Participatory Economics and the Next System
What kind of “next system” would support the economics of sustainable and equitable cooperation?
April 26, 2016
Fracking: Anatomy of a free market failure
Social scientists often cite the handicap that we are not permitted to conduct experiments on humans as an excuse for why social science advances more slowly than the physical sciences. But fracking provides an interesting social experiment playing out right before our eyes. In Pennsylvania, gas and natural resource companies have been sufficiently powerful to prevent passage of a statewide ban on fracking; as a result 8000 permits have been issued and 4000 wells dug since 2008. Just across the Delaware River, New York State has issued a temporary ban on fracking in Marcellus Shale pending release of a study and new regulations by the New York State Department of Environmental Conservation. The issue has become so controversial that the NYSDEC report may now be delayed until 2013.
January 24, 2012