JEFF RUBIN

We are constantly being told that globalisation is good for the economy and good for us but it s actually the opposite argues bestselling author Jeff Rubin in this provocative timely book In the pre coronavirus world governments and economists bragged that GDP was growing and unemployment was down But even then real wages had been stagnant for decades union membership had collapsed and full time employment no longer guaranteed you could pay the bills When we emerge from the virus it would be nice to think that living in a country that s getting richer means that you re getting richer too but that s not the way it works anymore Falling tariffs low interest rates global deregulation and tax policies that benefit only the rich have all had the same effect the erosion of the expendable middle class The result growing global inequality is a problem of our own making And solving it won t be easy if we draw on the same ideas about capital and labour right and left that led us to this cliff Articulating a vision that remarkably dovetails with the ideas of both Naomi Klein and Donald Trump The Expendables is an exhilaratingly fresh perspective that is at once humane and irascible fearless and rigorous

Por muy grave que nos parezca la crisis que estamos viviendo, el gran cataclismo está aún por llegar. El motivo: el agotamiento del petróleo y los recursos fósiles. Jeff Rubin, consejero del Ministerio de Finanzas de Ontario y uno de los mayores expertos en energia de Norteamerica, afirma que el origen de la recesion economica no han sido las llamadas "hipotecas basura" sino el agotamiento del petroleo. Cuando remita la crisis actual afirma el autor- el precio del crudo empezara a aumentar hasta unos niveles sin precedentes. Con un estilo extraordinariamente ameno y accesible, explica a los lectores como hemos llegado a esta situacion y como saldremos de ella: recuperando la fabricacion autoctona, favoreciendo los productos que se cultivan y se producen cerca de casa; es decir, haciendo nuestro mundo mas pequeño. Considerado una de las voces mas autorizadas para hablar del panorama economico en un futuro proximo, Rubin anuncia el fin de la globalizacion; una noticia que, como el mismo reconoce, no tiene por que ser mala.

As the price of oil falls, bestselling author and economist Jeff Rubin takes us to the epicentre of the bursting global carbon bubble, and dares us to imagine a new engine for growth that does not run on oil.For a decade, the vision of Canadas future as an energy superpower has driven the countrys political agenda, as well as the fast-paced development of Albertas oil sands and the push for more pipelines like Keystone XL across the continent to bring that bitumen to market. Anyone who objects to pipelines and tanker-train traffic, north or south of the US border, is labeled a dreamer, or worsean environmentalist: someone who puts the health of the planet ahead of the economic survival of their neighbours. In The Carbon Bubble, Jeff Rubin compellingly shows how an economic vision that rests on oil is dead wrong. Changes in energy markets in the USwhere domestic production is booming while demand for oil is shrinkingare quickly turning the oil dream into an economic nightmare. Like U.S. coal stocks, the share values of oil-sands producers have been drastically reduced by falling fuel prices and are increasingly exposed to the worlds efforts to reduce carbon emissions. Rubin argues that there is a lifeline to a better future. The very climate change that will leave much of the countrys carbon unburnable could at the same time make some of Canadas other resource assets more valuable: its water and its land. In tomorrows economy, he argues, Canada wont be an energy superpower, but it has the makings of one of the worlds great breadbaskets, as everything from the corn belt to viniculture heads to higher latitudes. And in the global climate that the worlds carbon emissions are inexorably creating, growing food will soon be a lot more valuable than mining bitumen.

Por muy grave que nos parezca la crisis que estamos viviendo, el gran cataclismo está aún por llegar. El motivo: el agotamiento del petróleo y los recursos fósiles.Jeff Rubin, consejero del Ministerio de Finanzas de Ontario y uno de los mayores expertos en energia de Norteamerica, afirma que el origen de la recesion economica no han sido las llamadas "hipotecas basura" sino el agotamiento del petroleo. Cuando remita la crisis actual afirma el autor el precio del crudo empezara a aumentar hasta unos niveles sin precedentes.Con un estilo extraordinariamente ameno y accesible, explica a los lectores como hemos llegado a esta situacion y como saldremos de ella: recuperando la fabricacion autoctona, favoreciendo los productos que se cultivan y se producen cerca de casa; es decir, haciendo nuestro mundo mas pequeño. Considerado una de las voces mas autorizadas para hablar del panorama economico en un futuro proximo, Rubin anuncia el fin de la globalizacion; una noticia que, como el mismo reconoce, no tiene por que ser mala.

In an urgent follow-up to his best-selling Why Your World Is About To Get A Whole Lot Smaller, Jeff Rubin argues that the end of cheap oil means the end of growth. What it will be like to live in a world where growth is over?Economist and resource analyst Jeff Rubin is certain that the worlds governments are getting it wrong. Instead of moving us toward economic recovery, measures being taken around the globe right now are digging us into a deeper hole. Both politicians and economists are missing the fact that the real engine of economic growth has always been cheap, abundant fuel and resources. But that era is over. The end of cheap oil, Rubin argues, signals the end of growthand the end of easy answers to renewing prosperity. Rubins own equation is clear: with China and India sucking up the lions share of the worlds ever more limited resources, the rest of us will have to make do with less. But is this all bad? Can less actually be more? Rubin points out that there is no research to show that people living in countries with hard-charging economies are happier, and plenty of research to show that some of the most contented people on the planet live in places with no-growth or slow-growth GDPs. But it doesnt matter whether its bad or good, its the new reality: our world is not only about to get smaller, our day-to-day lives are about to be a whole lot different.

From the #1 bestselling author of Why Your World Is About to Get A Whole Lot Smaller, a provocative, far-reaching account of how the middle class got stuck with the bill for globalization, and how the blowbackfrom Brexit to Trump to populist Europewill change the developed world.Real wages in North America have not risen since the 1970s. Union membership has collapsed. Full-time employment is beginning to look like a quaint idea from the distant past. If it seems that the middle class is in retreat around the developed world, it is. Former CIBC World Markets Chief Economist Jeff Rubin argues that all this was foreseeable back when Canada, the United States and Mexico first started talking free trade. Labour argued then that manufacturing jobs would move to Mexico. Free-trade advocates disagreed. Today, Canadian and American factories sit idle. More steel is used to make bottlecaps than cars. Meanwhile, Mexico has become one of the worlds biggest automotive exporters. And its not just NAFTA. Cheap oil, low interest rates, global deregulation and tax policies that benefit the rich all have the same effect: the erosion of the middle class. Growing global inequality is a problem of our own making, Rubin argues. And solving it wont be easy if we draw on the same ideas about capital and labour, right and left, that led us to this cliff. Articulating a vision that dovetails with the ideas of both Naomi Klein and Donald Trump, The Expendables is an exhilaratingly fresh perspective that is at once humane and irascible, fearless and rigorous, and most importantly, timely. GDP is growing, the stock market is up and unemployment is down, but the surprise of the book is that even the good news is good for only one percent of us.

Soaring oil prices caused four out of the last five recessions. They caused the current recession. And they will cause the next one. Expensive oil costs us more than just money. It costs jobs, homes and in the long run it is going to radically alter the way we live. For if cheap oil is the fuel that keeps the machinery of globalisation in motion, then expensive oil has the same effect as pouring diesel into an unleaded tank. Everything stalls; the engine fails. Oil prices will rise again in the coming years, as this utterly convincing insight into our collective future argues. And as oil prices fluctuate wildly, our society will change dramatically, and for good. From the homes we live in and the cars we drive to the food we eat and the places we work, our daily lives and global economy are going to be transformed. But while this new, smaller world will take some getting used to, it will also open our eyes to a more localised and ultimately more liveable way of life.

NATIONAL BESTSELLERBestselling economist Jeff Rubin warns that the shock inflation of 2021 is the front of a perfect storm of war, supply-chain disruption, geopolitical realignment, domestic upheaval, and energy scarcity that will change everything.During the pandemic, government deficits skyrocketed to record highs while central banks primed the printing pressesand the time has come to pay for it. The ramifications of international COVID-19 spending could potentially last for decades, and inevitably one of the first consequences will be that central banks will lose control of interest rates, and subsequently, growth and inflation targets. The genie will be out of the bottle.That is just the first symptom of a series of cascading upheavals. Supply-chain disruptions have already shown the vulnerability of the globalist model that has fueled growth for the past decades. War has not only shown the fragility of the status quo, but has revealed diplomatic and economic rifts that promise to shift trading patterns. At the same time, the precarity of the US dollar underlines the life-or-death importance of foreign markets and resources, energy in particular. And consolidation of a Eurasian bloc, from Russia to China, and encompassing old enemies like Iran and former US ally Saudi Arabia, hint that the upheaval of COVID-19 was just the beginning.Tracking trade wars and kinetic wars, central banks and runs on banks, pipelines blown up and startups knocked down, A Map of the New Normal gives us a glimpse of a near future that will look very different from the recent past. It reminds us that our mortgage rates and job security, our grocery bills and investments, are all tied to events set in motion by governments, corporations, and black swans around the world.