Ecological Overshoot - The Mother Of All Bubbles

[hatrack]

Ecological overshoot whereby humanity exceeds the Earth's carrying capacity is the mother of all "bubbles". Within the current sub-prime mortgage and financial bubbles, and food and energy price increases, we are witnessing the logical and inevitable economic consequences of over-population, resource scarcity, inequitable and unreasonable consumption, and unsustainable economic growth. Growth and livelihoods based upon unreasonable presumptions of continued resource outputs from dwindling ecosystems are a dangerous, unprecedented "ecological bubble" that threatens civilization and mass apocalyptic death.

The global growth machine is seizing up because it is hitting ecological limits, and as a result of its own greed. Clearly the addition of a billion more people every decade and a half, physical limits upon arable land and fossil fuels -- as well as exceeding the atmosphere's waste absorption capacity and minimum amount of intact terrestrial ecosystems necessary to power the biosphere -- are together severely negatively impacting economies and individual's well-being.

The economic slowdown is painful for many families. I personally share economic anxieties associated with the mortgage bubble popping. We are all finding it harder to pay the mortgage, buy food and fuel, and enjoy some special luxuries. Yet all bubbles burst -- be they historically for tulips in Holland or property in Japan -- and you deal with the underlying causes or you suffer further. I believe strongly that there should be no bailout of high flying bankers, home flippers, or people that took out mortgages they cannot afford. Wall Street fat cats that created the mortgage backed security Ponzi scheme should go to jail.

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Yet this economic cooling may also offer a welcome respite to reconsider the growth at any cost madness devouring the Earth’s life giving ecosystems, and which threatens to impoverish and kill many or all of us. It is essential that we look at the far deeper ecological roots to this economic crisis, and their foretelling of related environmental bubbles. The ongoing biofuel scam, using first food and soon trees as fuel to supposedly avert climate change, shows the potential for ill-conceived climate change responses to increase land pressures, food prices and negatively impact economies. These sorts of macro ecological/economic connections are examined further here.

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http://earthmeanders.blogspot.com/2008/04/coming-ecological-collapse-failing.html