March 12, 2013
Economist and author of The Approaching Great Transformation: Toward a Livable Post Carbon Economy spoke at at Powell’s Books in Portland to a full house yesterday. We are standing on the brink of a momentous time in history, when the natural resources that the global economy has relied upon for the past century are drying up. There is a necessity for change, but what will that change look like and will it come soon enough? Economist Joel Magnuson explains that the choices we make today as we adapt to mounting scarcity may be the most important historical events of the 21st century.
As Magnuson makes clear, an economy so deeply reliant on fast-disappearing resources has no future. Economists have been cautioning us for decades that the approaching decline in oil will seriously impair food production, along with almost every other major industry.
Magnuson takes an uplifting approach of looking beyond corporate globalization to alternative systems such as localization. As Helena Norberg-Hodge says in the foreword, “Building a sustainable, just future requires re-imagining our social and economic structures. Magnuson shows us how practical, realistic shifts in those structures can bring about a whole range of short- and long-term benefits.”