Steep Decline: Douthwaite on the Economy November 18, 2009
Posted by Graham in : General , trackbackThanks to Tom for sending me the link to this essential reading from Ireland’s premier green economist Richard Douthwaite in Construct Ireland Magazine.
Douthwaite explains the state of the world and Irish economy with reference to the housing bubble and declining fossil energy reserves. The predictions are fairly grim- stop paying into a pension, they wont deliver; if there is a slight respite in the general decline, choose your moment to sell any assets; but be aware that any such “upturn” will send fuel prices spiralling.
Quoting the also essential Orlov Douthwaite presents a sober and realistic view of our current economic predicament and sends out a clear message to our political leaders and commentators: forget about “green shoots”, we are at a turning point in history and in the future will have to get used to a continually declining standard of living.
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