by Plantagenet » Mon 05 Sep 2011, 18:54:51
$this->bbcode_second_pass_quote('kublikhan', 'c')apitalism cannot survive in a no growth scenario.... we have no choice but to bring average global growth to a halt........ and grind along in a sort of stasis ....we’ve been treated to a preview of what a no-growth stasis economy would look like under capitalism. It’s not a pretty sight: capital destruction, mass unemployment, devastated communities, foreclosures, spreading poverty and homelessness, school closures, and environmental considerations shunted aside in the all-out effort to restore growth. That is “stasis” under capitalism....there is no public support out there for a capitalist steady-state economy.... a steady-state capitalist economy....“no growth” just means no jobs.. limits to growth ... if there is no growth
You are missing the crux of the peak oil problem.
The "no-growth" scenario you are so concerned with will probably only last a few years, while oil production is on a plateau. Once oil production starts to drop we will have DECREASING global oil production and most countries will have to deal with SHRINKING economies for decades to come.
The period of "no-growth" we are in now will seem like a picnic compared to what is likely to come as countries try to cope with shrinking economies
