Building resilience in an era of limits to growth
We are approaching many limits to growth over the next decades: Economic contraction, peak energy and geopolitical stress. Nicole Foss explains how the deflationary dynamics that always follow finance and property bubbles will rapidly impact individuals and communities, while the longer acting forces of peak oil and climate change will determine and limit the nature of any economic recovery. So how can we adapt?
This talk offers a profound understanding from the systems perspective of the current realities of finance and economics, and the serious predicament we are in. Here is the full audio recording of the talk, originally posted here, and it might be all that some readers need in order to absorb the excellent analysis in full:
For others, including me, the Foss talk has simply too many good arguments in such a rapid-fire stream of great points, with each requiring some considered reflection, that it is impossible to keep up with.
Each of the following sections of this article contains a far more digestible snippet of the audio, and a transcript to go with it. Together these should make it much easier to navigate, contemplate and absorb this great argument, piece by piece.
Good luck, and if you can manage to comprehend most of this rather sobering truth, you will be fully armed to engage in debate about the best way forward from here. Continue reading “Nicole Foss on Money and Financial Crises”