{"id":32,"date":"2009-03-10T20:51:06","date_gmt":"2009-03-11T02:51:06","guid":{"rendered":"http:\/\/www.easterbrook.ca\/steve\/?p=32"},"modified":"2009-03-27T13:18:27","modified_gmt":"2009-03-27T17:18:27","slug":"unsustainable-growth-is-a-ponzi-scheme","status":"publish","type":"post","link":"http:\/\/www.easterbrook.ca\/steve\/2009\/03\/unsustainable-growth-is-a-ponzi-scheme\/","title":{"rendered":"Unsustainable growth is a Ponzi scheme"},"content":{"rendered":"<p>In my first post, I said that the climate crisis will make the current financial turmoil look like a walk in the park. Several people thought that the line was too strong for a blurb advertising a session at a conference such as ICSE. They&#8217;re probably right, but only because it might serve to distract from the discussions around research ideas that I want to have.<\/p>\n<p>But I stand by the observation that the whole unsustainability of industrialized capitalist economies is a much bigger problem than the credit crunch, and will lead to a much bigger crash when it all falls apart. As usual, Joe Romm can put it much better than I can:\u00a0<a href=\"http:\/\/climateprogress.org\/2009\/03\/08\/ponzi-scheme-madoff-friedman-natural-capital-renewable-resources\/\">Is the global economy a Ponzi scheme, are we all Bernie Madoffs, and what comes next?<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>In my first post, I said that the climate crisis will make the current financial turmoil look like a walk in the park. Several people thought that the line was too strong for a blurb advertising a session at a conference such as ICSE. They&#8217;re probably right, but only because it might serve to distract [&hellip;]<\/p>\n","protected":false},"author":392,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[8],"tags":[55,98],"aioseo_notices":[],"jetpack_sharing_enabled":true,"jetpack_featured_media_url":"","_links":{"self":[{"href":"http:\/\/www.easterbrook.ca\/steve\/wp-json\/wp\/v2\/posts\/32"}],"collection":[{"href":"http:\/\/www.easterbrook.ca\/steve\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"http:\/\/www.easterbrook.ca\/steve\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"http:\/\/www.easterbrook.ca\/steve\/wp-json\/wp\/v2\/users\/392"}],"replies":[{"embeddable":true,"href":"http:\/\/www.easterbrook.ca\/steve\/wp-json\/wp\/v2\/comments?post=32"}],"version-history":[{"count":2,"href":"http:\/\/www.easterbrook.ca\/steve\/wp-json\/wp\/v2\/posts\/32\/revisions"}],"predecessor-version":[{"id":169,"href":"http:\/\/www.easterbrook.ca\/steve\/wp-json\/wp\/v2\/posts\/32\/revisions\/169"}],"wp:attachment":[{"href":"http:\/\/www.easterbrook.ca\/steve\/wp-json\/wp\/v2\/media?parent=32"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"http:\/\/www.easterbrook.ca\/steve\/wp-json\/wp\/v2\/categories?post=32"},{"taxonomy":"post_tag","embeddable":true,"href":"http:\/\/www.easterbrook.ca\/steve\/wp-json\/wp\/v2\/tags?post=32"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}