Forget the Dow, here are the numbers that mattered this week
FUTURE SO BRIGHT: Solar towers shine on the horizon in southern Spain (Photo: Ashley Bristowe)
The estimated amount of solar energy Germany will add to its grid in the time it would take to build a single proposed transmission line to bring 4,000 megawatts of Iowa’s wind power to markets further east, according to John Farrell of the New Rules Project. And it points to the real motive power of renewable energy — its ability to decentralize the grid, to turn energy consumers into energy producers, to usher in what the late, great Hermann Scheer, father of the most important piece of energy legislation written so far this century, liked to call “the Second Industrial Revolution.”
The first lesson is: when you don't reinvent institutions at a time of systemic failure, the problem doesn't just magically disappear.The second lesson is: when you prop up the institutions causing the crisis, instead of reinventing them, the crisis will deepen.The third lesson is: when dysfunctional institutions prop one another up, prosperity's a house of cards. Crisis becomes stagnation.The fourth lesson is: when propping up failed institutions has drained your resources, you've turned a crisis into a catastrophe.The fifth lesson is: the longer it takes you to see a crisis for what it truly is, the disproportionately worse it's likely to get.The sixth lesson is: when people who are prisoners of the paradigm that caused the crisis are in charge of fixing it, bet on...more crisis.