It is commonly asserted that even with massive investments, solar, wind and other renewable energy technologies could not possibly meet all of the energy needs of any industrialized economy. However, a recent study done by Budischak et al. debunks this piece of conventional wisdom. The study suggests that with an optimized energy production and storage network, up to 99.9% of all energy needs could be met using nothing more than currently existing renewable energy technologies–and at roughly the same cost of conventional energy production. The abstract of the study report reads as follows: We model many combinations of renewable electricity sources (inland wind,…
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Business & Environmental Ethics
Keeping the public in the dark about animal cruelty
The picture below comes from a 2010 video provided by the US Humane Society showing a slaughterhouse worker in California forcing a “downed” cow onto its feet by ramming it with the blades of a forklift. According to this news piece in the Associated Press, the video led to the largest meat recall in US history. The massive meat recall occasioned by this video clearly shows that many people are disgusted by the cruelty its depicts. And consumers obviously want to know, or at least have the right to know, the conditions in which their meat is being raised. In…
Studying economics increases the tendency to lie
A working paper by Raúl López-Pérez and Eli Spiegelman, from universities in Montreal and Madrid, suggests that studying economics at the university might increase a student’s inclination to lie. The abstract for the paper reads as follows: “Recent experimental evidence suggests that some people dislike telling lies, and tell the truth even at a cost. We use experiments as well to study the socio-demographic covariates of such lie aversion, and find gender and religiosity to be without predictive value. However, subjects’ major is predictive: Business and Economics (B&E) subjects lie significantly more frequently than other majors. This is true even after…
Andrew McAfee’s technological utopia
Andrew McAfee, principal research scientist at the Center for Digital Business at the MIT Sloan School of Management, delivered this astonishing lecture at a TEDx event in Boston in 2012. The main question of the lecture was “Are droids taking our jobs?” His answer, which is based on research, not mere speculation, is “most definitely yes.” And it’s not just mechanical or manufacturing jobs that are being taken over by robots, but also jobs involving higher order cognitive skills, like writing newspaper articles. Indeed, McAfee points out that Forbes online magazine has already started publishing flawless articles written by droids,…
Electric cars just can’t get a break
Who Killed the Electric Car? (shown below) is an excellent documentary detailing the rise and fall of one of the first electric automobiles in North America, GM’s EV1. Although it was produced, marketed, and leased to customers for a brief time in the 1990s, GM eventually decided to cancel the leases, reclaim the cars, and destroy them against the wishes of many enthusiastic customers. The film offers a complex explanation of why this popular car line was terminated, one that implicates the car manufacturers and the oil industry in a conspiracy of sorts to halt the production of these vehicles that…
Life in a cage
At one extreme end of the spectrum of enlightened architecture, there are the Earthships and other forms of biotecture that are the subject of several earlier posts. These amazing houses, built mostly of recycled material, are eco-friendly, affordable, and aesthetically pleasing. Most importantly, they maximize human potential and freedom in the sense that they enable their inhabitants to live self-sufficient lives, free from the chains of mortgages, commuting costs, and utility bills. Here is a photo of the interior of one Earthship. At the other extreme end of the spectrum of enlightened architecture, there are cages, slightly larger than coffins,…
Mondragon Corporation
While technically a corporation, Mondragon is actually federation of worker cooperatives operating mainly in the Basque country. Quite different from the typical capitalist corporation, it is one of the most promising developments in area of business management. It was founded in 1956 by a progressive Catholic priest named José María Arizmendiarrieta, who had a mission to spread a form of humanist teaching emphasizing solidarity and participation. From the outset, the purpose of Mondragon was not simply to earn profits, but to provide employment and other social benefits to the local community. It is now the largest business group in the Basque…
The true costs of cell phones
A recent study by James Roberts, professor of marketing at Baylor’s Hankamer School of Business, claims that “cell phone and instant messaging addictions are driven by materialism and impulsiveness and can be compared to consumption pathologies like compulsive buying and credit card misuse.” The study, which was published in the Journal of Behavioral Addictions, suggests that cell phones are also eroding our personal relationships. The published article can be found here (with paid subscription). In addition to these interpersonal effects of cell phone use, there are other social costs to consider, such as the effects it is having on education and classroom instruction, a…
Inequality and conservatism in Korea
Individual income in relation to gross national income (GNI) is declining everywhere in the world but recent data from the Bank of Korea (reported in the Korea Herald) indicate that it is falling faster in Korea than in just about any other country. Since the 1990s it has declined at twice the average rate of OECD countries. Meanwhile, the profits of Korean corporations are exceeding all expectations. Samsung recently projected record profits of 8.3 billion for the quarter ending December 2012, which gives it a run of five consecutive record-breaking quarters. So, as was recently pointed out in the Chosun Ilbo of all places,…
Can we shop our way to a better economy?
Below is an interesting TED lecture by Stacy Mitchell that deals with one of the most important moral and political issues of our time–the corporate control of our economies and societies. In most capitalist economies, the trend over the past several decades has been towards greater consolidation, where the goods in question–whether food, retail, banking, healthcare, or the media–are being produced or delivered by fewer and fewer larger corporations. There are of course major social and environmental costs associated with this trend and increasingly many people, it seems, are realizing that the corporate capitalist system they are living in is not…
How viable is Economics? (lecture by Steve Keen)
In the lecture below, Steve Keen, Associate Professor of Economics & Finance at the University of Western Sydney and author of Debunking Economics, questions the viability of modern neoclassical macroeconomics and its premises. His critique not only calls into question what is taught in virtually every economics department around the world, but also casts doubt on the typical policy recommendations made by neoclassical economists.
Affluent people and trickle-down economics
When the latest republican president, George W.Bush encouraged people to go shopping and introduced massive tax cuts on corporations and the wealthiest he acted as perfect role model for conservative economic politics. Mitt Romney is now running for president by promoting the same ideas and further tax cuts. These conservative policies are often justified by recourse to “trickle-down economics,” the idea that tax breaks or other economic benefits provided by the government to businesses and the wealthy will result in further investment by the rich, leading to more jobs and hence benefiting the poorer members of society. But does money really trickle down? The…
Earthship Biotechture 101
Here are a few helpful links for those who are interested in learning more about earthships and perhaps building one of their own. In the first place, there are existing earthships that can be rented as hotel rooms on a weekly or nightly basis. There is this earthship in France which one can rent or buy and these rentals in New Mexico. For those who want to learn, there are internships opportunities as well as an Biotecture Academy offering training and degrees. Here’s a website keep track of progress on an earthship being constructed in Manitoba of all places. And the following…
Sustainability and freedom
Although it does snow in New Mexico, most people who watch the Garbage Warrior or witness the biotecture communities sprouting up in places like Taos probably think that earthships are fine for hot dry climates but wouldn’t really work in places like Canada. This short video clip nicely debunks that idea. The Potter’s earthship is in Bancroft Ontario which gets extremely cold in the winter, going as low as -35 Celsius. But as the Potters attest, they are perfectly comfortable in their home. And after building it, for very little money, they discovered that it not only sheltered them and…
Garbage Warrior (documentary)
Michael Reynolds is a true maverick; he sees humanity marching toward the edge of a cliff and he’s not willing to go along with the crowd. Instead he uses his skills as a trained architect to show people that there is another, better way of living, one which is sustainable, ecologically beneficial, and 100 percent self-supporting. He builds homes–even entire communities–that are completely off the energy grid, collect water from rainfall, recycle waste, and are made from mostly garbage and recycled materials. It’s called “Earthship Biotecture” and it may very well be the most profound and practical solution to the pressing environmental challenges…
On most metrics, the US is a dog
The provocative title of this post is not an opinion but a quote from a recent book by Howard Steven Friedman, a statistician and health economist for the United Nations and an adjunct professor at Columbia University’s School of International and Public Affairs. The book, entitled “The Measure of a Nation,” compares the US’ standings on a variety of metrics concerning health, safety, education, democracy and income equality to those of 13 carefully chosen competitor OECD nations: Australia, Belgium, Canada, France, Germany, Greece, Italy, Japan, Portugal, the Netherlands, South Korea, Spain and the UK, all of whom have populations of at least ten…
Upward mobility in the U.S. is a myth
Robert S. Strauss used to say that every politician wants you to believe he was born in a log cabin he built himself. Republicans in particular never tire of emphasizing the unparalleled opportunities that exist in US, where hard work and determination can propel anyone out of humble beginnings into the White House, or at least a mansion on a hill. But is this really the case? A recent international study examined the relationship between wealth, heritage and inequality across generations. Here’s the abstract: We study the role of parental wealth for children’s educational and occupational outcomes across three types of…
Criticism of The Spirit Level
Earlier this year the RSA hosted a debate on The Spirit Level, the highly influential book by Kate Pickett and Richard Wilkinson. That book and the subsequent TED lecture by Wilkinson provided what seemed to many like an extraordinarily strong case for the idea that income inequality is the driving force in social dysfunction and that reducing income inequality will benefit virtually everyone in wealthy societies, even those at the top of the economic pyramid. The sobering RSA debate presents evidence and arguments to the contrary, from Christopher Snowdon and Peter Saunders. The main critique that Snowdon and Saunders advance, a…
Iceland Was Right, We Were Wrong: The IMF (by Jeff Nielson)
Jeff Nielson has published an article well worth reading on the global financial crisis and its economic consequences. Originally published in The Street, the article explains the alternative strategy Iceland implemented to combat it’s dire situation after the financial meltdown and concludes that Iceland was not only different but right, which in turn suggests that everyone else was wrong. The following is a selection of paragraphs from the full article, which can be found here: Now in what may be the greatest economic “mea culpa” in history, we have the media admitting that this government/banking/propaganda-machine troika has been wrong all along. They have…
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