I am attaching the YouTube interview between the Post Carbon Institute’s Asher Miller and Post Carbon Institute Fellow and University of Minnesota Adjunct Professor Nate Hagens. They are discussing the near and long-term implications of COVID-19 on the financial, energy and overall economy. Recorded March 16, 2020.
Some of the ideas that I gleaned from this video on my first listen:
- The current market model is like a beach ball. It will always work to resurface. You can’t keep it under water, but it takes tremendous energy to keep it up in the air.
- What we need is not more lift in the beach ball, but more air bags that can act as shock absorbers. Shock absorbers are similar to buffers whether they be social, environmental, medical or financial, etc.
- A funny comment: The energy to keep our beach balloon up in the air is GDP, or as they refer to it at the Post Carbon Institute, ‘Gross Domestic Burning’.
Impact on the Citadels conversation:
- Where will the money come from to support that balloon? Taxes? Carbon taxes?
- How important is it to adjust our lifestyle to be lower cost?
- How successfully can regenerative lifestyles adapt to these future concerns?