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The First Death Rattle of Our Unsustainable Economy, Part II

Rebekah and Stephen Hren, authors of The Carbon-Free Home: 36 Remodeling Projects to Help Kick the Fossil-Fuel Habit, have been writing a series of articles for the Huffington Post on the collapse of our unsustainable economy. You can read the first part here.

The following is an excerpt from Part II.

We promised to take a look at what a sustainable economic system might look like, and we’ll do that in our next blog, but there are at least two other contradictions inherent to our current economic system so glaring they deserve a quick mention. The first of these is similar to the primary problem bedeviling the “wizards” down on Wall Street, and that problem is that if something can’t be traded then it appears to have no value. Where the inherent value resides in a Credit Default Swap we aren’t quite sure, but honestly we’re a lot more concerned with things like the environment, renewable energy, personal independence, our relationships with our family and friends, and time to relax in our garden with a glass of homebrew.

A beautiful forest teeming with wildlife surely has value, but according to our economic system it is worthless until we take some aspect of it, the trees or the wildlife or the property itself, and sell it to another human. Unfortunately, at that point its original value will most likely be compromised by removing some of the resources: whether trees for logging, wildlife to protect crops or livestock, or just bulldozing wholesale for replacement with a new McMansion or Burger King.

This first contradiction — the lack of perceived economic value — has led to massive distortions in our conversation about renewable energy. It is much easier and cheaper to take solar energy and use it for things that need to be heated up rather than to turn that same solar energy into electricity. While solar water and solar air heaters can achieve efficiencies of 60%, a typical solar electric (photovoltaic or PV) panel will be only around 15% efficient. You might think that since our economy is so “efficient” we would not be embarking on huge solar electric projects until we’ve used solar energy to directly heat our homes and our water. But this isn’t what happens. Instead, since solar generated heat is not usually traded, according to our economic system it has little or no value. Indeed, when we install a solar air heater on someone’s home, they will actually use less traded energy (typically coal or natural gas generated) and our so-called “economy” will shrink, even though they are now polluting less and using solar energy as efficiently as possible, not to mention having achieved a degree of energy independence.

Read the whole article here.


Chelsea Green Weekly for May 5, 2017

Ever wonder what your favorite Chelsea Green authors do between writing groundbreaking–both literally and figuratively–books? Here are the best links and resources for your weekend reading pleasure. Let’s start with The Alzheimer’s Antidote. The Alzheimer’s Antidote Amy Berger has been making the rounds on the health, wellness, and fitness circuit, explaining the theories behind her revolutionary […] Read More

Q&A with Kate Raworth about her radical new book, DOUGHNUT ECONOMICS

Q: First things first: Why did you want to write this book? A: I studied economics at university 25 years ago because I wanted to make a difference in the world and believed that economics – the mother tongue of public policy – would best equip me to do that. Instead, its theories left me […] Read More

Revisiting Naomi Wolf’s Call to Patriots–10 Years Later

Reading Naomi Wolf’s book The End of America: Letter of Warning to a Young Patriot today is an eerie experience. Written in 2007, it detailed the ways in which the Bush administration was beginning to chip away at the freedoms of American citizens. It outlined the ten steps dictators or would-be dictators take when their […] Read More

Chelsea Green: In the Media 2016

Oh, 2016. Where did the time go? Each year, Chelsea Green receives hundreds of mentions (well over 1000 in 2016) in the media both big and small. From interviews, to excerpts, to opinion pieces by authors we’re always working to make sure that the mission and message of each book is spread far and wide. […] Read More

Yes, America We Can Make It … Really

Uncertainty got you down? The political world may seem like it’s crumbling around us, but this we know: We can make it, America. Literally, we can make things. Houses. Gardens. Food. Below we’ve selected some of our classic how-to and DIY books (and some new favorites) to help you sustain your self, family, and community. […] Read More
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