Tuesday, October 9, 2012

Capitalism walking tightrope of debt and oil-price, but global warming inexorable

Those who are managing the world capitalist system desperately want to de-leverage, but too much too soon causes massive unemployment and revolution. On the other hand, they cannot grow their way out, because energy has become too expensive. Meanwhile carbon emissions and climate disruption just keep rising.
Why we can't bank on recessions to keep global warming in check | Duncan Clark | Environment | guardian.co.uk: "Greenhouse gas emissions rise when economies expand but don't fall as quickly when recession strikes, according to new research that emphasises the risks of relying on economic downturns to keep future emissions in check."