But our current system of managing our environmental household is all about designing bad loan schemes to defraud nature’s central bank and passing on the debt to future generations. In order to exploit the natural world, we have rigged accounting rules and ignored the financial and ecological value of intact ecosystems, biological diversity, clean water, and many other forms of the planet’s natural capital. This has actually worked for some decades and created Western wealth as we know it.
But the Ponzi scheme of hyper-consumerism is approaching the equivalent of the Lehman collapse in 2008. Ecologists tell us that humans are consuming natural resources at a scale and speed that 1.3 planet Earths would be needed to sustain it, and that it would take four to five planets if all the Earth’s 7 billion people wanted to live like the West. With more ecological problems building up, it’s time to pay the bills ourselves, rather than fobbing them off on children.
A Planetary Crisis Is A Terrible Thing to Waste
Arithmetic, Population, and Energy.