by americandream » Thu 18 Aug 2011, 20:16:59
$this->bbcode_second_pass_quote('nobodypanic', 'i')t can't work that way. if europe cuts back, then aggregate demand falls, and capital will be unable to outpace the declining rate of profit. capital accumulation will then become unprofitable and the system will go into crisis.
capitalism is the worse system you can have going into peak-oil. note, i am not suggesting we have reached that hard physical limit yet.
An excellent summation of what awaits us...brief, and succinct. An increasing awareness of capitalism's inherent failure mechanisms will with time, get us really examining the sorts of remedies that can work on this planet. Social economy should be objective...emotional issues such as inequity, poverty, wars, race, immigration, welfare, taxes, spending, crime, injustice, resourcing and such like...all symptoms rather than causes....divert such debates and give the conservatives ammunition to further derail this very complex and inter-generational issue. The symptoms are not necessarily trivial but should lead us into the rabbit warren of systemic weaknesses, serving to highlight why it is absolutely guaranteed that oil for example
must run out and why renewable energy's EROEI cannot EVER coincide with capitalism's net annual GDP dictates. However, they don't and we often end up arguing over the relateds rather than what lies at the core of those relateds.