The world is on the cusp of an economic collapse

One highlight of the recent Transition Network conference in Devon was the talk by Stoneleigh called ” Making Sense of the Financial Crisis in the Era of Peak Oil”, which you can hear in full here. Stoneleigh is one of two editors of the ‘Automatic Earth’ blog, and her talk was stark.  Her prognosis is that the world is on the cusp of an economic collapse on the scale of the Great Depression as the debt bubble bursts. I attended the conference, but missed her talk. Talking to people who had attended I saw how deeply affected they were. Her arguments were clear and compelling.

We have three major challenges all nations need to rise to: Climate change, Peak oil and the economic crisis.

Posted by Stephen Hinton, Board of trustees and Steering group member, Transtion Sweden

General, National economy, The money system

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