Neo-classical economics treats energy as just another input and the creation of pollution is of no consequence. Steve Keen debunks this
“A machine without energy is a statue, a worker without energy is a corpse”.
And today the economists, scientists, the corporate elite and mainstream environmentalists are falling over themselves to tell us that environment will be saved because it is “economic” to use 10 units of energy to get 4 in return and to load up with debt that the future has to repay. Peak human absurdity; it’s in the papers every day. For example, the Grattan Institute’s pushing green ‘hydrogen’ steel considers only $, no analysis of the energy or resource requirements. The Emperor has no clothes; but a lot of tailors are protecting their jobs in academia and NGOs and industry by spouting sustainability nonsense.
The economy was stuffed before the pandemic. The economic position that Liberal and Labor have is to grow GDP by selling out Australia with free trade agreements, money laundering their mates and force-feeding Australia with people (migrants and ‘students’). The Greens call racist on any discussion on immigration levels, the Unions support the immigration-ponzi because it keeps their construction gravy train rolling and Vice Chancellors sell visas, not education. I’d much prefer seeing easier access for refugees than allowing people to bribe and buy their way here.
We used to skill up young Australians. Not anymore. Liberal, Labor and the Greens have no problems keeping these occupations on the skills shortage visa list. Do you?
But others are much more eloquent than I on the hollow shell our economy has become and the societal and environmental destruction yet to be fully realised.
The fact is Australian youth has been systematically abused economically for twenty years. Their wages and job security have been destroyed. Their prospects for homeownership destroyed. Their proportion of national income and wealth destroyed. Their role in the national budget destroyed. Their role in political decision-making destroyed. Their future in a sustainable environment destroyed. Their hope of getting out from under the greediest generation in history destroyed. Their very freedom jeopardised and their nation morphed into a kleptocratic zone owned exclusively by the old hand-in- hand with the Nazi Party of China.
This Is How It Ends: All That Is Solid Melts Into Air – Charles Hugh Smith.
Our Finite World – Gail Tverborg has for years has written on the energy economy nexus.
If we assume that, as of 2020, renewable energy is providing 15% of total energy, then to reach 100% renewable energy by 2030 - and thus achieve zero emissions of CO2 - while maintaining GDP at the 2020 level, would require the installation of renewable energy sources capable of yielding the energy equivalent of roughly 12 billion tonnes of oil every year.