, would require signatory governments to allow any corporation that offers a “financial service” — that includes insurance as well as all forms of trading and speculation — to expand operations at will and would prohibit new financial regulations.

The driver of this offensive is the “investor-state dispute mechanism.” Deceptively bland-sounding, the “mechanism” is secret tribunals controlled by corporate lawyers that are commonly used under “free trade” agreements. Corporate executives angered because…

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Posted July 14, 2014 by Gaia Will Prevail in Uncategorized

Radioactive Wastelands at the End of the Anthropocene   Leave a comment

Collapse of Industrial Civilization

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A History of Cover-Ups and Ineptitude Leads to Catastrophe

One of the most costly, self-inflicted wounds engineered by techno-capitalist man is the never-ending Fukushima nuclear disaster. The groundwork for epic failure at the Fukushima Daiichi nuclear power plant began in the 1960’s when TEPCO bulldozed 25 meters off of a 35-meter-high hill in order to facilitate the delivery and set up of the plant’s large equipment, which was delivered by boat, as well as to provide easier and cheaper access to seawater used as a coolant pumped through the reactors. TEPCO then dug even further downward another 14 feet to construct the basement where emergency diesel generators would be installed. Decades later a tsunami would easily flood this area, knocking out the emergency electrical back-up generator and making nuclear meltdown a certainty.

Snap 2014-06-13 at 08.48.20In the early 1970’s, several memos circulated within the U.S. Atomic Energy Commission (AEC) expressing concern over design flaws of the Mark I nuclear reactors made by General Electric, the same…

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Posted July 14, 2014 by Gaia Will Prevail in Uncategorized

Staying in the environmental frying pan only gets us hotter   Leave a comment

“Putting the environment first in a capitalist economy is not realistic, and doing so anyway would be very costly due to capitalist dynamics.”

Systemic Disorder

Green capitalism is destined to fail: You can’t keep doing the same thing and expect different results. We can’t shop our way out of global warming nor are there technological magic wands that will save us. There is no alternative to a dramatic change in the organization of the global economy and consumption patterns.

Such a change will not come without costs — but the costs of doing nothing, of allowing global warming to precede is far greater. Therefore it is healthy to approach with a dose of skepticism the Intergovernmental Panel on Climate Change (IPCC) report that concludes the annual reduction in “consumption growth” on a global basis would be only 0.06 percent during the course of the 21st century. Almost nothing!

Wahiba Sands, Oman (Photo by Andries Oudshoorn) Wahiba Sands, Oman (Photo by Andries Oudshoorn)

The “Summary for Policymakers” supplement of the IPCC’s Climate Change 2014: Mitigation of Climate Change report, a dense 33-page document…

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Posted July 4, 2014 by Gaia Will Prevail in Uncategorized