Nicole Foss, co-editor of The Automatic Earth, spoke to a packed audience in Adelaide, on February 23rd 2012, on the most important issues of our time! Nicole understands the big picture- the links between resource depletion, economic failure and increasing inequity, that are creating such challenges in the world today.
It was a very informative event, providing much to think about. The main event was followed by a Q & A, which could probably have gone on for another hour or two, as her lecture brought up many questions within the audience. Ms Foss answered as many questions as she had time for, even offering to continue it outside if anyone still wanted to ask her anything!
At the end of the presentation, the organiser Dr John Coulter expressed his hopes that Nicole would return to Adelaide in the future, to which she sounded quite amenable.
We will post details about any return visit as soon as we get them.
As co-editor of The Automatic Earth, writing under the name Stoneleigh, she chronicles and interprets the on-going credit crunch as the most pressing aspect of our current multi-faceted predicament. The site integrates finance, energy, environment, psychology, population and real politik explaining why we find ourselves in a state of crisis and what we can do about it.
Many well known economists and environmental writers associated with The Automatic Earth include: Steve Keen, Chris Martenson, Jay Hanson and James Kunstler.
Prior to the establishment of The Automatic Earth she was editor of The Oil Drum Canada, where she wrote on peak oil and finance.
Nicole lives on a farm near Ottawa, Canada. From her hands-on experience she explains why the green future to which many aspire is very difficult to put into practice.
Nicole Foss will show that conventional economic growth is a Ponzi scheme inescapably prone to boom and bust cycles. In past cycles material resource supply was large compared with human demand. She will show that in this round of the cycle the attempt to get growth going again has come up against the constraints of the real bio/geophysical world. The usual energy sources are becoming scarce and more expensive.
Given the close relationship between the flow of money and the flow of material resources, especially energy, a very different economic model has now become necessary; one based firmly on an acceptance of Nature’s constraints. She will show that a return to business as usual (BAU) is not possible, that the attempts being made by governments across the globe to reinstate BAU are not only failing, they are impeding the inevitable transition to this new economy.
Some have claimed that economic growth can be decoupled from growth in energy demand, Nicole will show that this is not possible, not least because of continuing population growth.
Nicole will outline the direction and characteristics of a new and environmentally sustainable economy and what this means in our everyday lives.