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Monday, May 29, 2017

Economic reality check with Professor Tim Jackson

Posted by steve on October 26, 2011

The economic system we have is incapable of delivering the transition to a zero or negative carbon system we need, says professor Tim Jackson.
The system pulls economic resources through the system.  If we not buy the system crashes, but if it continues we are in debt with a degraded environment. This is about  people being persuaded to spend  money they do not have, to buy things they do not need that create impressions that do not last on people they do not care about.
So people want to save. But it would be better if we spend. It is the system that creates these paradoxes.
Creating systemic changes, like introduction of flexible emissions fees, is badly needed. Read more on the latest view of flexible fees.