Michel Bauwens: Richard Heinberg on End of Economic Growth

Economics/True Cost
Michel Bauwens

YouTube (57:27)  The End of Economic Growth – Richard Heinberg in Australia

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Published on Oct 5, 2012 by

Journalist and author Richard Heinberg has dedicated his life to understanding the notion of ‘The End of Economic Growth’, why it is upon us and how humanity should best prepare and recalibrate itself for life in world beyond peak oil. Richard gave this fascinating in-depth public lecture at the University of South Australia while promoting his book ‘The End of Growth’ on September 25th, 2012. It was co-presented by Sustainable Population Australia and several other dedicated South Australian grassroots social and political action groups. https://www.population.org.au

in this one hour presentation, Richard Heinberg explains the close link between the resource/environment and the social/economic components of the present disintegration. As a journalist with a keen understanding of science and maths he does it better, more comprehensively and more clearly than most others. While the conventional wisdom is that we must get ‘the economy’ growing again, Heinberg shows that not only is this the wrong strategy, it is actually making the situation worse and more intractable.

Richard is a Senior Fellow of the Post Carbon Institute and is widely regarded as one of the world’s foremost Peak Oil educators. Richard’s latest book The End of Growth follows a number of others that deal with declining resources, particularly oil. His books have been translated into eight languages. Since 2002, Richard has given over four hundred lectures on oil depletion to a wide variety of audiences. He is a recipient of the M. King Hubbert Award for Excellence in Energy Education (2006). He has appeared in a number of documentaries, the most recent being Earth 2100 ABC (US) television, 2009).

Continuous growth of either population or GDP is impossible in a finite world. Both these drivers of unsustainability have now run up against Nature’s biophysical limits. Nature is now forcing humanity to a transition.