"System change is now inevitable. Either because we do something about it, or because we will be hit by climate change. '...

"We need to develop economic models that are fit for purpose. The current economic frameworks, the ones that dominate our governments, these frameworks... the current economic frameworks, the neoclassical, the market frameworks, can deal with small changes. It can tell you the difference, if a sock company puts up the price of socks, what the demand for socks will be. It cannot tell you about the sorts of system level changes we are talking about here. We would not use an understanding of laminar flow in fluid dynamics to understand turbulent flow. So why is it we are using marginal economics, small incremental change economics, to understand system level changes?"

Thursday, May 1, 2008

Extraterrestrial Intelligence

Dot Earth points out that the director of the CIA offers us intelligence about the three great strategic threats of the coming century. Energy, food security and the environment are not mentioned, even in passing. I believe we have the intelligence director from an alternate universe, possibly on account of some sort of transporter beam malfunction. Somebody had better tweak some knobs real quick and get the real director back.

We need intelligence regarding the planet we actually live on as opposed to advice about some alternate earth.

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