“Why don’t they make their countries better?!!”
*They tried and we overthrew their democratically elected governments
“climate change – which he says presents the strongest critique of the capitalist system.
“It reminds one of Jared Diamond’s story of collapse on Easter Island where they cut down the last tree and there they were, unable to paddle to any other island and they’d destroyed their future,” he says.
“We’re doing the same. The magnitude of the dysfunction is unbelievable. And what’s remarkable about it is, some of the work I’ve done has shown the cost to our society of dealing with this is minuscule, at most 2% of GDP, whereas the cost of not dealing with it could be horrendous.”
In the lead-up to his Australian visit, the renowned economist warns of the triple threat of rising inequality, the undermining of democracy and climate change
“Spanish workers have no problem ditching their jobs for an entire month every year, given that they have a statutory minimum of 22 paid vacation days according to the OECD. When the country’s 14 public holidays are added to that allowance, workers are able to enjoy 36 days of paid leave every year.”
Many Americans don’t even get a full weekend off
While people in Spain and France hit the beaches en-masse for weeks on end during the summer, odds are that most Americans who aren’t self-employed will still be stuck at their desks.
Great way to allocate resources…
“According to Digiconomist’s Bitcoin Energy Consumption Index, as of Monday November 20th, 2017 Bitcoin’s current estimated annual electricity consumption stands at 29.05TWh.
That’s the equivalent of 0.13% of total global electricity consumption. While that may not sound like a lot, it means Bitcoin mining is now using more electricity than 159 individual countries (as you can see from the map above). More than Ireland or Nigeria.”
The map above shows which countries consume less electricity than the amount consumed by global bitcoin mining Bitcoin’s ongoing meteoric price rise has received the bulk of recent press attention with a lot of discussion around whether or not it’s a bubble waiting to burst. However, most th
“Jacobson, director of Stanford’s Atmosphere/Energy Program, said the researchers found that — rather than harming the economy and taking away jobs, as critics contend — the shift to wind and solar would create a net of more than 20 million full-time jobs worldwide.”
A research group based at Stanford University has drawn a plan for nations to reduce global warming by relying on solar and wind power.