Discover and read the best of Twitter Threads about #Econobscene

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My thoughts on …inabilitycommunity.springernature.com/posts/climate-… Damages to economic activity also come from 100s of millions of refugees in a very, VERY short time. They drive sudden urbanisation and with it, societal upheaval. And in cross-border migration, they drive regional destabilisation and its
neighboring regions. Nationalists gain strength, close borders, grab power over economic decision making, nationalisation etc. In the process, all this heightens the sense of insecurity and that leads to less spending and fewer investments. Which increases real insecurity due to
closed companies and job losses.

The assumption by economists that societal upheaval from climate disasters and increased numbers of refugees in a VERY short time doesn't negatively affect trade and consumption, and can therefore be left out of their modelling? To me, it shows
Read 8 tweets
Sonntag Edenhofer bei @JungNaiv? Mein Zwerchfell krampft in resignierter Erwartung fehlender Einordnung:
In 2˚-Budgets, langsam über 2 Dekaden funzt CO2-Preis🌍sozial.

Bloß: -50% aller THG bis 2030👉zu 90% Sicherheit overshoot auf 2.1˚; 1.9˚bis 2100.

Und 2˚≙ ~500mio Refugees👎 Image
Mit 0 sozio-politischer Weitsicht framen Ökonomen Klima als reines Geld- und discount-Thema. #Econobscene

So würden wir 2˚vor 2050 erreichen und auf dem Weg dahin? Globale Destabilisierung.
Der Klima-Exodus aus Levante & N-Afrika zieht an bei ~1.5˚/2030...
CO2-Preis ist der Weg kleiner Schritte und Tippelschrittchen sind für nahe 1.5˚zu langsam. Wär CO2-Preis hoch genug, gäbs global ! plötzliche Armut.

Polluter Pays ist ethisch verwerflich und wegen der engen planetaren Grenzen auch kein anwendbares Konzept.
Read 11 tweets
I'm circling economics like a cat would a venomous snake. This bit ticks one item off the looming list of "To Be Urgently Understood": Modern Money Theory MMT.

€-zone can't use it.
Phew. Should I stop circling and just read @SchickGerhard's new book then? #Econobscene
Schick in 2011 on Greens' GND, proposed in 2009 election campaign vimeo.com/31075090 Applicable 1:1 today. Eerie. And Merkel's CDU didn't tackle any of it. Like, fix 1 crisis but amplifying crises 2 and 3? Or insurers don't know where to invest in light of rising inequality?
The 3 crises Schick identifies in the short talk in 2011 are of course
the banking crisis
climate change
rising inequality.
Paraphrasing 'A person today should rather be investing in insulation of his home and a heat pump than wondering whether to buy bonds or company shares'
Read 7 tweets
Road access? "Road" refers to a last-century tech, ie cars and trucks. Why cut through 🦠-loaded biomes to build roads with GHG-heavy cement / machinery.

Air strips, e-planes, cargo drops, drones wd be a better fit for people and 🌍. The 2019 🇨🇦e-plane already had a 160km range
It lacks the vision of sustainable human life. A result of road access in China and US: producing heavy goods in the road-connected area.
But making heavy goods = a good chunk of the global sustainable 50Gt/a. Plus energy & heavy machinery to make heavy goods = even more material ImageImage
Studies aren't useful if carried out with the old paradigm in mind that [producing for] high-speed consumption alleviates poverty. To increase carbon sinks and end mass extinction you can't study how to elevate ppl from poverty by the very economic cycle that caused the crisis.
Read 6 tweets

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