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Current western Economic system has failed: Official

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Current western Economic system has failed: Official

Unread postby Wildwell » Thu 26 Jan 2006, 22:21:22

Earth lacks the water, energy and agricultural land to allow China and India to attain Western living standards, a US think-tank has warned.

The Worldwatch Institute said the booming economies of China and India are "planetary powers that are shaping the global biosphere".

Its State of the World 2006 report said the two countries' high economic growth hid a reality of severe pollution.

It said the planet's resources could not keep pace with such growth.

"The world's ecological capacity is simply insufficient to satisfy the ambitions of China, India, Japan, Europe and the United States as well as the aspirations of the rest of the world in a sustainable way," the report added.

It said that if China and India were to consume as much resources per capita as Japan in 2030 "together they would require a full planet Earth to meet their needs", it said.

The institute's report said that in the next few years the choices China and India made could lead to political and economic instability, or they could usher in an age of better stewardship of resources and more efficient technology.

The reports said the US - which continues to consume more of the Earth's resources than any other country - needed to cooperate with China and India to help develop more environmentally friendly practices and technologies.

"China and India are positioned to leapfrog today's industrial powers and become world leaders in sustainable energy and agriculture within a decade," Worldwatch Institute president Christopher Flavin said.

"We were encouraged to find that a growing number of opinion leaders in China and India now recognise that the resource-intensive model for economic growth can't work in the 21st Century," he said.

China already has a solar-powered heating system which supplies hot water to 35 million homes, while India has pioneered a system bringing clean water from rainfall, the report said.

http://news.bbc.co.uk/1/hi/sci/tech/4604556.stm
Last edited by Wildwell on Thu 26 Jan 2006, 22:55:18, edited 1 time in total.
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Re: Our Economic system has failed: Official

Unread postby Gary » Thu 26 Jan 2006, 22:54:32

Economics: (from the Greek <oikos> 'house' and <nomos> 'rule' meaning 'household management.' " (wikipedia)

If our world is our household, how well are we managing it?
pedaling for peace and ecojustice -- Gary
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Re: Current western Economic system has failed: Official

Unread postby Wildwell » Thu 26 Jan 2006, 22:59:38

The question is do China and India stay in the doldrums? Do markets switch to the new opportunities in Chindia leaving the rest of the world in the cold? Or do we all have to learn to share the diminishing resources or fight it out? Or perhaps wake up and realise this has all been a terrible mistake and get back to basics?
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Re: Current western Economic system has failed: Official

Unread postby Jack » Fri 27 Jan 2006, 01:19:33

$this->bbcode_second_pass_quote('Wildwell', 'T')he question is do China and India stay in the doldrums? Do markets switch to the new opportunities in Chindia leaving the rest of the world in the cold? Or do we all have to learn to share the diminishing resources or fight it out? Or perhaps wake up and realise this has all been a terrible mistake and get back to basics?


China and India continue to grow. Their appetite has been well whetted.

Markets go where the money is, in this case Chindia. Those without money will be in the cold. Just like today, actually.

Humankind is not about to start sharing; rather, it will be fought out. First through the abstraction of market action, later with armies.

We will only "get back to basics" if compelled to. When and if the compulsion ends, we'll abandon our new-found wisdom.
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Re: Current western Economic system has failed: Official

Unread postby venky » Fri 27 Jan 2006, 01:42:29

As an Indian, my first instinct on reading this was to say 'screw you'. Ofcourse I understand that resource constraints will prevent India and China from ever reaching current western standards of living without wrecking our planet. However, calls from the energy wasteful west on India and China to cut down their consumption will be met with outright rejection and hostility.

I kind of agree with Jack, we will not stop consuming unless we are compelled to.
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Re: Current western Economic system has failed: Official

Unread postby joewp » Fri 27 Jan 2006, 01:54:31

$this->bbcode_second_pass_quote('venky', 'A')s an Indian, my first instinct on reading this was to say 'screw you'. Ofcourse I understand that resource constraints will prevent India and China from ever reaching current western standards of living without wrecking our planet. However, calls from the energy wasteful west on India and China to cut down their consumption will be met with outright rejection and hostility.

I kind of agree with Jack, we will not stop consuming unless we are compelled to.


There we have it, folks. An Indian saying that only force will make them stop consuming. I've heard many Americans say that, and I'm sure there are plenty of Chinese who'll echo the same sentiment.

In a nutshell, the world is screwed. :cry:
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Re: Current western Economic system has failed: Official

Unread postby venky » Fri 27 Jan 2006, 02:34:50

Incase there is any misunderstanding, I just put forth what I believe to be the view of most Indians.

As for me, well, I'm a peaknik, a part time green etc, I recognize the need for sustainability and the end to the lifestyles, based on mass consumerism.

On the other hand, the current lifestyle for a majority of Indians (not the new middle class whose lifestyles are not that different from the West) is desperate, poverty stricken. The economic growth of the past couple of decades has for the first time brought prosperity and hope to large sections of the population. I accept the necessity that we need an end to growth for the world in general, but even I cannot accept a scenario in which the majority of Indians are left in their current state while the west continue's to enjoy its current lifestyle.

So I agree with the poster above, no nation will agree willingly to give up growth, so generally speaking we are screwed.
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Re: Current western Economic system has failed: Official

Unread postby Zardoz » Fri 27 Jan 2006, 03:18:48

$this->bbcode_second_pass_quote('venky', '.')..An Indian saying that only force will make them stop consuming. I've heard many Americans say that...


Remember, according to The Vice-President of The United States, "the American way of life is not negotiable".
Last edited by Zardoz on Fri 27 Jan 2006, 03:19:20, edited 1 time in total.
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Re: Current western Economic system has failed: Official

Unread postby Colorado-Valley » Fri 27 Jan 2006, 03:19:19

I think for a lot of Westerners, the American Dream is becoming more and more hollow each year. We shop because we're bored, really.

Getting out and living and working in the natural world again in gardens, on farms, in simpler villages would probably be a breath of fresh air for most Americans, but we're so hypnotized by shopping and sports and the rat race that we can't even imagine doing something different.

I suppose we'll have to learn about the beauty of a simpler life the hard way. As Kunstler said, we'll just keep doing what we're doing until we can't and then we won't.
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Re: Current western Economic system has failed: Official

Unread postby KevO » Fri 27 Jan 2006, 04:19:41

$this->bbcode_second_pass_quote('joewp', '
')In a nutshell, the world is screwed. :cry:


Did you know that the pollution/global warming/climate change etc that we have now is a result of our emissions 10 to 15 years ago? 1990 to 1996

so we won't get the effects of now until 2016 to 2021.

yep. it's far too late and most enviro-mentalists know it.
Lovelock concurs also
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Re: Current western Economic system has failed: Official

Unread postby SHiFTY » Fri 27 Jan 2006, 05:38:17

I am an optimist on this- I would like to believe that the industrialising economies of China and India can learn from the mistakes that the West has made along the way, and create a model of sustainable development that provides growth without environmental and social damage.

For instance not burning coal, fast trains instead of cars and high density living rather than sprawl. Nuclear, wind power can be 'clean' sources of energy- and the relentless obssession with material throwaway goods that the west has can be replaced with a more holistic view of what makes life worth living.

It is great that India is the world's biggest democracy and has a renowned education system, and it is also great that China is turning out vast numbers of engineers. Educated people will make better decisions for the future I believe.
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Re: Current western Economic system has failed: Official

Unread postby 5 » Fri 27 Jan 2006, 05:51:08

wildwell, "China already has a solar-powered heating system which supplies hot water to 35 million homes, while India has pioneered a system bringing clean water from rainfall, the report said. "

This, to me, speaks volumes. China seems to be very concerned with long-term issues. While that might not make much difference in the end, the thinking IS different than America's, for good or bad. Different thinking leads to different choices. Considering their new-found love of the car, I can't see how those different choices will save the planet just yet, if at all, but it might be interesting to watch for entertainment value.

As far as it being official *now* that our econonmic system is failing the planet, well, just what does it TAKE to prove this system is fatally flawed, lol?? Those who believe this planet can "take it" will continue to believe so, those who don't, won't. Same old, same old -- hey, who needs "ecosystems", I'm on the network.

venky, just wanted to say that I got the point of your first post, and yeah -- yep, and yep again.

Kev-o -- can you link an article about that global warming delay? Very interesting...
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Re: Current western Economic system has failed: Official

Unread postby untothislast » Fri 27 Jan 2006, 06:15:40

My first ever posting to these forums was entitled 'Peak Capitalism' - wherein I argued that the present economic model was unsustainable, and therefore doomed. In fact, the proposition is so obvious, I'm still not sure why I felt such a strong need to make the point.

Nevertheless, I got battered and abused by a slew of correspondents, some of whom (bizarrely) maintained that greed and conspicuous over-consumption were cherishable and desirable goals.

I do hope they'll be writing to the thinktank soon.
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Re: Current western Economic system has failed: Official

Unread postby shakespear1 » Fri 27 Jan 2006, 06:25:55

I agree

[code] "China already has a solar-powered heating system which supplies hot water to 35 million homes, while India has pioneered a system bringing clean water from rainfall, the report said. " [quote]

China and India are addressing the issue while US is wasting time and $$$. The $1.5 billion/wk spent on the WAR could do wonders in energizing the economy in a new direction in the US. GM and Ford COULD make money in this business instead of building SUV's which any casual visitor from outside of US could have told them had no chance of making it in the changing world. I am amazed isolated the mind set of the top management in these companies is in terms of understanding the future issues.

Apparently in Davos the issue of "Oil Demand" will be discussed. That is public program. In private I would think they will be discussing the SUPPLY issue.

Or should we send one of our own PO reps here ?
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Re: Current western Economic system has failed: Official

Unread postby elroy » Fri 27 Jan 2006, 08:02:16

So we in the west have gained all this wealth through hundreds of years of opression, colonization, trade barriers, and now the third world is in poverty, desperate, and we tell em 'Sorry, you guys can't play this game with us. World simply isn't sufficient. ' Damn straight they'd say fuck you to us.
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Re: Current western Economic system has failed: Official

Unread postby ejacob3 » Fri 27 Jan 2006, 09:00:53

$this->bbcode_second_pass_quote('elroy', 'S')o we in the west have gained all this wealth through hundreds of years of opression, colonization, trade barriers, and now the third world is in poverty, desperate, and we tell em 'Sorry, you guys can't play this game with us. World simply isn't sufficient. ' Damn straight they'd say fuck you to us.


Spot on! All relates back to the propagation of our capitalism way of life. We'll use anything to rationalize it (religion, racism, democracy, etc. all of which seem to blur together).

End result is war and violence. Sure you can argue with me that we are advanced now and optomistic but if history is any guage as to our behavior, stand by to stand by.
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Re: Current western Economic system has failed: Official

Unread postby sventvkg » Fri 27 Jan 2006, 09:23:15

$this->bbcode_second_pass_quote('venky', 'A')s an Indian, my first instinct on reading this was to say 'screw you'. Ofcourse I understand that resource constraints will prevent India and China from ever reaching current western standards of living without wrecking our planet. However, calls from the energy wasteful west on India and China to cut down their consumption will be met with outright rejection and hostility.

I kind of agree with Jack, we will not stop consuming unless we are compelled to.


I couldn't agree with you more Venky..Who the heck are we in the West to pass judgement on anyone else? I will say that the Capitalistic model of ever expanding economic growth is not sustainable for anyone and the system is doomed. I say bring the crash on!
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Re: Current western Economic system has failed: Official

Unread postby Ludi » Fri 27 Jan 2006, 09:29:04

It would hardly be fair for the West to say " screw you jack, I've got mine" and continue our own wasteful ways. If we want China and India to reduce consumption, we in the West must do it first.

Fat chance.
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Re: Current western Economic system has failed: Official

Unread postby Wildwell » Fri 27 Jan 2006, 09:53:29

My thoughts is business will keeping shifting operations out there, because of the substantially lower cost base.

Effectively the west will be competing with an area of the world with less human rights, more corruption, less costs.

When oil gets expensive, Americans will be travelling in SUVs on roads that can only handle 4 or 5 thousand people an hour, powered by finite and increasingly expensive oil. Meanwhile the Chinese and Indians will be on their new rail lines shifting 100,000 people an hour (they are already building these) run on renewable energy.

You tell me who is going to win the end game?

I find it ironic we promote democracy and Hamas gets voted in.

We promote technology, which is then used against us.

We promote a lifestyle, which is unsustainable.
Last edited by Wildwell on Fri 27 Jan 2006, 18:38:28, edited 1 time in total.
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Re: Current western Economic system has failed: Official

Unread postby thor » Fri 27 Jan 2006, 11:19:35

$this->bbcode_second_pass_quote('Wildwell', '
')We promote technology, which is then used against us.


The problem with the West is that it developed a technological society over the centuries: Our societies went from crawling, walking and then into a running mode. Once we entered the running mode, we transferred the manufacturing base and knowledge to rather overpopulated countries that were less technocratic and extremely cheap labour wise. As a result, these countries somehow went from crawling straight into running mode and are now using that added momentum of new technologies to overtake the West's speed. Because people in the East remain cheap and oversupplied induces anorganic growth in regions that can be "exploited" for their labour. Globalism is a double edged sword.
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