Crisil Foundation, Mumbai.
Thanks to Maya Vengurlekar, COO of Crisil Foundation, Mumbai, I had the opportunity to give a full length talk and presentation on ‘The Third Curve – The End of Growth as we know it’. I was more than prepared for counter-arguments to the notion that our holy cow of perpetual economic growth could be in trouble. But the audience of over 50 senior personnel, including their CEO, Ms Rupa Kudva, were amazingly attentive and receptive. That is reflected in the fact that I have been invited further to speak at their Delhi and Chennai main offices. I hope that rating agencies do factor the new and very real risks of energy and resource descent that spell the end of growth.
As I told the audience it is better to make realistic plans keeping limits to energy and resources in mind rather than think of ways to merely deal with risk that is inevitable in perpetual growth schemes. After all that is what rating agencies like Crisil are supposed to do 🙂
The Third Curve – The End of Growth as we know it
So finally my first book ‘The Third Curve – The End of Growth as we know it’ has been released all over India in physical print and globally as electronic through Amazon. I am doing a 5 city launch with Landmark and the venues details and everything else about my book are at the book website – www.mansoorkhan.net
Do check it out.
Just got back from Chennai where I spoke at the TEDxYouth Chennai meet. There were 14 speakers and many interesting and entertaining presentations. In all that it is hard to get people to listen to a heavy one and that too of a smaller future. My presentation was called The Third Curve and meant to illustrate the futility and madness of Exponential Growth by comparing the Growth Curve going skyward with the Depletion Curve that dives to zero. I think I did pretty ok but my daughter Zayn who was in the audience said I used some hard to understand terms. Will correct that in future 🙂 Will also post the link to see the lecture at a future date once they upload it.
External view of Ascendas IT Software Park, Chennai
Did my first proper Peak Oil lecture at an IT software park in Chennai called Ascendas. Was invited by a company called Ecologin run by Sridhar Lakshmanan that organises eco camp trips. Meant to be a 60 minute session for which I prepared a Powerpoint presentation. I ran overtime a bit 😉 Gave me a lot of insight into how I can polish up my act for future lectures.
Below is a photo of the hall setting.
Lecture and Presentation Hall at Ascendas IT Software Park, Chennai
Would like to introduce an excellent blog to all who would care to get a more complete grip on what is unfurling in the age of Peak Oil. This is a blog by John Michael Greer also known as The Archdruid, because he is one.
Do read his latest blog entry to sum up the current global situation and how it is linked. http://thearchdruidreport.blogspot.com/2011/03/limits-of-incantation.html
A very compact collection of indicators of where the US economy is headed. a must read for all who are following the economic mess that by now everyone is aware of THOUGH it was denied strongly by most 2 years back. Except the Peak Oil Community. This is because they understood the deeper implications behind it. In fact they were predicting it.
Here it is at 20 Reasons why the American Economy is Dying
Another excellent essay by John Michael Greer to put some perspective on the role of entropy in the large scheme of things. Read full article at The Economics of Entropy. Here is an extract.
“I’ve come to think of inflation as the primary way that the tertiary economy resolves the distortions caused by the mismatch between the limitless expansion of the tertiary economy and the hard limits ecology and entropy place on the primary and secondary economies. When the amount of paper wealth in the tertiary economy outstrips the production of actual, nonfinancial goods and services in the other two economies, inflation balances the books by making money lose part of its value. I suspect – though it would take a good econometrician to put this to the test – that in the long run, the paper value lost to inflation equals the paper value manufactured by interest on money, once the figures are adjusted for actual increases or decreases in the production of goods and services.”
This article by a favourite of mine, John Michael Greer, puts the points that I was trying to make in my head about the flaw in today’s economic systems. Here is an excerpt to give you and idea. Read the rest at the original site
“Last week’s Archdruid Report post built on one of E.F. Schumacher’s more trenchant insights to propose a controversial way of making sense of modern economics. Schumacher, in Small Is Beautiful, drew a distinction between primary goods produced by natural processes, and secondary goods produced by human labor, and pointed out that secondary goods can’t be produced at all unless you have the necessary primary goods on hand.
This is quite true, though it’s a point often missed by today’s economists. There is at least an equal difference, though, between either of these classes of goods and a third class produced neither by nature nor by labor. These are tertiary or, more descriptively, financial goods; they form the largest single class of goods in the world today, in terms of dollar value, and the markets in which they are bought and sold dominate the economies of the industrial nations. To call this unfortunate is a drastic understatement, because the biases imposed on our societies by the domination of financial goods are among the most potent forces dragging the world to ruin.”
Dmitry’s new article “Definancialisation, Deglobalisation, and Relocalisation” is a must read for those interested in how to communicate the order of things to others who are less interested……….. at least for now. Dmitry Orlov also he has the practical experience of the Soviet collapse to draw from.
Here is an excerpt…..
“This week marks the end of the dollar’s reign as the world’s reserve currency. It marks the start of a terrible period of economic and political decline in the United States. And it signals the last gasp of the American imperium. That’s over. It is not coming back. And what is to come will be very, very painful.
Barack Obama, and the criminal class on Wall Street, aided by a corporate media that continues to peddle fatuous gossip and trash talk as news while we endure the greatest economic crisis in our history, may have fooled us, but the rest of the world knows we are bankrupt. And these nations are damned if they are going to continue to prop up an inflated dollar and sustain the massive federal budget deficits, swollen to over $2 trillion, which fund America’s imperial expansion in Eurasia and our system of casino capitalism. They have us by the throat. They are about to squeeze.
There are meetings being held Monday and Tuesday in Yekaterinburg, Russia, (formerly Sverdlovsk) among Chinese President Hu Jintao, Russian President Dmitry Medvedev and other top officials of the six-nation Shanghai Cooperation Organization. The United States, which asked to attend, was denied admittance. Watch what happens there carefully. The gathering is, in the words of economist Michael Hudson, “the most important meeting of the 21st century so far.”
Read the rest at ………… “The American Empire is Bankrupt” by Dmitry Orlov.
Now when an old dropout like me and other aging peakniks say it, it is our fading genes talking………….. BUT when Paul Krugman says it…………. then even I post it on my blog 😉 Because for all my admiration and support for Obama till he became president I had reservations. I was waiting in a funny state hoping against hope that he would be daring to do what really needed to be done. But knowing that the game is too well rigged to allow even a president with such promise, to play it differently, I suspected that it would be otherwise. Sad to say but that is what is emerging as Obama’s tack. Read the rest from the expert nobel prize winning economist. The Market Wizards Were Exposed as Frauds — Too Bad Obama’s Team Still Believes in Their Magic