Sourced from transitionvoice.com

Richard Heinberg proposes a startling diagnosis: humanity has reached a fundamental turning point in its economic history.

“Why have mainstream economists ignored environmental limits for so long? If Heinberg is right, they will have much explaining to do.” says Lester Brown, Founder of the Earth Policy Institute.

Now that the world is reaching the end of cheap abundant oil and coal supplies, there is a real risk of falling off a cliff. “Heinberg shows how peak oil, peak water, peak food, etc. lead not only to the end of growth, but to the beginning of a new era of progress without growth” says Herman E. Daly, Professor Emeritus, School of Public Policy, and University of Maryland.

However the Post-Carbon institute is leading a transition to a post-carbon future that can be managed. “By the time you finish Heinberg’s book, you will have 2 conclusions: This is the end of economic growth and it is our problem, not our childrens” says Pal Gilding, former head of Greenpeace International.

Since fossil fuels have powered human growth and ingenuity for centuries, John Fullerton, president and founder of Capital Institute, concludes that “Richard has rung the bell on the limits to growth. Our shift from quantity of consumption to quality of life is the great challenge of our generation. Frightening…but ultimately freeing.”

ARB Team
Arbitrage Magazine
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