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Jeremy Grantham On The Fall Of Civilizations

Jeremy Grantham On The Fall Of Civilizations

Unread postby Graeme » Sat 27 Apr 2013, 19:43:53

Jeremy Grantham On The Fall Of Civilizations (And Our Last Best Hope)

As he writes, we are in a race for our lives, as our global economy, reckless in its use of all resources and natural systems, shows many of the indicators of potential failure that brought down so many civilizations before ours. By sheer luck, though, ours has two features that might just save our bacon: declining fertility rates and progress in alternative energy. Our survival might well depend on doing everything we can to encourage their progress. Vested interests, though, defend the status quo effectively and the majority much prefers optimistic propaganda to uncomfortable truth and wishful thinking rather than tough action. It is likely to be a close race.

The Fall of Civilizations

The collapse of civilizations is a gripping and resonant topic for many of us and one that has attracted many scholars over the years. They see many possible contributing factors to the collapse of previous civilizations, the evidence pieced together shard by shard from civilizations that often left few records. But some themes reoccur in the scholars’ work: geographic locations that had misfortune in the availability of useful animal and vegetable life, soil, water, and a source of energy; mismanagement in the overuse and depletion of resources, especially forests, soil, and water; the lack of a safety margin or storage against inevitable droughts and famines; overexpansion and costly unnecessary wars; sometimes a failure of moral spirit as the pioneering toughness and willingness to sacrifice gave way to softer and more cynical ways; increasing complexity of a growing empire that became by degree too expensive in human costs and in the use of limited resources to justify the effort, until the taxes and other demands on ordinary citizens became unbearable, so that an empire, pushed beyond sustainable limits, became vulnerable to even modest shocks that could in earlier days have been easily withstood. Probably the greatest agreement among scholars, though, is that the failing civilizations suffered from growing hubris and overconfidence: the belief that their capabilities after many earlier tests would always rise to the occasion and that growing signs of weakness could be ignored as pessimistic. After all, after 200 or even 500 years, many other dangers had been warned of yet always they had persevered. Until finally they did not.


The second point is that although I find Ophuls’s argument well-reasoned and although I must acknowledge the strong possibility of a very negative outcome, I feel it is too pessimistic (which, sadly, is a rare occurrence for me on this topic). Yes, we are taking extreme risks with resource depletion and with the environment, especially concerning climate damage and ocean acidification. Yet I believe the case for the near certainty of our running off the cliff misses the existence of two extraordinarily lucky (and, one could argue, undeserved) gifts that were not available to any prior stressed civilization. They may arrive like the U.S. Cavalry, just in time to turn us away from the cliff edge.


What follows in the article is a long discussion on the two 'lucky gifts'.
Human history becomes more and more a race between education and catastrophe. H. G. Wells.
Fatih Birol's motto: leave oil before it leaves us.
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Re: Jeremy Grantham On The Fall Of Civilizations

Unread postby Keith_McClary » Sun 28 Apr 2013, 01:09:52

Facebook knows you're a dog.
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Re: Jeremy Grantham On The Fall Of Civilizations

Unread postby Graeme » Sun 28 Apr 2013, 01:31:42

Thanks.
Human history becomes more and more a race between education and catastrophe. H. G. Wells.
Fatih Birol's motto: leave oil before it leaves us.
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Re: Jeremy Grantham On The Fall Of Civilizations

Unread postby kiwichick » Sun 28 Apr 2013, 09:12:49

thanks G

Grantham is one of the few who both get it and are prepared to publicly say so
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Re: Jeremy Grantham On The Fall Of Civilizations

Unread postby evilgenius » Tue 30 Apr 2013, 12:49:26

When the rise of alternative energy allows the court systems in the Appalachian States to convict coal companies, and enforce penalties against them, then you will know that alternative energy has come of age. I don't think you could see that now. The law ought to be the law, ought to be the law, but coal, amongst other things, still gets a free pass.

Never mind that coal regions remain backwardly attached to a small set of job producing entities, coal being one amongst them. A future that includes alternative energy in abundance probably also includes a total redistribution of personal decision sets, where to work, where to shop, and possibly where, by participation, to live. The pressure in future, despite what those who cling to the apocalypse believe, is decidedly going to be upon those who cling to shadows from the past, collectively or prejudicially perceived.
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