Deep thought - Apr 13
by Staff
Click on the headline (link) for the full text. Many more articles are available through the Energy Bulletin homepage BBC documentaries dissecting modernity (Adam Curtis) The documentaries are fun to watch, with many mind-boggling clips. The style is similar to "The End of Suburbia". Many are available online. The Century of the Self Pandora's Box The Power of Nightmares The Trap - What Happened to our Dream of Freedom More links are at the YouTube http://www.youtube.com/watch?v=Js39hh9OkpQ (Click on "more info" in the upper right)
A more apt analogy, said Nicholas Georgescu-Roegen (a Romanian-born economist whose work in the 1970s began to define this new approach), is to model the economy as a living system. Like all life, it draws from its environment valuable (or “low entropy”) matter and energy — for animate life, food; for an economy, energy, ores, the raw materials provided by plants and animals. And like all life, an economy emits a high-entropy wake — it spews degraded matter and energy: waste heat, waste gases, toxic byproducts, apple cores, the molecules of iron lost to rust and abrasion. Low entropy emissions include trash and pollution in all their forms, including yesterday’s newspaper, last year’s sneakers, last decade’s rusted automobile. Matter taken up into the economy can be recycled, using energy; but energy, used once, is forever unavailable to us at that level again. The law of entropy commands a one-way flow downward from more to less useful forms. An animal can’t live perpetually on its own excreta. Neither can you fill the tank of your car by pushing it backwards. Thus, Georgescu-Roegen, paraphrasing the economist Alfred Marshall, said: “Biology, not mechanics, is our Mecca.”
The GINI coefficient is one measure of inequality, typically relating to income, applied to a particular spatial population. A GINI coefficient of zero implies that everyone in the sample earns the same amount - there is no inequality. A GINI of 1, means that 1 person earns all the income -the population therefore has extreme inequality. There are all sorts of GINI sub-indices for counties, states, countries, etc. It is not a perfect science, as it leaves out debt, purchasing power, saved wealth, etc. It also completely ignores real capital measures of wealth and focuses on financial income. Still, GINI is not a bad proxy for social inequality. Let's first look at the USA. ... With that backdrop, here are some questions for tonight's discussion: 1. What sort of social equity disparity fits us best, and for how many? 2. Would we be happier with everyone roughly at equivalent wealth levels, or a very few having most of the wealth, so long as basic social and physical needs are met for the masses? 3. Will all this sort itself out naturally, or by war(s), or be 'chosen' democratically? 4. If a paradigm shift arrives, and those previously in the 'have-not' category displace the previous 'haves', will this just reset the social timer on when such an inflection will happen again, in reverse? 5. What happens to US politics/economic system when middle class can no longer act as buffer between rich and poor? 6. Bonus question: If we find reasonable answers to the above, how would they apply, if at all, to inter-generational equity or inter-species equity? |
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