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A globalised solar-powered future is wholly unrealistic – and our economy is the reason why Alf Hornborg

Summary:
Definitely a should-read that advances the debate. While not an MMT-based view it does illuminate the  symbiotic relationship of technology, engineering, innovation, real resources, "money," culture and ideas in the present world system, which is ecologically unstable and is becoming unsustainable. Alf Hormborg argues that this is not simply a matter of tweaking the system through scaling technological innovation. The problem is the design of the system. The ConversationA globalised solar-powered future is wholly unrealistic – and our economy is the reason why Alf Hornborg | Professor of Human Ecology, Lund University

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Definitely a should-read that advances the debate. While not an MMT-based view it does illuminate the  symbiotic relationship of technology, engineering, innovation, real resources, "money," culture and ideas in the present world system, which is ecologically unstable and is becoming unsustainable. Alf Hormborg argues that this is not simply a matter of tweaking the system through scaling technological innovation. The problem is the design of the system.

The Conversation
A globalised solar-powered future is wholly unrealistic – and our economy is the reason why
Alf Hornborg | Professor of Human Ecology, Lund University
Mike Norman
Mike Norman is an economist and veteran trader whose career has spanned over 30 years on Wall Street. He is a former member and trader on the CME, NYMEX, COMEX and NYFE and he managed money for one of the largest hedge funds and ran a prop trading desk for Credit Suisse.

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