Bill McKibben
Financial Overshoot
Submitted by Dan Thompson on Mon, 07/23/2012 - 5:46pm- Big Choice
- Big Choice
- Bill McKibben
- Bill McKibben
- Carbon Tracker
- Carbon Tracker
- Ecological Footprint
- Ecological Footprint
- Ecological Overshoot
- Ecological Overshoot
- Global Footprint Network
- Global Footprint Network
- Herman Daly
- Herman Daly
- Ponzi Scheme
- Ponzi Scheme
- Potsdam Institute
- Potsdam Institute
- Rolling Stone
- Rolling Stone
Author:
John Fullerton
Last week, I gave a talk to the Missouri Association of Public Employee Retirement Systems annual meeting. This was the first time I presented my developing thesis of financial overshoot, which arithmetically accompanies ecological overshoot unless we manage to decouple economic growth from material resource throughput in the economy, the Hail Mary pass of all time.
The implications are not comforting for investors, especially for pension funds which have plenty of problems already with underfunded pension plans in a climate of financial repression caused by zero interest rates and economic stagnation.
Freedom
Submitted by John Fullerton on Mon, 08/29/2011 - 5:08pm
Author:
John Fullerton
Forty eight years ago this Sunday, the Rev. Dr. Martin Luther King Jr. began his famous “I have a Dream” speech on the steps of the Lincoln Memorial by proclaiming it, “the greatest demonstration for freedom in the history of our nation.” And it was.
While the struggle for freedom has made progress since that historic gathering, it remains unfinished business. On that day, Dr. King spoke of two types of freedom – one from “the chains of discrimination” and one from living on “a lonely island of poverty in the midst of a vast ocean of material prosperity.” Somehow his first message has been taken to heart while his second has been forgotten.
