What's on your mind?
General interest discussions, not necessarily related to depletion.
by John_A » Fri 27 Dec 2013, 15:05:48
$this->bbcode_second_pass_quote('davep', '')$this->bbcode_second_pass_quote('John_A', 'D')emand is not the same as decline, demand can be adjusted as necessary to meet supply by the mechanism of price. Little changes in behavior
Except we live in a world where constant growth is a requirement of the the debt and growth-based fractional reserve banking system.
Do you also mean "except for all those times where we don't have constant growth and the economists call this recession, and when it happens the reserve banking system doesn't crash but handles it like it does everything else"?
Never really bought into the type of "constant growth" meme advocated by ralphy, way too many examples of non-growth, therefore negating the idea that infinite growth is somehow a "requirement" as you put it.
$this->bbcode_second_pass_quote('davep', '
') Economic behaviour changes drastically when that system remains in place and we no longer have the energy required as the main driver to attain growth.
Fortunate then that shortage of energy isn't the issue at all. Unless someone wants to speculate on peak hydrogen for the local nuclear furnace from which all good things flow.
$this->bbcode_second_pass_quote('davep', '
')Sure, you can gain competitive advantage in certain niches, but the overall picture is one of economic decline.
That has been the claim by those who can only see decline for how long now? Reagan and his budget deficit? Not having enough money around to finance WWII? The Great Depression? The claim of oil running out soon...in 1886? The Tulip Mania in the 1600's? Lack of trees for the Romans to build more stuff with?
If your neighbor loses his job, its a recession. If you lose yours, its a depression. This topic is colored way too heavily by personal stories projected into whatever favorite statistic someone has. Underemployment, GDP, slow growth instead of high growth, of any commodity, the BDI, antibiotic resistant bugs, you name it, there has been and always will be something to point at and shout, OH NOES!!! Without defining the exact fear someone has, it is a difficult topic to even discuss.
Lets say I am a Mickey D's worker....darn right I'm worried about economic decline. Maybe I have no other skills, I live paycheck to paycheck, my fear is of ANYTHING changing, including the price of gas, it goes up, I eat less. Or the fear of a Boomer safely coddled in the US social security system and a pension in a strong company, their fear might only be massive inflation of the Wehrmacht kind, and nothing else. Without knowing what someone is actually afraid of related to their personal situation, it becomes difficult to assume your fear of "economic decline" will mean anything at all to me.
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