Peak Oil News

 

  Login or Register
 
Menu
 News
 Search
 Topics
 Stories Archive
 Submit News
 Discussions
 Code of Conduct
 Forums
 Forums Search
 Last 24 Hours
 PO 24hrs
 Peak Blog
 Resources
 About Us
 Downloads
 Web Links
 PeakWiki
 PeakPortal
 Focus Search
 Peak TV
 Peak Oil Boston
 Houston Peak Oil
 Members
 Your Account
 Members List
 Ignore List
 JOIN!
 Private Messages
 
google
 
PeakSpeak
NICKNAME

Download TeamSpeak
What is PeakSpeak?
Peak Oil on IRC
 
Photo Album
Submit Photo
Peakoil.com is You!


member photos
 
Light Sweet Crude Oil
 
Member Quotes
Like the illusion of Wall Street, with its vast and powerful investment banks, now shuttered, China too is an illusion perpetuated by the Globalists that gave us the 15,000 mile Caesar salad, poisoned cat food and lead based paint on babies' pacifiers. Like the illusion that money would come from thin air to always push housing prices higher, China has spent a generation pursuing its illusion. Pursuing an unattainable dream to be like the West, while 6000 years of its carefully shepherded top soil blows into the sea.

shortonoil

Suggest Quote

 
ICM
Cisco & Net App Training
 
Peak Oil News: Forums

Peakoil.com :: View topic - Current western Economic system has failed: Official
 Forum FAQForum FAQ   SearchSearch   UsergroupsUsergroups   ProfileProfile   Log in to check your private messagesLog in to check your private messages   Log inLog in 

Current western Economic system has failed: Official
Goto page 1, 2  Next
 
Post new topic   Reply to topic   Printer-friendly version    Peakoil.com Forum Index -> Economics & Finance
View previous topic :: View next topic  
Author Message
Wildwell
Fission
Fission


Joined: Feb 03, 2005
Posts: 2080
Location: UK

PostPosted: Thu Jan 26, 2006 8:21 pm    Post subject: Current western Economic system has failed: Official Add User to Ignore List Reply with quote

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 Jan 26, 2006 8:55 pm; edited 1 time in total
Back to top
View user's profile Send private message
Gary
Heavy Crude
Heavy Crude


Joined: Jan 07, 2005
Posts: 139
Location: Mpls, MN, USA

PostPosted: Thu Jan 26, 2006 8:54 pm    Post subject: Re: Our Economic system has failed: Official Add User to Ignore List Reply with quote

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
Back to top
View user's profile Send private message Send e-mail
Wildwell
Fission
Fission


Joined: Feb 03, 2005
Posts: 2080
Location: UK

PostPosted: Thu Jan 26, 2006 8:59 pm    Post subject: Re: Current western Economic system has failed: Official Add User to Ignore List Reply with quote

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?
Back to top
View user's profile Send private message
Jack
Dark Lord
Dark Lord


Joined: Aug 11, 2004
Posts: 5123

PostPosted: Thu Jan 26, 2006 11:19 pm    Post subject: Re: Current western Economic system has failed: Official Add User to Ignore List Reply with quote

Wildwell wrote:
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?


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.
_________________
Dieoff. Fun to watch. Better with hot buttered popcorn! new_popcornsmiley
Back to top
View user's profile Send private message
venky
Intermediate Crude
Intermediate Crude


Joined: Mar 13, 2005
Posts: 853

PostPosted: Thu Jan 26, 2006 11:42 pm    Post subject: Re: Current western Economic system has failed: Official Add User to Ignore List Reply with quote

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.
Back to top
View user's profile Send private message
joewp
Light Sweet Crude
Light Sweet Crude


Joined: Apr 05, 2005
Posts: 1658
Location: Springsteen Country (NJ)

PostPosted: Thu Jan 26, 2006 11:54 pm    Post subject: Re: Current western Economic system has failed: Official Add User to Ignore List Reply with quote

venky wrote:
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.


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. Crying or Very sad
_________________
Joe P. United Political Debate
"Only when the last tree is cut; only when the last river is polluted; only when the last fish is caught; only then will they realize that you cannot eat money." - Cree Indian Proverb
Back to top
View user's profile Send private message Send e-mail Visit poster's website
venky
Intermediate Crude
Intermediate Crude


Joined: Mar 13, 2005
Posts: 853

PostPosted: Fri Jan 27, 2006 12:34 am    Post subject: Re: Current western Economic system has failed: Official Add User to Ignore List Reply with quote

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.
Back to top
View user's profile Send private message
Zardoz
Expert
Expert


Joined: Dec 02, 2005
Posts: 6770
Location: Oil-addicted Southern Californucopia

PostPosted: Fri Jan 27, 2006 1:18 am    Post subject: Re: Current western Economic system has failed: Official Add User to Ignore List Reply with quote

venky wrote:
...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 Jan 27, 2006 1:19 am; edited 1 time in total
Back to top
View user's profile Send private message
Colorado-Valley
Intermediate Crude
Intermediate Crude


Joined: Aug 16, 2004
Posts: 733

PostPosted: Fri Jan 27, 2006 1:19 am    Post subject: Re: Current western Economic system has failed: Official Add User to Ignore List Reply with quote

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.
Back to top
View user's profile Send private message
KevO
Expert
Expert


Joined: May 24, 2005
Posts: 2394

PostPosted: Fri Jan 27, 2006 2:19 am    Post subject: Re: Current western Economic system has failed: Official Add User to Ignore List Reply with quote

joewp wrote:

In a nutshell, the world is screwed. Crying or Very sad


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
_________________
http://www.youtube.com/watch?v=xSFLSTb5KfU

http://www.myspace.com/jimolliermusic
Back to top
View user's profile Send private message
SHiFTY
Heavy Crude
Heavy Crude


Joined: Jun 27, 2005
Posts: 171

PostPosted: Fri Jan 27, 2006 3:38 am    Post subject: Re: Current western Economic system has failed: Official Add User to Ignore List Reply with quote

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.
Back to top
View user's profile Send private message
5
Coal
Coal


Joined: Dec 19, 2005
Posts: 2
Location: Portland, Oregon

PostPosted: Fri Jan 27, 2006 3:51 am    Post subject: Re: Current western Economic system has failed: Official Add User to Ignore List Reply with quote

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...
Back to top
View user's profile Send private message
untothislast
Intermediate Crude
Intermediate Crude


Joined: Oct 22, 2005
Posts: 709
Location: European Capital of Kulcha 2008

PostPosted: Fri Jan 27, 2006 4:15 am    Post subject: Re: Current western Economic system has failed: Official Add User to Ignore List Reply with quote

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.
Back to top
View user's profile Send private message
shakespear1
Light Sweet Crude
Light Sweet Crude


Joined: May 13, 2005
Posts: 1573

PostPosted: Fri Jan 27, 2006 4:25 am    Post subject: Re: Current western Economic system has failed: Official Add User to Ignore List Reply with quote

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 ?
Smile
_________________
Men argue, nature acts !
Voltaire

"...In the absence of the gold standard, there is no way to protect savings from confiscation through inflation."

Alan Greenspan
Back to top
View user's profile Send private message
elroy
Heavy Crude
Heavy Crude


Joined: Sep 25, 2005
Posts: 350
Location: Netherlands

PostPosted: Fri Jan 27, 2006 6:02 am    Post subject: Re: Current western Economic system has failed: Official Add User to Ignore List Reply with quote

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 Fark you to us.
_________________
Back to top
View user's profile Send private message
Display posts from previous:   
Post new topic   Reply to topic   Printer-friendly version    Peakoil.com Forum Index -> Economics & Finance All times are GMT - 6 Hours
Goto page 1, 2  Next
Page 1 of 2

 
Jump to:  
You cannot post new topics in this forum
You cannot reply to topics in this forum
You cannot edit your posts in this forum
You cannot delete your posts in this forum
You cannot vote in polls in this forum

Atom News FeedRSS 1.0 News FeedRSS 2.0 News FeedRSS Forums Feed