If we bend and not head to max, Mad Max, we will have a significantly smaller economy, very low resource prices because our decline in affordability far outpaced our decline in oil availability. And this will be a post growth economy, something like a Great Depression on steroids. I actually think that's of all the 10 things I'm about to say is probably the most likely path. Number nine, putting real prices on the goods and services that we pay in the world. If we did full cost externalities were internalized there would not be a single industry on the planet that would be profitable.
In Part 3 of this Frankly Series, Nate (just after watching the movie Oppenheimer!) breaks down the logic of how we COULD arrive at a post-growth future. Our global situation is complex and not static - IF we somehow are able to shrink the global economic output (which would imply significantly less oil use) we first have to navigate ‘the 4 Horsemen of the 2020s’. Nate outlines 10 possible avenues for how this could happen, not as a prescription but as a description of various possible scenarios. The implications of the complexity of our global systems means a path to a world without our current dependence on growth will not be an easy one. Yet understanding these hurdles between our current situation and an eventual post-growth future is essential to shifting the initial conditions of such a global transformation towards ‘better-than-the-default’ outcomes. How do impending and converging risks narrow our options for ways to move towards a different global system - and can we manage to protect the things that make life worth living?
Watch on Youtube: https://youtu.be/EhOhfRrvYI0
For Show Notes and More: For Show Notes and more: https://www.thegreatsimplification.com/frankly-original/40-just-stop-oil-part-3-10-pathways-to-post-growth