Roadmap to Survival 2100 by Prof. Wm. Rees

Introduction to the kinds of policies implicit in a Survival 2100–type project

No 510 Posted by fw, June 25, 2012

“…sustainability does, indeed, demand what many scientists (and even politicians) have been asserting for decades. We are engaged in a genuine paradigm shift—the abandonment of the beliefs, values, assumptions, and behaviors underpinning the status quo and their replacement by an alternative development paradigm. The good news, of course, is that the alternative offers a more economically secure, ecologically stable, and socially equitable future for all than does staying our present course. The bad news is that there will be strident resistance from those with the greatest stake in the status quo…”William Rees

UBC Professor William Rees has a place of honor on this blog – the 13-part series of posts based on his talk, Is Humanity Inherently Unstable? is far and away the most visited.

What follows is a slightly modified version of Rees’ latest contribution to popular understanding that “a great changes in our stewardship of the earth and the life on it is required if vast human misery is to be avoided and our global home on this planet is not to be irretrievably mutilated.” I have added subheadings to facilitate browsing of this lengthy article and added inline links in place of endnote references. To read Rees’ original piece, click on the linked title.

The Way Forward: Survival 2100 by William Rees, Post Carbon Institute, June 22, 2012

It’s not as if we haven’t been warned

It’s not as if we’re unaware of the problem. Symptoms were already so persistent two decades ago that a proclamation by many of the world’s top scientists warned that “a great change in our stewardship of the earth and the life on it is required if vast human misery is to be avoided and our global home on this planet is not to be irretrievably mutilated.” This assertion was echoed a dozen years later by the Millennium Ecosystem Assessment’s no less urgent warning that “human activity is putting such a strain on the natural functions of the earth that the ability of the planet’s ecosystems to sustain future generations can no longer be taken for granted.”

Leadership effort so far has been “feeble”

One might think that humanity’s best science would be enough to stimulate a decisive policy response, but the feeble effort so far has done little to stem the cumulative cascade of dismal data. No national government, no prominent international agency, no corporate leader anywhere has begun to advocate in public, let alone implement, the kind of evidence-based, visionary, morally coherent policy responses that are called forth by the best science available today.

Earth may be experiencing fastest climate change in 34 million years

On the climate front, the first six months of 2010 were the warmest ever recorded, and 2010 tied with 2005 and 2008 for hottest year in the instrumental record. (This while we should have been experiencing modest cooling—the world is just emerging from the longest solar minimum in decades.) Earth and paleoclimate scientist Andrew Glikson posits that the world may be experiencing the fastest climate change in 34 million years. Atmospheric CO2 concentrations are rising at 2+ parts per million by volume per year (ppmv/yr) and the rate is increasing. Already, at 392 ppmv CO2 and 470 ppmv CO2 equivalent (CO2e) (read: a level of greenhouse gases equivalent in climate forcing to 470 ppmv of CO2), the atmosphere/ocean system is just below the 500 ppmv CO2e upper stability limit for the Antarctic ice sheet.

Reconcile economic growth with unprecedented rates of decarbonization or face planned economic recession

Some climate scientists are now stepping into the policy arena. Kevin Anderson and Alice Bows argue that the world will be hard-pressed to stabilize greenhouse gases at 650 ppmv CO2e, which implies a 50 percent chance of a catastrophic 4°C increase in mean global temperature, the desertification of much of the world’s habitable land mass, dramatically rising sea levels, and hundreds of millions of climate refugees by the end of the century. Indeed, unless we can reconcile economic growth with unprecedented rates of decarbonization (in excess of 6 percent per year), avoiding this increase will require a “planned economic recession.”

Rapacious global community is living beyond its ecological means

Of course, climate change is just one symptom of generalized human ecological dysfunction. A virtual tsunami of evidence suggests that the global community is living beyond its ecological means. By one measure, the human “ecological footprint” is about 2.7 global average hectares per person (gha/capita), yet there are only 1.8 gha/capita on earth. The human enterprise has already overshot global carrying capacity by about 50 percent and is living, in part, by depleting natural capital and overfilling waste sinks.

Humans are well equipped to confront this self-made crisis

In theory, Homo sapiens is uniquely equipped to confront this self-made crisis. Four critical intellectual and emotional qualities distinguish people from other advanced vertebrates. Humans have

  • an unequaled capacity for evidence-based reasoning and logical analysis;
  • the unique ability to engage in long-term forward planning;
  • the capacity to exercise moral judgment; and
  • an ability to feel compassion for other individuals and other species.

But we are stymied by cognitive and behavioral barriers to change

As noted above, despite decades of hardening evidence, mainstream global society nevertheless remains in policy paralysis, stymied by cognitive and behavioral barriers to change that have deep roots in both human nature and global society’s culturally constructed economic growth fetish.

If our hand were forced, how might we respond to save the planet?

But what if mounting public pressure (think Occupy Wall Street) or a series of miniclimate catastrophes finally overwhelms these barriers? Assume the world community becomes fully motivated to deal effectively with biophysical reality. Now the question becomes: What would truly intelligent, forward-thinking, morally compassionate individuals do in response to available data, the historical record, and ongoing trends?

Roadmap to Survival 2100

Establish the institutional and procedural basis for a worldwide “Survival 2100” project

In a more rational world, political leaders might come together in a special forum to acknowledge the nature and severity of the crisis and to establish the institutional and procedural basis for a worldwide “Survival 2100” project. This initiative would formally recognize

(a) that unsustainability is a global problem—no nation can achieve sustainability on its own;

(b) that unsustainability springs, in part, from the failure of a global development paradigm that is based on integration and consolidation of the world economy (globalization), deregulation, and unrelenting material growth;

(c) that the failed paradigm is a social construction, a product of the human mind; and

(d) that this is good—it means that the model can be deconstructed, analyzed, and replaced. In effect, the metagoal of Survival 2100 would be to rewrite global society’s cultural narrative to achieve greater social equity and economic security in ways that reflect biophysical reality.

Engineer the creation of a dynamic, more equitable steady-state economy

The major elements and themes of the new story are, in some respects, self-evident. The practical goal of Survival 2100 would be to engineer the creation of a dynamic, more equitable steady-state economy that can satisfy at least the basic needs of the entire human family within the means of nature. (“Steady-state” implies a more or less constant rate of energy and material throughput compatible with the productive and assimilative capacities of the ecosphere. Contrary to simplistic criticisms, a steady state is anything but static. Innovation will be more necessary, and necessarily more creative, than ever.)

Policy shift from getting bigger faster toward equity and qualitative development

Clearly the economic policy emphasis would have to shift from efficiency and quantitative growth (getting bigger faster) toward equity and qualitative development (getting truly better). Indeed, the steady-state economy would be a smaller economy. Eliminating overshoot requires a 50 percent reduction in global fossil energy and material throughput. And to address egregious inequity, wealthy countries will have to reduce their consumption by up to 80 percent to create the ecological space necessary for justifiable growth in developing countries. Implementing an equity-oriented planned economic contraction in turn requires that the underpinning values of society shift from competitive individualism, greed, and narrow self-interest—all sanctioned by the prevailing narrative—toward community, cooperation, and our common interest in surviving with dignity.

Global change is a collective problem requiring collective solutions

The emotive rationale for such a developmental about-face is captured in the last phrase above. Global change is a collective problem requiring collective solutions. Individual actions produce inadequate, even trivial improvements; no individual, no region, no country can succeed on its own. Perhaps for the first time in history, individual and national interests have converged with the collective interests of humankind. Governments and international organizations must therefore work with ordinary citizens to devise and implement policies that serve the common good on both national and global levels. Evidence abounds that failure to act in ways that reflect humanity’s shared interest in survival with dignity will ultimately lead to civil insurrection, geopolitical tension, resource wars, and ecological implosion.

Magnitude of the required value shift is daunting

The magnitude of the required value shift is daunting but manageable given sufficient resources. The world community will have to agree to fund worldwide social marketing programs to ameliorate “pushback” and bring the majority of citizens on board. Public reeducation is necessary both to inform ordinary citizens of the nature/severity of the crisis and to advance a positive vision for the future that will be more attractive than the future likely to unfold from maintaining the status quo. (Those who dismiss such broad-scale social learning as social engineering should remember that the denizens of today’s consumer society already represent the most thoroughly socially engineered generation of humans ever to walk the planet, and billions are spent every year to ensure that they remain wedded to the status quo.)

Essential Steps Forward

1/ Build sustainable conserver societies that would also abandon cult of consumerism

One thing that has passed its “best before” date is the contemporary cult of consumerism. The material ethic is spiritually empty and ecologically destructive. A sustainable society, by contrast, will cultivate investment and conserver values over spending and consumption.

A sustainable conserver society would also abandon predatory capitalism with its unbridled confidence in markets as the wellspring and arbiter of all social value. Unsustainability is quintessential market failure. Society must relegitimize public planning at all levels of government. We need selective reregulation and comprehensive extramarket adaptation strategies for global change.

2/ Internalize ecological and social costs of goods and services so that prices tell consumers the truth

A necessary first step would be to acknowledge that globalization encourages the externalization of ecological and social costs (think climate change). Many goods and services are therefore underpriced in the marketplace and thus overconsumed. As any good economist will acknowledge, government intervention is legitimate and necessary to correct for gross market failure. Indeed, resistance to reform makes hypocrites of those who otherwise tout the virtues of market economies. Truly efficient markets require the internalization of heretofore hidden costs so that prices tell consumers the truth.

Consistent with the concept of true-cost economics, Survival 2100 would recognize the need to

  • end perverse subsidies to the private sector (e.g., to the fossil fuel sector, the corn ethanol industry, and private banks “too big to fail”);
  • reregulate the private sector in the service of the public interest;
  • introduce scheduled ecological fiscal reforms—tax the bads (depletion and pollution) not the goods (labor and capital)—which might require a combination of pollution charges/taxes on domestic production and import tariffs on underpriced trade goods; and
  • tie development policy to the “strong sustainability” criterion (i.e., maintain constant, adequate per capita stocks of critical natural, manufactured, and human capital assets in separate accounts).

This final point requires that we learn to live on sustainable natural income, not natural capital liquidation. Society must therefore

  • implement “cap-auction-trade” systems for critical resources such as fossil fuels (i.e., place sustainable limits on rates of resource exploitation, or waste discharges; auction off the exploitation rights to available capacity; and use the rents captured to address subsequent equity issues);
  • revise systems of national accounts to include biophysical estimates of natural capital stocks and sinks in support of such a system; and
  • replace or supplement gross domestic product with more comprehensive measures of human well-being.

3/ Develop deglobalization plans favoring relocalization

Survival 2100 would also require that society unravel the increasingly unsustainable eco-economic entanglement of nations induced by globalization. Without becoming isolationist, nations should strive for greater self-reliance. In the service of “efficiency,” unconstrained trade allows trading regions to exceed local carrying capacity with short-term impunity, while increasing the risk to all by accelerating waste generation and depleting remaining reserves of natural capital. In the process, this creates mutual dependencies that are vulnerable to accelerating global change, energy bottlenecks, and geopolitical instability. The world and individual nations should therefore revise or abandon World Trade Organization rules and similar regional trade treaties (e.g., NAFTA). In place of these agreements, we instead need economic plans and accords that also foster local economic diversity and resilience. “Trade if necessary, but not necessarily trade” is a suitable mantra. Nations should therefore

  • develop deglobalization plans to reduce their dependence on foreign sources and sinks (i.e., reduce a nation’s ecological footprint on other nations’ ecosystems and on the global commons);
  • simultaneously relocalize (i.e., reskill domestic populations and diversify local economies through import displacement);
  • generally increase national self-reliance in food, energy, and other essential resources as a buffer against climate change, rising scarcity costs, and global strife; and
  • invest in rebuilding local/regional natural capital stocks (e.g., fisheries, forests, soils, biodiversity reserves, etc.) using revenues collected from carbon taxes or resource quota auctions.

4/ Renew the social contract and repair holes in the social safety net

Economic contraction and massive structural change inevitably have adverse social effects. Consistent with the principles of community solidarity and cooperation, as well as society’s shared interest in the peaceful resolution of the sustainability conundrum, Survival 2100 would explicitly renew the social contract and repair holes in the social safety net. This would include

  • a return to more progressive taxation policies encompassing income, capital gains, and estate and corporate taxes;
  • recognition that a negative income tax may be necessary to assist low-income families through the transition;
  • using the tax system and related policies to promote a cultural shift from private capital accumulation to investment in public infrastructure (e.g., transit, community facilities) and human development;
  • designing and implementing new forms of social safety nets to facilitate peoples’ transition to the postcarbon economy in which obsolete, unsustainable “sunset” industries are phased out (e.g., coal-based electricity generation);
  • implementing job-training and job-placement programs to equip people for employment in emerging “sunrise” industries (e.g., solar energy technologies);
  • capitalizing on the advantages of a shorter work week and job sharing to improve work-life balance (self-actualization); and
  • implementing state-assisted family-planning programs everywhere to stabilize/reduce human populations.

Conclusions: Can Survival 2100 Fly?

Good news/Bad news

The forgoing is only an introduction to the kinds of policies implicit in a Survival 2100–type project, but it is sufficient to show that sustainability does, indeed, demand what many scientists (and even politicians) have been asserting for decades. We are engaged in a genuine paradigm shift—the abandonment of the beliefs, values, assumptions, and behaviors underpinning the status quo and their replacement by an alternative development paradigm. The good news, of course, is that the alternative offers a more economically secure, ecologically stable, and socially equitable future for all than does staying our present course.

The bad news is that there will be strident resistance from those with the greatest stake in the status quo, from people who reject global change science, from extreme libertarians, from those who worship at the altar of the marketplace, and from anyone who regards regulation and government—particularly in the international arena—as the spawn of the devil (e.g., factions of the U.S. Republican and Tea Parties who “repudiate sustainable development and describe the global effort to achieve it as ‘destructive and insidious’” and who regard UN agencies and various NGOs as anti-American conspiracies). More generally, planned economic contraction hardly resonates with the times. Indeed, if the basic science of global change is correct, resistance to change may well be the greatest threat to the future of global civilization and overcoming it a more difficult task than implementing the transformation itself.

Consequences of failure – Collapse on a global scale

And failure is possible. As anthropologist Joseph Tainter reminds us, the most intriguing thing about complex societies is the frequency with which their ascent to greatness is interrupted by collapse. Collapse on a global scale, however, would be unprecedented. Should H. sapiens fail in efforts to implement something like Survival 2100, evolution’s great experiment with self-conscious intelligence will have finally succumbed to more primitive emotions and survival instincts abetted by cognitive dissonance, collective denial, and global political inertia.

But if we succeed … !!

*****

William Rees is Professor at the University of British Columbia’s School of Community and Regional Planning (SCARP) He is the originator of ‘ecological footprint analysis.’ He is a Fellow of the Post-Carbon Institute and a Founding Fellow of the One Earth Initiative.

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‘sustainability’ ‘resiliency’ ‘complexity’ ‘collapse’: Do you really know what these terms mean?

No 124 Posted by fw, February 27, 2011

Collapse, complexity, sustainability, and resiliency are common terms, yet are frequently offered without definition, or with definitions that are less than useful.” Joseph Tainter

In his 2005 paper, Social complexity and sustainability, Tainter puts forward his own definitions of these key concepts. In addition, his discussion of the misuse of the term ‘degradation’ as an antonym for ‘sustainability’ is pertinent. Tainter’s definitions are offered as an addendum to my seven-part series, Can Joseph Tainter save us from ourselves?

collapse: a rapid simplification, the loss of an established level of social, political, or economic complexity. (Elsewhere, Tainter has said: “Societies actually collapse by the same processes by which they become more complex, that complexity is the key driver that leads to collapse and that also leads societies to grow“).

complexity: in human social systems, complexity refers to differentiation in both structure and behavior, and/or degree of organization or constraint; social systems vary in complexity as they diversify or contract in structure and behavior, and/or as they increase or decrease in organizational constraints on behavior

sustainability: is the capacity to continue a desired condition or process, social or ecological

Tainter arrives at the above definition of ‘sustainability‘ after lengthy discussion, as follows:

The definition of sustainability most widely cited was offered in 1987 by Gro Harlem Bruntland, then Prime Minister of Norway. “Sustainable development is development that meets the needs of the present without compromising the ability of future generations to meet their own needs.” While this definition will no doubt continue to be widely cited, it has limited operational usefulness. Befitting a political leader, the definition is too general to guide behavior. It is so vague “. . . as to be consistent with almost any form of action [or inaction]”.

The Oxford English Dictionary lists twelve definitions of ‘sustain, of which two seem especially pertinent. Number four, deriving from Middle English, reads “to keep in being; to continue in a certain state; to keep or maintain at the proper level or standard; to preserve the status of.” Number six, from about 1700, is “to support life in; to provide for the life or bodily needs of; to furnish with the necessities of life; to keep.” This later definition is consistent with, and indeed underpins, biologists’ conceptions of sustainability (e.g., “to keep or maintain by furnishing the necessities of life”). The older definition, though, is more consistent with common usage. Since sustainability depends ultimately on the population at large, common conceptions of sustainability must be acknowledged. People sustain what they value, which can only derive from what they know. Ask people what they wish to sustain, and the answer will always involve positive or valued parts of their current way of life. For example, conflict between environmental advocates and rural people who live by natural resource production is not just about ecology versus economics. The conflict is also about maintaining a way of life.

Sustainability is not the achievement of stasis. It is not a passive consequence of having fewer humans who consume limited resources. One must work at being sustainable. The challenges to sustainability that any society might confront are endless in number and infinite in variety.

resiliency: the ability of a system to adjust its configuration and function under disturbance

Here’s Tainter’s discussion regarding the use of ‘resiliency‘:

Given the discussion above, it is important to distinguish ‘sustainability’ from ‘resiliency’. Sustainability is the capacity to continue a desired condition or process, social or ecological. In social systems, resiliency can mean abandoning sustainability goals and the values that underlie them. Sustainability and resilience can conflict. Resiliency is the ability of a system to adjust its configuration and function under disturbance. The goal of human groups is more often sustainability or continuity than resilience. Most of us prefer the comfort of an accustomed life (sustainability) to the adventure of dramatic change (resiliency). We find it difficult to recognize, let alone alter, the ingrained values that underlie our sustainability goals. A fully resilient society would be a valueless one, which by definition cannot be. Nevertheless, resiliency is evident in human history, and important to understand when it occurs.

degradation: Wikipedia uses the term “environmental degradation”, defining it as the deterioration of the environment through depletion of resources such as air, water and soil; the destruction of ecosystems and the extinction of wildlife. It is defined as any change or disturbance to the environment perceived to be deleterious or undesirable

However, Tainter points out that degradation is often mistaken to be the opposite of sustainability:

Sander van der Leeuw points out that degradation‘ is a social construct. It has no absolute references in biophysical processes. He provides several examples to demonstrate that in the realm of sustainability and degradation there are winners and losers. Far from being rigidly linked to biophysical processes, these terms mean what people need them to mean in specific circumstances. For example: in Epirus, in the northwest of Greece, degradation appears as an increase of scrub vegetation that chokes off a formerly open landscape. A centuries-old pastoral life, in which local villages were sustainably self-sufficient, is now impossible. To urban residents the landscape now appears “natural,” but to Epirotes it has been degraded. Moreover, the spread of shrub and tree cover has reduced the supply of groundwater and the flow of springs.

Can Joseph Tainter save us from ourselves? Pt 7/7: Seven strategies for coping with complexity

No 123, Posted by fw, February 24, 2011

There are no simple answers to ensuring a prosperous future. But we do need one thing, and that’s that we need an adult conversation. And that is what we lack in this country. We certainly lacked it in the recent election. In fact we lack it in every election. Our political system is dysfunctional. They do not operate as adults. And we, the electorate, have allowed them to get away with it. Joseph Tainter, November 2010

In Part 6, We can’t innovate our way to a sustainable future, Dr Tainter’s evidence led to the inescapable conclusion that technological innovation has reached the point of diminishing returns: “We can continue innovation only by taking resources from other major sections of the economy — for example, health care, defense, transportation, and infrastructure.”

I’m focusing this post, Part 7, on Tainter’s look into the future, the challenges of “converging problems”, the dilemma of problem solving, alternative problem solving options, and his seven strategies for coping with complexity. Having reviewed the predicament that contemporary societies face, he closes his presentation with a question: What do we need to do? As in Part 6, I have drawn selectively from YouTube’s 5-part video series, Why societies collapse and what it means to us.

Converging problems

Here is Tainter’s list of major challenges that will converge over the next 20 to 30 years. The fact that these stresses will converge almost simultaneously compounds the gravity of the situation:

  1. Funding retirements for the Baby-Boom generation;
  2. Continuing increases in health care costs;
  3. Replacing decaying infrastructure;
  4. Adapting to climate change and repairing environmental damage;
  5. Developing new sources of energy;
  6. Continuing high military costs (particularly for the U.S.); and
  7. Increasing costs of innovation.

What these problems have in common

  • They will converge over the next 20 to 30 years, perhaps over the next 10 to 30 years or so;
  • Individually, any one of these problems would be tractable, but converging at once, more or less simultaneously, they present major fiscal challenges;
  • One of the disturbing aspects of addressing these problems is that solving them seems to generate no new wealth;
  • Just to maintain the status quo, we must solve these problems; and
  • Increasing complexity and the costliness of maintaining the status quo are precisely what undermined the Roman Empire.

The problem solving dilemma we are facing

  • We will have to address these converging problems as a time when: (a) net energy will be declining and energy will be more expensive, taking a larger share of household budgets; and (b) innovation will continue to decline in productivity making it less able to generate new growth or produce increased technical efficiency;
  • Problems are inevitable; therefore, the process of increasing complexity is inexorable;
  • Increasing complexity produces increasing costs and diminishing returns;
  • When problems emerge, the cost of solving them usually appears acceptable. The damage comes from cumulative costs; and
  • Societies become vulnerable to collapse through the mundane process of solving problems.

Leadership and collapse

  • Political leaders generally attempt to solve societal problems;
  • Everything the Roman emperors did was a logical response to circumstances. Without these steps the Empire would have collapsed sooner; and
  • Decision making sets in motion long-term consequences that may result ultimately in catastrophe.

Tainter’s seven strategies for coping with complexity

Tainter’s study of social complexity does not yield optimistic results. However, he emphasizes that complexity is not inherently detrimental. He offers seven strategies for coping with complexity in his 2005 paper, Social complexity and sustainability:

  1. Be aware: Complexity is most insidious when key decision makers are unaware of what causes it. It is particularly important to understand that unsustainable complexity may emerge over periods of time stretching from years to millennia, and that cumulative costs bring the greatest problems;
  2. Don’t solve the problem: Not solving problems is a strategy that is rarely adopted. Yet often we do choose not to solve problems either because of their cost or because of competing priorities;
  3. Accept that there is a problem and pay the cost of complexity: Governments often pay the cost of problem solving by increasing taxes, and businesses by increasing prices. Paying the true, ongoing cost of complexity can generate high levels of conflict, including taxpayer and consumer rebellion;
  4. Find subsidies to pay the costs: Nations did this when they colonized or conquered foreign lands. Industrial and post-industrial societies subsidized rapid economic growth with cheap, easily accessible fossil fuels. Anxiety over future energy supplies is not just about maintaining a high standard of living, it also concerns our future problem solving capacity;
  5. Shift or defer the costs: This is one of the most common ways to pay for complexity. Budget deficits, currency devaluation, and borrowing or externalizing costs are widely practiced. It is a strategy that can work only for a time. When it is no longer feasible, the economic repercussions may be far worse than if the costs had never been deferred;
  6. Connect / reconnect costs and benefits: In order to control complexity, costs and benefits must be connected so explicitly that the tendency for complexity to grow can be constrained by its costs. This means that information about the cost if complexity must flow accurately and effectively. But all too often the flow of information from the bottom to the top of a hierarchical institution is frequently inaccurate and ineffective. As a result, managers tend to be very poorly informed about the costs of complexity; and
  7. Recalibrate or revolutionize the activity: This involves a fundamental change in how costs and benefits are connected, and is potentially the most far-reaching technique for coping with complexity. Fundamental changes of this sort are rare and depend on opportunities for positive feedback, where system elements reinforce each other. For example, Watt’s steam engine facilitated the mining of coal by improving the removal of ground water from the mines. Cheaper coal meant more steam engines could be built and deployed, facilitating the production of even cheaper coal.Combine coal, steam engines, and railroads, and we had most of the components of the Industrial Revolution, all mutually reinforcing each other. The economic system became more complex, but the complexity involved new elements, connections, and subsidies that produced increasing returns.

What do we need to do?

Tainter is very candid in answering this question:

There are no simple answers to ensuring a prosperous future. But we do need one thing, and that’s that we need an adult conversation. And that is what we lack in this country. We certainly lacked it in the recent election. In fact we lack it in every election. Our political system is dysfunctional. They do not operate as adults. And we the electorate have allowed them to get away with it. So here are some of the things I think we need to have an adult conversation about“:

  • Will household wealth grow in the future as it has in the past? What are the consequences if it doesn’t grow?
  • What are we going to do about energy? We need alternatives to fossil fuels and we need to scale up on a massive scale and very quickly.
  • Will we be facing an economy in a steady state or in decline? “There are people who advocate what’s called a steady state economy. I am not one of them. I don’t advocate a steady state economy. But the results of the innovation research made me wonder if in fact that might be what we’re heading for. And a steady state economy, I think, would have repercussions in employment levels, in wellbeing, in popular discontent that would not be desirable.”
  • Do we want to pay the cost of solving our problems?

Watch the 1 hour, 10 minute video of Dr Tainter’s 2010 Conference presentation here –