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If we can't change our economic system, our number's up

Discussions about the economic and financial ramifications of PEAK OIL

If we can't change our economic system, our number's up

Unread postby Graeme » Tue 27 May 2014, 21:14:53

It's simple. If we can't change our economic system, our number's up

Economic growth is an artefact of the use of fossil fuels. Before large amounts of coal were extracted, every upswing in industrial production would be met with a downswing in agricultural production, as the charcoal or horse power required by industry reduced the land available for growing food. Every prior industrial revolution collapsed, as growth could not be sustained. But coal broke this cycle and enabled – for a few hundred years – the phenomenon we now call sustained growth.

It was neither capitalism nor communism that made possible the progress and pathologies (total war, the unprecedented concentration of global wealth, planetary destruction) of the modern age. It was coal, followed by oil and gas. The meta-trend, the mother narrative, is carbon-fuelled expansion. Our ideologies are mere subplots. Now, with the accessible reserves exhausted, we must ransack the hidden corners of the planet to sustain our impossible proposition.


The inescapable failure of a society built upon growth and its destruction of the Earth's living systems are the overwhelming facts of our existence. As a result, they are mentioned almost nowhere. They are the 21st century's great taboo, the subjects guaranteed to alienate your friends and neighbours. We live as if trapped inside a Sunday supplement: obsessed with fame, fashion and the three dreary staples of middle-class conversation: recipes, renovations and resorts. Anything but the topic that demands our attention.


theguardian
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: If we can't change our economic system, our number's up

Unread postby americandream » Wed 28 May 2014, 01:53:02

The article is not quite correct. The advent of reason was going to be accompanied by increased prowess as a species with the ability to manipulate our environment. The rise of capitalist social economy necessarily followed with the emergence of merit based reason. To argue that a social economy is a function of a resource misses the bigger picture...the material compulsion that drives us to new forms of society in a bid to survive. The coal or stone (as in the stone age) merely facilitates this transition.
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Re: If we can't change our economic system, our number's up

Unread postby Graeme » Wed 28 May 2014, 20:24:51

Yes I agree. I think that natural disasters will accelerate before economic collapse as history has shown.

Climate Change Doomed the Ancients

THIS month, a report issued by a prominent military advisory board concluded that climate change posed a serious threat to America’s national security.

The authors, 16 retired high-ranking officers, warned that droughts, rising seas and extreme weather events, among other environmental threats, were already causing global “instability and conflict.”

But Senator James M. Inhofe of Oklahoma, the ranking Republican on the Senate Armed Services Committee and a stalwart believer that global warming is a “hoax,” dismissed the report as a publicity stunt.

Perhaps the senator needs a history lesson, because climate change has been leading to global conflict — and even the collapse of civilizations — for more than 3,000 years. Drought and famine led to internal rebellions in some societies and the sacking of others, as people fleeing hardship at home became conquerors abroad.

One of the most vivid examples comes from around 1200 B.C. A centuries-long drought in the Aegean and Eastern Mediterranean regions, contributed to — if not caused — widespread famine, unrest and ultimately the destruction of many once prosperous cities, according to four recent studies.


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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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