A global economic depression?
Rapid industrialization of India and Indonesia or
global economic depression are two familiar paths that could drive emissions to those extremes.
By the time
the global economic depression reaches its deepest level (well after the next election) those earlier days may have returned.
Not exact matches
Discussing the complacency and complicity of traditional
economic models, as taught in universities and adopted by central banks, Michael and Steve take us on a journey from a solar system to a galaxy of thought, taking in the history of economics to solutions for the ongoing
global depression.
At an event last week, Mr. Singer said that Mr. Trump's
economic policies were «preposterous» and would nearly guarantee «a
global depression.»
The point will be this: The economy is on the mend and yields are grinding higher, but the recovery from the worst
global economic crisis since the Great
Depression isn't over yet.
The most incredible is that the biggest
global economic crisis since the great
depression i s the fault of the previous government.
Perhaps, he ventured, it is more to do with
global economic uncertainty and the
depression in the Eurozone.
«The most incredible myth of all is that the
global economic crisis since the Great
Depression is the fault of the previous government,» he said.
The Nazis took advantage of the extreme
economic hardship that followed the First World War and a
global depression, but today's populist movements are growing powerful in wealthy European countries with strong social programmes.
The world economy goes to
depression swiftly because the United States, European Union and China have nowadays
economic performance that calls into question the
global economic recovery.
Instead of breakthrough that would lead to overcoming the
global economic crisis, the scenario of the
global economic collapse was predicted by the great thinker and French economist Jacques Attali (2010) who predicts the occurrence of four steps to the unfolding
economic crisis that erupted in 2008 in United States and that spilled over the world: 1) the public debts become heavier; 2) the failure of the euro and the
global depression; 3) the failure of the Dollar and the return of
global inflation; and, 4) the
depression and ruin of Asia.
The US subprime mortgage crisis, which resulted in the
global financial crisis of 2007 - 2008, was the most severe one since the Great
Depression, leading to the
global economic downturn affecting almost the entire world.
The government's actions to avoid financial collapse last fall — as distasteful and unfair as some undoubtedly were — were unfortunately necessary to prevent a
global economic catastrophe that could have rivaled the Great
Depression in length and severity, with profound consequences for our economy and society.
Because
global oil demand is increasing, declining production will soon generate high energy prices, inflation, unemployment, and irreversible
economic depression.
• If
global civilization can not continue to adjust to these climate changes in an evolutionary manner, then revolutionary means (
economic depression, famine, mass migration, unilateral seizure of resources, unilateral efforts at geo - engineering) leave us and our descendants vulnerable to perpetual warfare, with ever - increasing chances of unrestrained nuclear exchanges.
If isolationist policies, including pulling out of the Paris Agreement and weakening the Western alliance, lead to a
global trade war and thence to an
economic depression, the shutdown of significant chunks of the economy could lead to a larger reduction in greenhouse gas emissions than any careful, deliberate decarbonization policy.
The
global pursuit of 3 tons of carbon must be a reflection not of
economic contraction and
global depression, but of
economic growth resulting in ecological improvement.
The extremely small group that accepts the science fully offers remediation plans that will result in massive
global Depression at best and complete
global economic collapse at worst.