By Brian Czech

Politicians, economists, and Wall highway might have us think that unlimited fiscal growth is the Holy Grail, and that there's no clash among turning out to be the financial system and retaining the surroundings. offer surprise debunks those generally permitted myths and demonstrates that we're in reality navigating the tip of the period of financial development, and that the single sustainable replacement is the advance of a gentle country economy.

Starting with a refreshingly available, complete critique of financial development, the writer engages readers in an important subject that is affecting every body in each state. Publishers Weekly favorably in comparison Brian Czech to Carl Sagan for popularizing their tough topics; provide surprise indicates why.

Czech offers a compelling substitute to development in keeping with prepared clinical, financial, and political insights including:

- The "trophic concept of money"
- The missed resource of technological growth that forestalls us from reconciling development and environmental protection
- daring but functional guidelines for constructing a gentle nation economy

Supply surprise leaves doubtless that the most important inspiration of the 20th century—economic growth—has turn into the largest challenge of the twenty-first. Required studying for a person excited about the realm our kids and grandchildren will inherit, this landmark paintings lays a pretty good origin for a brand new fiscal version, possibly in time for combating worldwide catastrophes; definitely in time for lessening the damages.

Brian Czech is the founding father of heart for the development of the regular country economic climate (CASSE), the top association selling the transition from unsustainable progress to a brand new monetary paradigm.

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Additional info for Supply Shock: Economic Growth at the Crossroads and the Steady State Solution

Sample text

No one can predict precisely what a truly “Olduvaic” scenario might be, but it doesn’t take a paranoid mind to conjure up images of Mad Max or Escape from New York City. There may not be any superheroes fighting off the bad guys, but there will be plenty of fighting, and plenty of bad. Some countries will handle grid blackouts better than others, especially in summer. On July 30, 2012, a blackout in India took the electricity away from 670 million people — ​roughly ten percent of the global population — ​with outages running two days in most cases.

16 Doesn’t it seem like something is truly, horribly awry? If we keep stocking the grocery shelves with an increasing volume of grains, meats and vegetables via fossil fuel combustion and fertilization, we court soil erosion and global warming. If we stop the ­fertilization This ebook sold by New Society Publishers. All Rights reserved. No part of this ebook may be copied or sold. 14 Supply Shock and the fossil fuel combustion, we pay more for our food and start going hungrier. Either way we forego good drinking water, in the first case by using more water for agriculture, and in the second by sacrificing the spring water trucked in from afar.

Only the muddle-headed would call this a misguided “Malthusian” analysis. When agricultural and transportation systems break down, it is precisely hunger and thirst that transpire, especially with so many people dependent upon bottled, transported water. Meanwhile, according to economic theory and history, fossil fuel combustion will not be abandoned as long as the price of fossil ­fuels does remain competitive, for example if Peak Oil turns out to be more of a mesa than an Olduvai Gorge. There is little incentive for corporations, who conduct most of the research and development in the United States, to develop alternative methods.

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