The interplay between energy and money will be the underlying factor behind the biggest stories of the next decade. While easily accessible energy has created a massive financial bubble on the way up Hubbert's curve, the primary agent on the way down will be unraveling financial complexities built up over the last 60 years. Surviving in this new world will require a radically different idea about how money can operate in localized units of economic exchange. Can ideas like liquidity networks help us survive in this new age of emergency?
In Extraenvironmentalist #17 we speak with Richard Douthwaite about the collection of essays he co-edited on the coming financial storm, Fleeing Vesuvius. Richard is an author of many books on the fallacies of economic growth, co-founder of the Foundation for the Economics of Sustainability (FEASTA) and a Fellow of the Post Carbon Institute. Richard explains how his educational background in economics stifled his worldview for a many years and the effect The Limits to Growth had on changing his mind about the ways in which modern economics are practiced. We discuss why entrepreneurs are worshiped by economic leaders, the promise of liquidity networks for reforming currency dynamics, the ability for energy bonds to revolutionize community energy projects and the effect of introducing new technologies into an economic system.
Also in XE #17 we respond to listener feedback, play a fantastic voicemail from a dedicated listener on ethanol subsidies and throw our endorsement behind an upcoming film about youth fighting for climate justice: you can support Just Do It via their IndieGoGo project.
// Music (in order of appearance)
Mr. Little Jeans - The Suburbs (Arcade Fire Cover) via The Music Ninja
ceo - Halo (Beyonce Cover) viaPretty Much Amazing
Daytona Beach - Loud Valley via Zen Tapes
Toro y Moi - New Beat (Fare Soldi "Canatu" Remix) via Harder Blogger Faster
inc - Swear viaGorilla vs. Bear
Justin incorrectly refers to Richard Blume, he means David Blume's alcohol economy
Original post on July 1st had the wrong audio file