From FRANK KAMINSKI
Mud City Press via Energy Bulletin
The End of Growth: Adapting to Our New Economic Reality By Richard Heinberg
While “experts” assure us that the economy is slowly emerging from recession, a growing camp of well-informed dissenters thinks not. The scant evidence of recovery, insists this group, is not an anomaly but the sign of a profound sea change. The End of Growth, one book unequivocally calls it, next to a cover image of a burst balloon and a pin. The book’s author, Richard Heinberg, makes his case by far the most eloquently and comprehensively—and though it may be a decidedly unwelcome one for those now struggling, that doesn’t detract from its validity.
The limits-to-growth debate began in 1972 with the MIT report of the same name. That seminal study concluded that without preventive action, sometime early this century the global economy would collide catastrophically with hard ecological limits. No one acted, and now the economy is, in Heinberg’s judgment, trapped in a rut from which there’s no escape. Heinberg is a leading authority on one critical natural limit precluding further growth, that of oil supply—on which his The Party’s Over is a standard reference. In this new book, he argues that industrial economies are on the eve of a great contraction… Full book review here