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  1. Jan 2023
    1. Wealthy countries can create prosperity while using less materials and energy if they abandon economic growth as an objective.

      !- related to : Post Colonialist Unequal Exchange and drain - As per Jason Hickel et al article "Imperialist appropriation in the world economy: Drain from the global South through unequal exchange, 1990–2015" - https://hyp.is/go?url=https%3A%2F%2Fwww.sciencedirect.com%2Fscience%2Farticle%2Fpii%2FS095937802200005X&group=world

      !- Wealthy country degrowth : comment - From the findings of the related article above, the Global North has a very compelling responsibility to degrow AND to help the Global South develop within planetary boundaries. - This is all stated in the climate justice argument, but, as mentioned by Prof. Kevin Anderson in a passing comment, 100 billion is a drop in the bucket. Transfers will need to be in the trillions - Kevin Anderson talk: CO2 budgets 2022: Allocating Global Carbon Budgets to Nations - https://hyp.is/go?url=http%3A%2F%2Fdocdrop.org%2Fvideo%2F35-1n1ZowvM%2F&group=world - Still, the term degrowth is unpopular with mainstream economists. Perhaps a better strategy is to frame it as simultaneous degrowth of MATERIALISM of Global North countries but regrowth of NON-MATERIALIST wealth of Global North Economies and both MATERIALIST and NON-MATERIALIST growth of Global South countries.

    1. Using a modified version of Köhler’s method, recent research has found that in 2015 drain from the South through unequal exchange amounted to $2.1 trillion (constant 2011 dollars), represented in Northern prices (Hickel et al., 2021). Köhler’s proxy approach is limited in several respects, however. It relies on PPP figures that do not adequately account for the comparatively high prices of Northern exports; it relies on GDP figures that are affected by the low prices of imports from the South; and it compares Southern exports to prices across whole economies, rather than to those of only traded goods. All of this leads to underestimating the scale of drain (see Hickel et al., 2021).

      !- comment : recent history of calculating unequal exchange - The authors, particularly Hickel have tried to estimate the drain in the past using other techniques but the recent technique of EORA I/O tables proves to be the most accurate to date, revealing a true and larger figure that previous estimates

    2. JasonHickelabcPersonEnvelopeChristianDorningerdeHanspeterWielandfIntanSuwandig

      !- authors : Jason Hickel ; Christian Dorningerde ; Hans peter Wieland ; Intan Suwandi

  2. Jul 2022
    1. I suggest that the very term "free market" is a type of micro-ignorance because it conceals more than it reveals by purporting to reflect a phenomenon that has never existed and can never exist in actual economic reality. Of course we have never had a "free market", and more importantly, the largest imperialist super-powers of the modern age, and especially the US and UK, did not get rich through a "free market", but through different types of government interventionism and protectionism that have long benefited society’s richest groups, often at the expense of exploited workers across the world. This fact is both widely known and oddly ignored even today in economic theory and economic policy-making. In the book, I explore the history of economic thought over a 200-year period, from late enlightenment figures including Burke and Wollstonecraft in the 18th century, through classical liberals such as Tocqueville and Bastiat in the 19th century, through to 20th century figures such as Friedrich Hayek, to understand the ways that dominant economic theories of economic growth have obscured wider recognition of the role of governments in creating economic markets over modern history.

      Well worth exploring. Structural Inequality is built into the system, as Jason Hickel also argues in much of his research, particularly from the legacy of colonialism:


    1. First, our numbers have risen by 1.4 billion, nearly a hundred million per year. In other words, we’ve added another China or 40 more Canadas to the world. The growth rate has fallen slightly, but consumption of resources — from fossil fuel to water, from rare earths to good earth — has risen twice as steeply, roughly doubling our impact on nature. This outrunning of population by economic growth has lifted perhaps a billion of the poorest into the outskirts of the working class, mainly in China and India. Yet those in extreme poverty and hunger still number at least a billion. Meanwhile, the wealthiest billion — to which most North Americans and Europeans and many Asians now belong — devour an ever-growing share of natural capital. The commanding heights of this group, the billionaires’ club, has more than 2,200 members with a combined known worth nearing $10 trillion; this super-elite not only consumes at a rate never seen before but also deploys its wealth to influence government policy, media content, and key elections. Such, in a few words, is the shape of the human pyramid today.
    1. this is going to be a really critical year uh for public goods uh generation um and here at year i'm using 00:00:40 you know starting from now through the end of 2022 and the beginning of 2023. uh so what i'm going to go through is a case for why this year really matters and why this decade really matters in 00:00:53 the century

      Why is 2022 a critical year to fund projects that build the commons?

      From a scientific, commons and Stop Reset Go perspective, humanity now stands at the doorsteps of the Anthropocene and we as a species have collectively shaped the planet in a way that is harming many species on the globe, including our own.

      We are at a bifurcation point in human history, a fork in the road and the next few years will determine the course of humanity for the next thousands of years to come.

      The funneling of human resources to the few elites at the top leaves the majority of humanity little agency to determine our own future and carbon emissions are also related to structural inequality: https://hyp.is/go?url=https%3A%2F%2Fwww.oxfam.org%2Fen%2Fpress-releases%2Fcarbon-emissions-richest-1-percent-more-double-emissions-poorest-half-humanity&group=world

      See Jason Hickel's arguments against the overly optimistic story that Neoliberal capitalism has alleviated poverty. Hickel finds the opposite when critical analysis is applied to the rosy claims that Steven Pinker and Bill Gates make: https://hyp.is/go?url=https%3A%2F%2Fjacobin.com%2F2019%2F02%2Fsteven-pinker-global-poverty-neoliberalism-progress&group=vnpq69nW

      Funding projects in the commons counters the wealth of elites, a trend that is counter to planetary health because it continues degrading the environment through carbon inequality:


      and wealth inequality.

  3. Oct 2020