The Economics of Happiness
Let’s be clear: there is no solid evidence that the origin of the SARS-CoV-2 virus, which is the cause of the current Covid-19 disease pandemic, is an open seafood market in Wuhan that also trades in domestic and wild animals. All that we know is that several early cases of people diagnosed with Covid-19 either worked at this market or shopped there in the days preceding their diagnosis. Many media outlets and pundits have seized on this information to claim that Chinese wet markets and the live … [Read more...]
This past weekend, a bright Georgetown undergraduate asked me how I squared my passion for localization with the theory of comparative advantage. For economics newbies, he was referring to David Ricardo’s argument that every community should find one product to specialize in and trade for everything else. I gave my usual response that the theory is great – except for the thousands of goods and services that are cheaper to produce locally – but that answer left me uneasy. Once the dust settles … [Read more...]
The Covid 19 pandemic is the second major crisis of globalization in a decade. The first was the global financial crisis of 2008-2009, from which the global economy took years to reach a semblance of recovery. We did not learn our lessons from the first, and this is perhaps why the impact of the second has been even more massive. Trillions of dollars of paper wealth went up in smoke during the 2008 crisis, but few cried for the out-of-control financial players who had triggered the crisis. … [Read more...]
The specter of plague haunts our world, and it brings with it not only the ghouls of disease and death but vast economic and social uncertainty of a sort only the most elderly among us remembers (the Great Depression and World War II). My father is 90 and when I called him a child of the depression once, he pointed out to me that as someone born in 1929, he really didn’t come to political consciousness until the Depression had ended. He was too young to fight in the war, though he joined the … [Read more...]
The human tragedy of the coronavirus is immense. Thousands have died, hundreds of thousands have been infected globally, and millions more have been affected. Whilst infectious disease has always been a part of the human experience, the expansion of industrial civilization has inexorably amplified the risk of new diseases. Uncontrolled industrial expansion also dangerously heats the planet and drives the collapse of ecosystems worldwide. Experts like Professor Jem Bendell and philosopher … [Read more...]
“Beware of simple solutions to complex problems. That is a crucial lesson from history; a lesson that intelligent people in every age keep failing to learn.”[1] Having wisely counseled thus just 5 years ago in a trenchant critique of ecomodernism, environmental journalist George Monbiot’s recent op-ed in The Guardian surprised a lot of people. In fact, one is left dizzingly disoriented by Monbiot’s recent about face, in which he promotes farm-free, ‘lab-grown food’ using the very arguments he … [Read more...]
“We would die from starvation. It’s that simple.” Or so TV botanist James Wong recently tweeted in response to the title question, taken from a BBC feature. In this post I’m going to make the case that we wouldn’t, that it isn’t simple, and that in fact our chances of starving are probably higher – albeit in some quite unsimple ways – if we don’t start eating more food from local farms. A good many of the comments under James’s tweet rehearsed various misconceptions about local food, so I … [Read more...]
The Iowa caucus affair last night was a masterclass in hyperreality. The relevant facts are as follows. It was the long-anticipated kickoff to the primary season in an ever-expanding election cycle that now seems more or less co-terminous with the president’s four-year term. Iowa has an outsized place in this process, as it traditionally holds the first-in-the-nation caucus. Last night, under intense media scrutiny and pressure for immediate results, a complex system buckled, a new app made … [Read more...]
The Green New Deal resolution that was introduced into the U.S. House of Representatives in February hit a wall in the Senate, where it was called unrealistic and unaffordable. In a Washington Post article titled “The Green New Deal Sets Us Up for Failure. We Need a Better Approach,” former Colorado governor and Democratic presidential candidate John Hickenlooper framed the problem like this: “The resolution sets unachievable goals. We do not yet have the technology needed to reach “net-zero … [Read more...]
For the last year I grew and foraged 100% of my food. No grocery stores, no restaurants, not even a drink at a bar. Nature was my garden, my pantry and my pharmacy. Most people would imagine I live in the countryside on a farm, but actually I live in a city – Orlando, Florida, a few miles from the center. When I arrived here, I didn’t own any land, so in order to grow my food I met people in the neighborhood and turned their lawns into gardens and shared the bounty of food with them. I’m a … [Read more...]
