« Tin Production — A Classic Case Of Limits To Growth | Main | Steve Keen On Banks And Debt »



Feed You can follow this conversation by subscribing to the comment feed for this post.


I would reiterate the point often made on this website in response to the "stimulus was watered down". We have reached the end of growth, in terms of cheap energy, and what the environment can sustain going forth. The status quo, was impossible to sustain, consumption pulled forward in terms of personal or public debt or so called "stimulus" would not have changed things much and the outcome would remain the same. A more vigorous stimulus, at best would have maybe given a temporary boost, with the same results once the consensus delusion known as 'endless growth' broke down.

Sure the rich are continuing to use the rigged system to 'get theirs' as the masses continue to struggle and wake up to the fact that the middle class lifestyle was a temporary blip on the map. Rational simplicity or steady state economy models based on far less 'wealth' will require people to reorganize their values away from stuff. Unfortunately, the transition period may end up just turning the US into a 3rd world country, but during a period of ecological decline (food, water), phosphorous etc etc. I'm not sure why all the wringing of hands over the top down Hierarchy failing the 'masses'--since this has been the case throughout human history, cheap oil provided a temporary change to this for some. The US's oil dominance which ended in the 70's tracks nicely with our change to a debtor nation. Consumption moved forward must be paid eventually, or massively defaulted upon--regardless even if we are informed peasants, peasants we remain.

The comments to this entry are closed.