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Economics

Opinion - Off the Pedestal: Creating a New Vision of Economic Growth

by James Gustave Speth - e360.yale.edu - May 31, 2011

The idea of economic growth as an unquestioned force for good is ingrained in the American psyche. But a longtime environmental leader argues it’s time for the U.S. to reinvent its economy into one that focuses on sustaining communities, family life, and the natural world.

Is anything in America more faithfully followed than economic growth? Its movements are constantly watched, measured to the decimal place, deplored or praised, diagnosed as weak or judged healthy and vigorous. Newspapers, magazines, and cable channels report endlessly on it. Promoting growth may be the most widely shared and robust cause in the United States today.

If the growth imperative dominates U.S. political and economic life, what happens when growth hits some serious stumbling blocks?

When I was in school in England, the dean of my college told us when we first arrived that we could walk on the grass in the courtyard — but not across it. That helped me love the English and their language. Here is another creative use of prepositions: there are limits to growth, and there are limits of growth.

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IT and Information Sharing Environments for Community Health Resilience

Information Technology (IT) and Information Sharing Environments (ISEs) are crucial to the evolution of community health resilience.  Most people working to improve community health resilience do not understand the nuances of Information Sharing Environments, and how the rapid shifts in IT, mobile devices, social media, cloud computing, peer to peer parallel processing, smart grids, and the linking of millions of people, mobile devices, computers, and sensors are creating a societal mind, which is transforming community health resilience and the health and human security of Americans.

If you have thoughts on these topics, please comment within this collaboratory thread.

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Robert Kuttner: Can Europe Be Spared Cascading Collapse?

The failure of the European authorities to arrest the speculative run on Greek bonds and the sense of inevitable wider collapse reminds me of the diplomatic failures that led to World War I.

In the summer of 1914, myopic bluffing by Europe's key leaders produced a catastrophe that nobody wanted. It began in Serbia, a small nationalistic province of a decaying Austro-Hungarian empire, but the conflagration soon spread to all of Europe like a chain of firecrackers. No leader was farsighted enough to grasp the wider common stakes and head off disaster. Each pursued only narrow self-interest.

Jeremy Rifkin: The Third Industrial Revolution: Toward a New Economic Paradigm

 

Our industrial civilization is at a crossroads. Oil and the other fossil fuel energies that make up the industrial way of life are sunsetting, and the technologies made from and propelled by these energies are antiquated. The entire industrial infrastructure built off of fossil fuels is aging and in disrepair. The result is that unemployment is rising to dangerous levels all over the world. Governments, businesses and consumers are awash in debt and living standards are plummeting everywhere. A record one billion human beings--nearly one seventh of the human race--face hunger and starvation.

By 2030 China's Economy Could Loom as Large as America's in the 1970s

The Economist - September 9, 2011

Global Economic Dominance - Spheres of Influence

       

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The Economics of Rapidly Emerging Cities

As the human populations of our small planet exceeds 7 billion on its way potentially to 9 million or 10 billion by the mid-21st Century, migrations of millions are becoming common place -- some out of desperation, others out of seeking opportunity and a better life.  According to a large percentage of climatologists and other scientists that are studying global change, the social ecologies of many large cities will become non-viable for their human populations and many other species due to climate change, the drying up of water supplies, the lose of food sources, natural disasters, wars, and other factors.  In other cases, new cities of opportunity or attractive culture will draws those seeking a better life and way of being.  

Tens of millions, and perhaps hundreds of millions will be forced to leave their homes in search of more viable communities.  Millions more will create new communities with intentionality, exploring new economic, social, and political models that improve health, human security, resilience and sustainability for the new citizens.  In some cases, simple shared principles will shape new, fast growing economies, and, in other cases, rules and conditions will be imposed on inhabitants of new communities and cities.

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When Capitalism Converges With Resilience

It is hard to argue against that fact that the U.S. and even "Communist" China, for that matter, have great influence in global markets and on health and human security -- for their own people as well as human populations world-wide. The power of capital within global, regional, national, and local markets has been transforming the world since the growth of the industrial revolution, which has only accelerated since the broad introduction of global communication and computing in the 20th century. That said, there has been growing criticism of the destructive nature of market fundamentalism and laissez faire economics in the face of a growing awareness of ecosystem carrying capacities, and the problems inherent in growth economies in decline.  So what happens when capitalists become aware of the destructive nature of growth economies, where populations are exceeding the carrying capacities of ecosystems and mass consumption economies begin to collapse?

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Video - The Israëli Awakening?!

submitted by Theresa Bernardo

YouTube - uploaded by jeaunkes - August 3, 2011

An Israeli girl starts a peaceful protest of the high cost of living, with Facebook and a tent.

http://www.youtube.com/watch?feature=player_embedded&v=Yj-Uo5mpAD0

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Apple Pips Exxon as World's Biggest Company

 guardian.co.uk - August 9, 2011

      

Apple chief Steve Jobs unveils the second generation iPad. Sales of the tablet last quarter were three times the sales in its first three months. Photograph: Kimihiro Hoshino/AFP/Getty Images

Stock market turmoil in Wall Street has helped Apple pip oil group Exxon to become the world's most valuable company.

The tech company has been closing in on Exxon for some time and was "just" $50bn (£30bn) away from taking the lead when it reported yet another quarter of record-breaking earnings on 19 July.

As the US stock markets bounced back from last week's crash the tech firm overtook Exxon with a market value of $337bn compared to ExxonMobil's $334bn. Exxon could easily slip back into the lead if the recent fears for the global economy subside but the gap is so close that the two look certain to be battling it out for some time.

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