Donate Bitcoin

Donate Paypal


PeakOil is You

PeakOil is You

Current western Economic system has failed: Official

Discussions about the economic and financial ramifications of PEAK OIL

Re: Current western Economic system has failed: Official

Unread postby Eli » Fri 27 Jan 2006, 11:59:23

$this->bbcode_second_pass_quote('Wildwell', '
')
You tell me who is going to win the end game?


No one will win this game. The US and the West will go out kicking and screaming and for all their quick growth places like China and India are not going to become some sort of new Shangri-La.

Their growth has brought with it just as many problems and their populations still have large amounts of crushing poverty. They come very far only to watch the Brave New World just on the horizon slide out view has higher and higher energy costs begin to smother the world economy.

Their growth in recent years is directly tied to western consumption without that there is nothing to outsource and no one to sell trinkets to, the promises and riches of gobalization will become a bitter trap.
User avatar
Eli
Intermediate Crude
Intermediate Crude
 
Posts: 3709
Joined: Sat 18 Jun 2005, 03:00:00
Location: In a van down by the river

Previous

Return to Economics & Finance

Who is online

Users browsing this forum: No registered users and 0 guests

cron