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Will NZ be the 1st country to evolve a steady state economy?

Discussions about the economic and financial ramifications of PEAK OIL

Re: Will NZ be the 1st country to evolve a steady state econ

Postby Serial_Worrier » Sun 15 Jan 2012, 21:26:53

$this->bbcode_second_pass_quote('kiwichick', 'a')gent r 11

nz is already producing 70% of it's electricity from renewables and aiming for 100%

they can easily go to 100% with more geothermal and adding wave or solar

one of nz's biggest assets is that it is hundreds of kilometres from the nearest land

however it's economy has a large % of tourism in it and that will collapse


NZ is not sustainable in terms of having a modern industrial society without trading for raw materials. However if you mean NZ going back to an 18th century society, then yeah.
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Re: Will NZ be the 1st country to evolve a steady state econ

Postby kiwichick » Mon 16 Jan 2012, 04:23:43

who is sustainable in the 1st world without trade?

i believe most countries will only be sustainable at lower population levels

for nz maybe 1 million (approx 22% of current population)
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Re: Will NZ be the 1st country to evolve a steady state econ

Postby prajeshbhat » Mon 16 Jan 2012, 06:57:59

$this->bbcode_second_pass_quote('kiwichick', 'i') believe most countries will only be sustainable at lower population levels

for nz maybe 1 million (approx 22% of current population)


Higher population doesn't automatically mean higher resource consumption. It depends on your foot print. Most third world countries have very high population density. But their resource consumption is low. In Mumbai city alone there are 12 million people. Mumbai also has a reported GDP of $209 billion. That's $ 17416.66 per capita. Or half the per capita GDP of New Zealand.

According to reports 55% of the population lives in slums. That's around 6.6 million people. That's more than the entire population of NZ. 8O :shock: .But they survive.

So the point is, there is no reason to imagine a Die-off in New Zealand. If a majority of Kiwis live with a footprint of an average Mumbaiker, you can accommodate a lot more people. But it's not going to be pretty.
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Re: Will NZ be the 1st country to evolve a steady state econ

Postby Mesuge » Tue 17 Jan 2012, 10:09:03

"Greenparty" means a lot of different things in many places, e.g. in the US it's almost an anti establishment party, contrasting that with many places in Europe, where they sit in government/parliament as subservient lackies for various NATO bombardments, embargoes on foreign civilians and what have you. Not familiar with the Aussie/NZ situation that much, given the fact several prime time channels ran PO and cheap energy crash related programmes, it could be marginally better over there in terms of societal thermometer gauge not completely broken beyond repair..
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Re: Will NZ be the 1st country to evolve a steady state econ

Postby kiwichick » Tue 17 Jan 2012, 23:47:43

prajeshbhat

i don't think too many kiwi's want to live in a slum


tech advances mean continuing reduction in the demand for manual labour

therefore we don't need as many people

which will be handy as we live on a planet with a limited amount of resources,
something i suspect you have noticed in india
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Re: Will NZ be the 1st country to evolve a steady state econ

Postby prajeshbhat » Wed 18 Jan 2012, 02:35:14

Ironically resource constraints doesn't lead to voluntary population control. Poor people tend to have a lot of children. It's a vicious circle.
Check out the countries with highest population growth rates.


# 1 Zimbabwe: 4.31 %
# 2 Niger: 3.643 %
# 3 Uganda: 3.576 %
# 4 Turks and Caicos Islands: 3.485 %
# 5 Burundi: 3.462 %
# 6 Gaza Strip: 3.422 %
# 7 United Arab Emirates: 3.282 %
# 8 Ethiopia: 3.194 %
# 9 Burkina Faso: 3.085 %
# 10 Zambia: 3.062 %

Right now the population is declining in or slowing down in OECD nations. It would be interesting to see what happens if a few 1st world countries slip into 3rd world status. Will it lead to a second population explosion? Like I said, it's not going to be pretty.
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Re: Will NZ be the 1st country to evolve a steady state econ

Postby ROCKMAN » Wed 02 Apr 2014, 08:30:06

Apparently even the green-as-can-be kiwis have a growing appetite for oil…156,000 sq. miles of leases. Steady (state) as she goes:

New Zealand Energy and Resources Minister Simon Bridges launched Wednesday the country's third annual Block Offer for oil and gas exploration, comprising eight onshore and offshore release areas, according to an announcement posted on the official website of the New Zealand Government. The blocks - covering a total of 156,371 square miles (405,000 square kilometers) - available for bidding in 2014 includes three onshore blocks in the East Coast Basin, Taranaki Basin and West Coast Basin, while the offshore blocks on offer are in the Reinga-Northland Basin, Taranaki Basin, New Caledonia Basin, Pegasus-East Coast Basin, and Great South-Canterbury Basin. "This year's Block Offer is supported by comprehensive data pack, which includes some previously unavailable data.
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Re: Will NZ be the 1st country to evolve a steady state econ

Postby Graeme » Wed 02 Apr 2014, 20:14:58

I'd like to review briefly what a steady state economy means according to wiki.

$this->bbcode_second_pass_quote('', 'A') steady state economy is an economy of relatively stable size. It features stable population and stable consumption that remain at or below carrying capacity. The term typically refers to a national economy, but it can also be applied to the economic system of a city, a region, or the entire planet. Note that Robert Solow and Trevor Swan applied the term steady state a bit differently in their economic growth model. Their steady state occurs when investment equals depreciation, and the economy reaches equilibrium, which may occur during a period of growth.


The steady state economy is an entirely physical concept. Any non-physical components of an economy (e.g., knowledge) can grow indefinitely. But the physical components (e.g. supplies of natural resources, human populations, and stocks of human-built capital) are constrained and endogenously given. An economy could reach a steady state after a period of growth or after a period of downsizing or degrowth. The objective is to establish it at a sustainable scale that does not exceed ecological limits.

Economists use gross domestic product or GDP to measure the size of an economy in dollars or some other monetary unit. Real GDP – that is, GDP adjusted for inflation – in a steady state economy remains reasonably stable, neither growing nor contracting from year to year. Herman Daly, one of the founders of the field of ecological economics and a critic of neoclassical economics,[1] defines a steady state economy as

...an economy with constant stocks of people and artifacts, maintained at some desired, sufficient levels by low rates of maintenance "throughput", that is, by the lowest feasible flows of matter and energy from the first stage of production to the last stage of consumption."[2]

A steady state economy, therefore, aims for stable or mildly fluctuating levels in population and consumption of energy and materials. Birth rates equal death rates, and saving/investment equals depreciation.


I guess as long as NZ is connected to the global economy, we can never achieve a steady state. Our natural resources will be consumed not only by NZers but those overseas willing to buy our products, oil and gas in particular. Our National government is unlikely to change this policy of offering o/g leases to foreign nationals unless all of them lose interest or until the last drop is sucked out of the ground. Even our opposition Labour party wants to sell oil too but they view the governments current policy as a "fire sale".

Labour pummels oil offer

$this->bbcode_second_pass_quote('', '&')quot;But we don't expect to see all that area, or even most of it, go to permits," Energy Minister Simon Bridges said in Wellington yesterday.

Last year just 13.5 per cent of the total area offered was actually awarded for exploration permits and the areas likely to be explored would be a "pinprick".

Bridges said there was "good momentum" in the sector, with "strong continued interest in New Zealand" from overseas companies from Norway, and both the United States and Canada.

"We have had unprecedented exploration recently," he said.

"We have only scratched the surface and we can have more taxes and pay for more schools and get higher-paying jobs."

But Labour leader David Cunliffe said the Government was holding a "fire sale" on exploration permits.

"Labour is not opposed in principle to offshore oil exploration but we are not satisfied with the environmental standards in place.

New Zealand needed world best practice standards.

"And we also need full liability and clean-up cover and to make better use of the revenues from that oil and till we have that fixed we should not have a fire sale on exploration permits," Cunliffe said.


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Fatih Birol's motto: leave oil before it leaves us.
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Re: Will NZ be the 1st country to evolve a steady state econ

Postby Perfector » Sun 06 Apr 2014, 05:01:15

Can modern capitalism even function with a stable/slowly declining population? Japan seems to be the only such country, and it is struggling. Capitalism seems to reflexively push politicians and business leaders to promote population growth.
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Re: Will NZ be the 1st country to evolve a steady state econ

Postby EdwinSm » Mon 07 Apr 2014, 02:17:45

According to figures provided by Population Reference Bureau (http://www.prb.org/), in 2012-2103 Germany's population declined by 0,2%.

It seems that most of Europe is near a steady state regarding population growth.

It is just that the USA seems to be behaving more like a under-developed country when it come to population growth (0,5% or 1 581 000 extra inhabitants per year).

Having said that, the European economy is not doing so well, so you many think the Germany is "the exception that proves the rule".
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Re: Will NZ be the 1st country to evolve a steady state econ

Postby ralfy » Mon 07 Apr 2014, 03:43:01

From what I know, the global capitalist system requires a growing global middle class, and if markets become saturated, a growing population. These will also require increasing energy and resource consumption funded through more credit creation.
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Re: Will NZ be the 1st country to evolve a steady state econ

Postby sparky » Mon 07 Apr 2014, 04:20:06

.
New Zealand is an economic dependency of Australia ,
somewhat like Tasmania minus the honesty
their military is relying on Australia to protect them ,
their medical system is to take the plane and get the Aussies taxpayer to foot the bill
their unemployment control is to cross the sea and register on the Aussie dole

Some self reliance ,dole bludgers too lazy to steal
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Re: Will NZ be the 1st country to evolve a steady state econ

Postby Perfector » Mon 07 Apr 2014, 17:41:09

Japan, and to a lesser extent Germany, are somewhat averse to mass immigration. New Zealand on the other hand is a nation of migrants. Politicians there, prodded on by business, will have no hesitation in ramping up immigration to keep the population rising.

We see the same thing here in Australia where government has raised immigration to extraordinarily high levels to keep the population growth at its historic average of 1.6-1.8%. Which isn't a good idea, but of course they can't see this.
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