Greece and Essential Value, A Letter To a Friend, June 2012

This open letter from 2012 is worth revisiting post Brexit I feel.

Sir David King has just made the following statement: Sir David King lambasts Treasury for preventing green economic recovery

How do we get the message across that it is not about ‘resource efficiency’ but about the ‘effective’ use of resources creating ‘essential value’. This is not an easy discussion to have but If we continue to muddle along on the basis that completely free enterprise can find a way forward when the marginal cost of producing a barrel of oil is over $90 and the useful energy remaining is on a downward trajectory, we are deluded.

We see in Greece the effects of the reducing Energy and Resource Intensity of a Society and Economic Block that does not recognise what is really happening.

Chandran Nair does recognise this and is doing his best to make Asia aware of the situation: as Asia tries to grow using the multi-planet paradigm this contagion can only spread.

These are Global issues but we must act as SystemUK if we are to be competitive and provide inspiration to others on the art of the possible. Are we the innately ingenious people we think we are, or was our prosperity purely a result of the Energy and Resource Intensity we were able to exploit?

The answer is probably a lot of both and we need to recognise this if we are not to squander this innate creatively and ingenuity as the Energy and Resource Intensity of SystemUK inevitably falls.




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