Robert Bell, Ph.D. (Cybernetics), Professor of Management and Chairman of the Economics Department, Brooklyn College, City University of New York, is the author of seven previous books, including: Beursbedrog (The Stock Market Sting), De Arbeiderspers, Amsterdam, 2003; Les Pêchés capitaux de la haute technologie (The Capital Sins of High Technology), Seuil, Paris, 1998; Impure Science, Wiley, N.Y., 1992. He lives in New York and Paris.
Waste Into Wealth: the New Energy Revolution
By Robert Bell
Essential reading for investors and policy advisers, The Green Bubble predicts the rapid rise of renewable energy and its profound impact on stock markets worldwide.
In this prescient volume, noted economist Robert Bell argues that
—the next four years will be an increasingly frenzied lead-up to a gigantic stock market bubble in renewable energy;
—the new energy revolution will have a profound impact on everything that human beings construct, move, or deliberately heat or cool;
—and the consequences of the first truly global stock market bubble will transform every country, every industry, and nearly every business.
But after the bubble bursts, most of the investors in the bubble, those who did not get out in time and numbering perhaps a billion or more, will have lost a material amount of their life savings. Some will have invested individually, others through their pension funds, still others through their government’s tax money, and, finally, quite a few through all of the above.
And, what of the outcome? A World-War magnitude of invested money will actually have paid for the transformation out of oil and into renewable energy. The result—the climate will probably have been saved, and there will be nearly limitless energy. But it will have virtually no monetary value. Energy will be “too cheap to meter.”
Readers of The Green Bubble will learn about the new energy revolution and will discover what works and what doesn't, and why they will have to watch their investments closely—especially those made by others on their behalf.