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	<title>Financial Crisis Aftermath &#187; Richard Heinberg</title>
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	<description>Adapting to the New Normal</description>
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		<title>The Transition to a Sustainable Lifestyle</title>
		<link>http://financialcrisisaftermath.com/transition-scenario/the-transition-to-a-sustainable-lifestyle/</link>
		<comments>http://financialcrisisaftermath.com/transition-scenario/the-transition-to-a-sustainable-lifestyle/#comments</comments>
		<pubDate>Tue, 20 Oct 2009 11:57:15 +0000</pubDate>
		<dc:creator>Myke</dc:creator>
				<category><![CDATA[Transition Scenario]]></category>
		<category><![CDATA[Consumerism]]></category>
		<category><![CDATA[environmental preservation]]></category>
		<category><![CDATA[food security]]></category>
		<category><![CDATA[local economic development]]></category>
		<category><![CDATA[local food]]></category>
		<category><![CDATA[Richard Heinberg]]></category>
		<category><![CDATA[transition strategy]]></category>
		<category><![CDATA[unsustainable consumption]]></category>

		<guid isPermaLink="false">http://financialcrisisaftermath.com/?p=18</guid>
		<description><![CDATA[Richard Heinberg describes the growing awareness that the American way of life – I&#8217;d call it unsustainable consumption – is dysfunctional. These leaders of the transition are growing food locally, investing in local economies, rebuilding skills, and preserving local ecosystems. Link: MuseLetter #204 / April 2009: Post Carbon Institute Manifesto &#8211; The Time For Change Has [...]]]></description>
			<content:encoded><![CDATA[<p></p><p><strong><span style="color: #0000ff;">Richard Heinberg describes the growing awareness that the American way of life – I&#8217;d call it unsustainable consumption – is dysfunctional. These leaders of the transition are growing food locally, investing in local economies, rebuilding skills, and preserving local ecosystems.</span></strong></p>
<p>Link: <a href="http://www.richardheinberg.com/museletter/204" target="_self">MuseLetter #204 / April 2009: Post Carbon Institute Manifesto &#8211; The Time For Change Has Come</a></p>
<blockquote><p>The winds of social change are upon us. Consumerism as we&#8217;ve known it is at death&#8217;s door—not because everyone has joined the Sierra Club, but because suddenly nobody can afford to buy much of anything. Our new historical moment requires different thinking and strategies, but it also opens new opportunities to solve some very practical problems. Ideas from the environmentalist community that for decades have been derided by economists and politicians—reducing consumption, re-localizing economic activity, building self-sufficiency—are suddenly being taken seriously, and people want to know more about them.</p>
<p><span style="background-color: #ffff99;">Quietly, a small but growing movement of engaged citizens, community groups, businesses, and elected officials has begun the transition to a post-carbon world. These early actors have worked to reduce consumption, produce local food and energy, invest in local economies, rebuild skills, and preserve local ecosystems. For some citizens, this effort has merely entailed planting a garden, riding a bike to work, or no longer buying from &#8220;big-box&#8221; stores. </span>Their motivations are diverse, including halting climate change, environmental preservation, food security, and local economic development. The essence of these efforts, however, is the same: they all recognize that the world is changing, and the old way of doing things, based on the idea that consumption can and should continue to grow indefinitely, no longer works.<span id="more-18"></span></p>
<p>Alone, these efforts are not nearly enough. But taken together, they can point the way towards a new economy. This new economy would not be a &#8220;free market&#8221; but a &#8220;real market,&#8221; much like the one famed economist Adam Smith originally envisioned; it would be, as author David Korten has said, an economy driven by Main Street and not Wall Street.</p>
<p>Thus far, most of these efforts have been made voluntarily by exceptional individuals who were quick to understand the crisis we face. But as the collapse unfolds, more and more people will be searching for ways to meet even basic needs. <span style="background-color: #ffff99;">Families reliant on supermarkets with globe-spanning supply chains will need to turn more to local farmers and their own gardens. Many corporations—unable to provide a continuous return on investment or to rely on cheap energy and natural resources to turn a profit—will fail, while local businesses and cooperatives of all kinds will flourish.</span> Local governments facing declining tax revenues will be desperate to find cheap, low-energy ways to support basic public services like water treatment, public transportation, and emergency services.</p>
<p>What we need now are clarity, leadership, coordination, and collaboration. With shared purpose and a clear understanding of both the challenges and the solutions, we <strong><em>can</em></strong> manage the transition to a sustainable, equitable, post-carbon world.</p>
<p>Elements of a transition strategy have been proposed for decades, with few notable results. Usually these have been presented as independent—sometimes even contradictory—solutions to the problems created by fossil fuel dependency and consumerism. Now that business-as-usual is ceasing to be an option for mainstream society, these strategies need to be re-thought and re-articulated coherently, and to <strong><em>become the mainstream</em></strong>. But this will require coordinated effort on the part of those who understand both the problems and the solutions.</p></blockquote>
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		<title>When Will the Unwinding Occur?</title>
		<link>http://financialcrisisaftermath.com/the-instability-scenario/when-will-the-unwinding-occur/</link>
		<comments>http://financialcrisisaftermath.com/the-instability-scenario/when-will-the-unwinding-occur/#comments</comments>
		<pubDate>Sat, 18 Apr 2009 22:57:50 +0000</pubDate>
		<dc:creator>Myke</dc:creator>
				<category><![CDATA[The Instability Scenario]]></category>
		<category><![CDATA[MuseLetter]]></category>
		<category><![CDATA[Post Carbon Manifesto]]></category>
		<category><![CDATA[Richard Heinberg]]></category>

		<guid isPermaLink="false">http://financialcrisisaftermath.com/?p=12</guid>
		<description><![CDATA[Here&#8217;s Richard Heinberg&#8217;s view of  of the events that will lead to the Unwinding (written in April 2009). He emphasises that the window for crisis prevention is closing and crisis management will be the only rational response remaining. Link: MuseLetter #204 / April 2009: Timing and the Post Carbon Manifesto Maybe Geithner and Bernanke can pull [...]]]></description>
			<content:encoded><![CDATA[<p></p><p><strong><span style="color: #0000ff;">Here&#8217;s Richard Heinberg&#8217;s view of  of the events that will lead to the Unwinding (written in April 2009). He emphasises that the window for crisis prevention is closing and crisis management will be the only rational response remaining.</span></strong></p>
<p>Link: <a href="http://www.richardheinberg.com/museletter/204" target="_self">MuseLetter #204 / April 2009: Timing and the Post Carbon Manifesto </a></p>
<blockquote><p>Maybe Geithner and Bernanke can pull off a miracle and stabilize the economy. In that case, with energy demand having fallen so far below its level of just a year ago, it might take as long as five years from no—who knows, maybe even seven—for depletion and decline to cause oil prices to spike again, giving the economy the <em>coup de grace</em>. At that point, there can indeed be no recovery, only adaptation. That&#8217;s the best-case scenario I can imagine (in terms of preserving the <em>status quo</em>).</p>
<p>But I have a hard time picturing that. A much more likely scenario, in my view: We will see a few months of fairly gradual economic deterioration (slowed by the mighty efforts of the Bailout Brigade), followed by a truly ugly global economic meltdown. The result will be a general level of economic activity much lower than the world is accustomed to. Efforts to right the ship will include protectionist legislation (that will provoke international confrontations), the convening of world leaders to create a new global currency and financial system (which probably won&#8217;t succeed, at least not the first time around), and various populist uprisings that will lead to political instability around the globe. Energy demand will remain low, but energy production will fall dramatically due to lack of investment. Carbon emissions will therefore fall too, so the world&#8217;s attention will be diverted from tackling the greenhouse gas issue, even though climate impacts from previous carbon emissions will continue to worsen.</p>
<p>But here&#8217;s the crux of the matter: unlike the situation the world faced in the 1970s, there is no prospect for another cheap-energy bounce this time. It&#8217;s too late to muddle. We have run out the clock on proactive adaptation. From now on, collective survival will hinge on the strategies we adopt for emergency response. Some strategies will make matters worse, while others will lay the groundwork for better times to come. This is what it has come to. One doesn&#8217;t wish to sound shrill, but there it is.</p>
<p>The closer we have gotten to the crunch, the smaller the margin of error in predicting it. There really isn&#8217;t that much difference between Porritt&#8217;s most pessimistic date for catastrophe (2020) and my most wide-eyed optimistic one (2016). But perhaps the closer we get to the event horizon, the less discussions over timing really matter, because the whole conversation makes sense only as a way of motivating coordinated action <em>prior to the crunch. </em><span style="background-color: #ffff00;">Once the unwinding has begun, no more preparation is possible. Our strategy must change from crisis prevention to crisis management.</span></p>
<p>That&#8217;s where we are right now, in my view.</p>
<p>So what we desperately need to be talking about are ways to manage crisis that will minimize human suffering while preserving the environment and laying the groundwork for a sustainable way of life for future generations.</p>
<p>It&#8217;s a new conversation, so it will take a while to re-orient ourselves to it. But let&#8217;s not take too long. One thing we can say about the timing that I think just about everyone would agree with: it&#8217;s speeding up.</p></blockquote>
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