This is the tenth article in a 12-part series about the Earth-system, how our planet has shaped us as human beings, and how we, in turn, have shaped it The article appeared here first, in Unraveling Climate Change, a series for The Wire.
As heterodox economist Steve Keen likes to point out: Technology without energy is a sculpture. A city without energy is a museum. And labour without energy is a corpse.
That’s a vivid summation of the fact that there is no economy without work, and there is no work without the flow of energy. But we do not create energy. We can only take existing energy and change its form, converting heat energy into motion or motion into electricity, for instance. And as energy flows through the processes of doing work, converting from one form to another, some of it is lost at every step, irreversibly depleted as waste heat that can’t be recovered to perform work, including to support life. These rules governing energy flows of course also apply to the human economy.
Yet our presently dominant mythological universe—which guides policy today no less than the ancient Sumerian belief system guided theirs—doesn’t accept these kinds of empirical constraints. It teaches instead that different forms of energy and materials are perfectly substitutable and able to sustain energy use and economic growth without limits. Its stories dismiss the diminishment of the living world and dismemberment of its essential geochemical cycles as though they’re neutral to the flows of energy and materials that comprise the global economy. It even posits that technology can substantially ‘decouple’ economic growth from consumption and its associated pollution.
Our modern stories substitute money for energy and materials, and then reify money as a thing in itself. Disregarding physics and ecology, they foreground the finances that represent the flows of capital in the world. But the finances aren’t real, in that they don’t account for the true biophysical cycles and interrelationships constraining the larger system which provides all that capital. Finances float above the world, when reality is enmeshed within the world; they constitute merely a selectively descriptive artifice, an opaque bubble of reasoning that ultimately obstructs our view of what’s actually happening in the larger, biophysical world of which we’re an inseparable part.
This modern story-verse lets us imagine that we can get more out of a system than what goes into it. We call this magic profit. But it is a trick of accounting. For gains at the center of our finite system are actually losses from its peripheries; whatever we take as profit is ultimately felt as a loss to someone or something else. In the present world, that loss usually cuts most deeply into the non-human biosphere as well as the most vulnerable members of global society. Of course, our mythology simply labels losses to the biosphere or the exploitable classes as externalities: things that don’t concern us. Yet they do concern us, for by over-extracting from them, we’re destroying the body within which we live.
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