10 Sep '11, 3pm

"In the World, at the Limits of Growth" Must read essay by David Korowicz.

We imagine this country is in crisis, yet crisis is relative. Most people in the world would envy our material austerity and be thankful for our endlessly 'collapsing' health service. But with our expectations thwarted and in the anxiety of uncertainty, we are focussed inward. Yet we remain as deluded as ever. Our arguments about austerity and default, and our prospective return to economic growth are framed within the context of a stable global economy. We imagine our troubles as if they are largely our own, shared maybe with a few other peripheral Euro-zone countries and some errant German banks. Our argument assumes that within our national life, a path can be found, however hard and long, that must eventually lead to renewed growth and a return to something like we had before property speculation consumed us. And even were Ireland's economy to remain sunk in a mire, so...

Full article: http://www.energybulletin.net/stories/2011-05-27/world-li...

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