Welcome chaos, mother of ecological capitalism

The world economy has not grappled with this much uncertainty since World War II. Not even the 1973 OPEC embargo comes close. Easily accessible oil riches by the hundreds of billions of barrels were still in the Earth

Oil and the international monetary order are the proto-variables of the chaotic transition that now besets the world. How long this marcohistoric episode will last and how it will play out is impossible to predict. Nonetheless, independent analytical examinations of the emerging conflict — intemperate efforts to increase material welfare on a full-up planet — are beginning to transmute the vague image of the optimal solution. The ideal outcome is a two-level economy or, in ideological terms, Ecological Capitalism.

The present turbulence may lead to a new institutional framework in which public authority becomes responsible for the development and maintenance of the economy