Shoveling Fuel for a Runaway Train is divided into two parts. The first part is entitled "The Runaway Train" and it details the problems with economic growth and neo-classical economics and gives an overview of ecological economics. The second part is entitled "Stopping the Train" and it details Czech's model for a "Steady State Revolution" which would transform the growth economy to a steady state economy.
Czech does an exceptional job of explaining the problems of neo-classical economics and its obsession with growth. He cleverly redefines economic growth as "economic bloating" and he avoids bogging the reader down with technical terms. This makes the book accessible and interesting to readers of all backgrounds.
He argues that there is need for a Copernican revolution in the world view of neo-classical economists. "Only when we have a more Copernican economics will economists live in a world in which economic growth is limited, where the rest of us common folk are already stuck," Czech writes. Just as the universe does not revolve around the world, neither can limitless economic growth occur in a finite world. Indeed Czech rightly points out that this is simply common sense, but he is also aware of the power of the paradigm and also the power of politics which both seek to maintain the status quo.
In the last chapter of part one Czech introduces ecological economics. The chapter is entitled "Copernicus, are you out there?" which again alludes to the need for a paradigm shift. He notes that many of the great discoveries in science have been made by people working outside their field. This is because they work with fewer assumptions and "do not suffer the tunnel vision of the paradigm." This is the reason why many of those who challenge the economic growth model come from a background in the physical and biological sciences.
It is also noted that the contribution of scientists alone to ecological economics is not sufficient. Those devoted to the study of economics still have an important role to play for it is they who truly understand the nuances of what makes an economy work. It is here that the work of Daly and others is significant.
Having spelled out the problem and given an overview of the solution, Czech delivers his manifesto for a "steady state revolution" in part two of the book. He asserts that there is a need for "nothing less than a revolution, a social revolution to match the academic revolution of ecological economics." (p. 111)
The target of Czech's revolution is over consumption or more specifically what he defines as conspicuous consumption. This is the indulgences of the very rich which go way beyond any kinds of need.
The steady state revolution is based on a radical definition of the classes (although it should be noted it has nothing to do with Marxism). Three new classes are defined-the liquidating class, the amorphic class and the steady state class.
There are some interesting reasons for targeting the super rich and perhaps one of the best ones is that a vastly disproportionate share of the additional wealth created by economic growth goes to those in the liquidating and amorphic classes. This statistic is interesting: "The average income of the 80 percent of Americans who are non-managerial has declined over the past twenty years." Another interesting statistic is that "approximately 99 percent of the annual increase in American's wealth goes to the 20 percent that is most wealthy.
While I see there are some problems with Czech's idea for a steady state revolution they do not really detract that much from the book overall. Shoveling Fuel for a Runaway Train is an engaging read and provides much food for thought. It is a welcome addition to the body of literature that explore alternatives to the current economic system.
Czech addresses the most pervasive and threatening problem of the modern world - our consumerism. This problem is so large and so intimately woven into the fabric of our society that it is easy to get discouraged by it. Czech offers a solution and a reason to feel optimistic, a plan for a nonviolent revolution in public opinion that will stop conspicuous consumption.
"Shoveling Fuel for a Runaway Train" is written in popular style, accessible and interesting for the reader who may have studied economics at one time in their life and either detested or forgot it. Anyone concerned about the unsustainable extraction of natural resources should read this book; it offers an effective alternative to the impossible task of inducing restraint among capitalists in a global marketplace.
The underlying theme of the book is that neoclassical economists support a theory that the economy can sustain infinite growth, while the ecological economists claim that at some point, the growth will inevitably slow and then stop (more likely crash) because it is impossible in practicality to sustain growth forever. The book starts off with some interesting points about economic growth and sustainability in Part I, and then goes off the deep end in Part II as the author shares his proposed plan for achieving a 'steady-state economy.'
The plan in a nutshell: everyone should live very modestly, regardless of their income level, and whenever they notice someone else spending more money than they feel is necessary, they should immediately judge them and try to shame them into changing their ways. The goal is for society to become repulsed by conspicuous consumption to the extent that those in the financial top 1% of society are pressured to reform themselves and give their extra money away to those in need.
Although Part I is good enough to justify the purchase price, I would recommend skipping Part II in its entirety.