2020 may be the first year of the climate crisis cresting the economy.
Free market neoliberal capitalism believes in endless economic growth constrained by nothing more than the obscenity of Government regulation.
Their mystic belief and religious zealotry towards free market mantra are as arcane as medieval Christianity.
That’s why the climate crisis has always been the achilles heal of capitalism.
At some stage, you run out of the biosphere’s capacity to fuel never ending growth.
2020 may be the first year where the tipping points of escalating real time catastrophic climate change starts impeding economic growth.
We may have just reached peak Capitalism.
The Wuhan virus which is rapidly becoming a pandemic is a symptom of the climate crisis as cheek to jowl overpopulation extends deeper and deeper into old environments reigniting virus cross overs. Pandemics impact the economy and the Wuhan Virus is just the beginning of these becoming regular events.
The extreme drought event we in NZ are facing in real time is the future we will increasingly face.
How’s that climate crisis denial working out for you?
We are seeing in real time environmental tipping points that once crossed can’t return and this will impact the economy because the economy is not factoring in the inability to rebuild in time from one catastrophic climate crisis event to another.
Look at this graph.
That graph is exploding upwards.
The economy is going to start reflecting that reality once the impacts can’t be ignored any longer.
We are going to need to adapt, rapidly and radically.
The 30 year neoliberal experiment in society, politics and economy has failed and we will require a new blueprint with completely different values.
This will need to be a time of economic Tino Rangatiratanga, where the economy is focused first and foremost on New Zealanders rather than our trading partners.
Economic nationalism and a protectionist model with a view to self-sufficiency is a must in this new age of late stage capitalist entropy…
Professor Nick Wilson from the University of Otago’s Department of Public Health co-authored those studies with Boyd, including last year’s The Prioritisation of Island Nations as Refuges from Extreme Pandemics.
“We’re concerned about the increasing risk of pandemics, and those could include a natural pandemic, like a repeat of the 1918 influenza pandemic,” he says.
“But more concerning is the rapid advance with biotechnology which allows for various states or even terrorists to potentially in the future produce genetically-engineered pandemics.”
They looked at what countries, in particular island nations, might be the best prepared, and be able to survive to be refuges for humanity in such a catastrophe.
Nations were ranked according to factors including food and energy production, population size, social cohesion and isolation from other population centres.
“Australia, then New Zealand, and then Iceland came out as the best island nations to rapidly close their borders and to potentially be areas where humanity could survive,” Wilson says.
“New Zealand certainly has the potential to be the best place to be if we play our cards right,” Boyd says.
…we need to radically adapt New Zealand for that preparation now.
We need to stop thinking of ourselves as a country, that mindset allows us to believe there are vast layers of regulation above us that protects us and allows us to be passive in the belief someone else will engage.
We need to see ourselves as Islands where we must salvage and be self sufficient and present all the time.
The never ending growth model was a always a lie, and the refusal to accept what is happening to the climate is no longer a science issue, it is a cultural issue.
This is the scab of self interested lies that needs to be ripped off the soul of New Zealand without mercy.
There is empowerment in engaging with that new idea of economic, political and cultural Tino Rangatiratanga but it can only occur when mass consciousness reaches the panic point of action.
What most of the reviews of the last decade missed was the legacy of not allowing the economy to collapse in 2008. By propping up the rigged casino of Wall Street with Trillions of dollars of quantitive easing, stock markets and assets prices exploded in overvaluation while falsely manufacturing an economic environment that created the lowest interest rates the world has seen in 5,000 years.
Central Banks have no more room to move when the climate crisis events cascade and trigger economic implosions.
It’s a Great Depression compounded by catastrophic climate events compounded by failed states causing mass refugee pressures.
It’s time to start thinking about New Zealand as a lifeboat and respecting it as such.