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.
The Economics of Happiness--A Review
The new documentary “The Economics of Happiness” draws attention to the ills of globalization in both the developing and developed world, and features a number of friends of Capital Institute, including Juliet Schor and Bill McKibben. The director, Helena Norberg-Hodge, a champion of the localization movement, is the founder and director of the International Society for Ecology and Culture. The film’s pro-localization message is a welcome counterpoint to the pro-globalization mantra we hear from most policymakers these days. However, the well-intentioned “relocalization” strategies that Norberg-Hodge highlights and promotes in this film are likely to provide neither the most effective nor the most realistic solutions in a world increasingly driven by the forces of globalism.
