Capitalism Will End, Celebrate What Comes Next

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The damage that wealthy bankers did to the economy back in 2007/08 is still with us, and that has led to a whole generation questioning the validity of modern hyper-capitalism. That same germination witness ongoing environmental destruction and the erosion of labour rights (amongst a litany of other ills) all for the goal of getting more profit. The rejection of the prevailing thought has caused a few people to be scared of the change to come.

Don’t be afraid of the future, embrace it. Be part of what you want to see come true by examining what’s to come through exploration of what already is.

Fortunately, there is already a wealth of language and ideas out there that stretch well beyond these dusty old binaries. They are driven by a hugely diverse community of thinkers, innovators, and practitioners. There are organizations like the P2P (Peer to Peer) Foundation, Evonomics, The Next System Project, and the Institute for New Economic Thinking reimagining the global economy. The proposed models are even more varied: from complexity, to post-growth, de-growth, land-based, regenerative, circular, and even the deliciously named donut economics.

Then, there are the many communities of practice, from the Zapatistas in Mexico to the barter economies of Detroit, from the global Transition Network, to Bhutan, with its Gross National Happiness index. There are even serious economists and writers, from Jeremy Rifkin to David Fleming to Paul Mason, making a spirited case that the evolution beyond capitalism is well underway and unstoppable, thanks to already active ecological feedback loops and/or the arrival of the near zero-marginal cost products and services.This list barely scratches the surface.

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International Leaders of Geothermal Energy Agree to Work Together

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Geothermal energy is very simple in principal: drill a hole into the hot earth and use the naturally occurring heat to get turbines spinning. In practice it can be very hard. To bridge the practical difficulties getting geothermal around the world running leaders behind the technology are gathered in Florence to discuss ways to accelerate adoption. They are in the process of creating a framework to share knowledge and expertise to ensure that this form of renewable energy gets used in more places.

From their press release:

Minister of Environment, Mr. Gian Luca Galletti stated: “Italy considers the Paris Agreement to be irreversible and non-negotiable and therefore strives to promote geothermal and other renewable energy sources as a vital component for the planet’s sustainable development.”

“Geothermal’s vast potential is currently untapped,” he continued. “We must develop new technologies and encourage new investments to ensure we cover this gap. The Alliance will multiply its efforts to guide this process, and Italy will provide its contribution with its long experience and know-how.”

Ms. Teresa Bellanova, Italy’s Vice Minister of Economy and Development, said: “Geothermal energy’s consistent and continuous availability make it a highly precious source of renewable energy both in Italy and many countries all over the world. Through our knowledge of the industry, Italy can play an important role in achieving the ambitions of the Paris Agreement, in addition to stimulating sustainable job creation.”

Director General of IRENA, Mr. Adnan. Z. Amin, said: “This meeting has, without question, allowed both the policy and industry communities to identify common ground in the pursuit of what is a renewable energy source with tremendous potential.

“If we can identify and implement mechanisms that deliver a greater level of certainty to investors and developers, then we will move beyond meaningful dialogue to decisive action that accelerates geothermal production,” continued Mr. Amin, “contributing significantly to decarbonisation of the global economy, whilst creating jobs and supporting growth around the world.”

For more context go here.

Saving Knowledge From Going Extinct

Ultimology is a new field of thought which may help is in the future when we need it the most and don’t realize it. It’s the study of of extinct or endangered subjects, theories, and tools of learning. The Department of Ultimology is an art project that has set out to interpret what the study of dead/dying studies could look like and how it can be accomplished. It’s a groovy project that explores the fringes of knowledge with some real world examples of how very recently required knowledge for some disciplines have already been forgotten.

Knowledge of how things work is always needed and it’s good practice to keep abreast of changes in how and why we keep certain knowledge sets while discarding others.

For example, we met with Dr. Sylvia Draper, Head of the School of Chemistry at Trinity, and asked her what had changed in the discipline of Chemistry. She spoke about how glassware used to be an essential part of research. If you were a student of chemistry, you might actually design a piece of glassware that goes with your research. Draper told us that Trinity College had a glassblowing workshop on site with a glassblower named John Kelly, but that he was going to retire in two years and would not be replaced. It ties back to the commercialization of the university: the reason he’s not being replaced is because he’s salaried and a salaried employee is a high cost for the university. And so he and his work become expendable because in theory the department can just bring in cheaper, standard glassware from abroad.

However, if you’re a student and you’re planning your experiment and it requires an intricate, strange, unique piece of glass, it might now be much more expensive for you to get it, which might impact how you look at your research. You might be less willing or able to do something weirder, essentially. I picture it like these tiny little cracks that maybe can’t be explored in a discipline as people are funnelled down into a more particular standard route.

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Improved Air Conditioner Beams Heat Into Space


Air conditioner suck up a lot of energy in hotter months by dumping heat from inside buildings to the outside, ironically heating up neighbouring locations. A Stanford research team developed a more efficient cooling system for AC by pre-cooling water that circulates through the machine. It cools water during the night by essentially beaming the eat out into space, which surprisingly uses less energy than current solutions.

For the new fluid-cooling system, the researchers made radiative panels that were each one-third of a square meter in area; they attached the panels to an aluminum heat exchanger plate with copper pipes embedded in it. The setup was enclosed in an acrylic box covered with a plastic sheet.

The team tested it on a rootop on the Stanford campus. Over three days of testing, they found that water temperatures went down by between 3- and 5 °C. The only electricity it requires is what’s needed to pump water through the copper pipes. Water that flowed more slowly was cooled more.

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Mars Terraforming Earth

coffee and chocolate

Mars, the company behind popular chocolate bars like Snickers and Twix has pledged $1 billion dollars to fight climate change. This isn’t a company randomly pledging money to help communities or specific issues address climate change, instead they are focussing on themselves. Mars is the largest chocolate maker on the planet and are looking at ways that they can save the planet (and money) by changing what’s happening in their supply chain. Already the company has invested in renewable energy for their production facilities.

Although, some might claim this is just to stop their chocolate bars from melting.

Mars, the maker of Snickers, Twix, and M&Ms, has pledged to invest $1 billion over the next few years to fight climate change. The sustainability drive includes investment in renewable energy, food sourcing, cross-industry action groups, and farmers.
Barry Parkin, Mars’ Chief Sustainability Officer, warned that the consequences of inaction include “more extreme weather events…causing significant challenges and hardships in specific places around the world, whether that’s oceans rising or crops not growing successfully.” “We believe in the scientific view of climate science and the need for collective action,” he added.

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