This is why I have been trying to tell everyone that climate change is about 1/3 of the bottleneck we are headed into. It is a long, slow process which will play out over the next 100 years. And it will hurt. But we have a few more immediate stressors to consider. Modern economic theory was developed during a time of seemingly cornucopian access to natural resources and limitless ability of the Earth to absorb our waste and is based on infinite, exponential growth at both ends. But mineral and energy, soil, ocean food webs, ancient aquifers, are entering diminishing grades since we used the best, first. The great expansion from the one time energy bolus of carbon fuels has grown us past full and can only be pulled along via increasing debt and increasing stripping of land for food production and mineral exploration and processing. This debt is a claim on future resources and energy which will very shortly become not quite sufficient to repay it. So one by one, Sovereign debt will go unpaid and the world economy will crash. 10-30 years.There will be a big bubble popping again within 3 years. Bigger than last time. Which may seem to get patched up by more growth temporarily but eventually growth will have to end and we will need a whole new system.
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But 3 billion people still have nothing better than to cook and heat over open fires. So some vast redistribution is still required.
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I could sit and write all day but I am on strike. Perfect weather to stand outside today. Here is my sign.
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