The Global Economic System and Uncertain Employment

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Our global culture is drowning in debt, with a debt to GDP ratio of 350-400%. To put it simply, it's like earning $100,000 a year but owing the banks $350,000. And to make things worse, we're spending more than we're earning, risking layoffs and stagnant wages. Our global economic system is in dire need of a resource reality check.

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