Is it coincidence or expected that we are simultaneously facing:
- economic collapse
- peak oil
- runaway climate change
And yet everything appears sort of normal, if you close one eye and squint.
I think it’s to be expected:
- wealth is proportional to energy consumption
- wealth growth is facilitated by debt
- debt requires economic growth
- economic growth requires increasing energy consumption
- most energy useful for creating wealth is non-renewable
- non-renewable means finite
- the use of anything finite must eventually peak and decline
- more debt can delay the onset of finite resource decline
- energy consumption releases CO2
- CO2 causes temperature rise
- temperature rise triggers many self-reinforcing feedback loops
- many self-reinforcing feedback loops acting together cause runaway climate change
- declining energy causes economic contraction
- climate change causes economic contraction
- more debt can temporarily mask economic contraction
- low interest rates can temporarily make more debt affordable
- debt growth must eventually stop when it saturates the system
- economic contraction with high levels of debt causes collapse
- denial prevents most people from seeing or acting on any of the above
- forces build until they overwhelm the herd’s faithThen something snaps.