Donate Bitcoin

Donate Paypal


PeakOil is You

PeakOil is You

Post-Peak America - Can government save us?

Discussions about the economic and financial ramifications of PEAK OIL

Post-Peak America - Can government save us?

Unread postby Byron100 » Sat 05 Nov 2005, 11:57:42

I've been an avid follower of Peak Oil and its ramifications for about two months now, and I've experienced a flip-flopping between doomerism and soft-landerism. It's going to be some time before I make up my mind, if ever.

But the topic I want to bring into discussion follows from this hypothesis which I'm sure many of you will agree with: When the Peak hits and we start down the other side at an ever-steeping rate, it will mean the end of free-market capitalism, which of course means severe depression and all its hardships and strife.

I would like to imagine a scenario of what the United States would be like in an energy-deprived era, and how its government and people would cope with its extreme hardships. Here, I'm presenting a hypothetical scenario of America in the year 2024, a decade or so after the Peak.

Unemployment stands at 33%. Gasoline is $18 a gallon (in 2005 dollars) and climbing. The nation's largest cities are experiencing a reprisal of the '60's riots, forcing the deployment of Federal troops and localized martial law (although they never call it such). Millions of people are now homeless and destitute. America is a broken nation, and the rest of the world fares no better. All hope is being lost even by the most optimistic of people as the economy shrinks at a rate of 10% a year with no end in sight. It is clear to nearly everyone: Something Has To Be Done. And Fast.

Enter stage left: A charamistic young governor who is essentially Huey Long Part II. (Google him if you don't know much about him, in short he was a populist governor of the 1930's who was on track to be President when he was assisinated in the LA state capital.) This man, who has already acheived extreme popularity in his home state with his government-backed community programs, has formed the new Progressive Party and is running for President. He has a Plan of Recovery which is gaining widespead support nationwide. In a nutshell, he believes the only way America will be able to survive this greatest of all crisis is through reallocation of the nation's wealth and government subsuming the former role of the failed free-capital markets by providing employment and income for the majority of the population. With his new Progressive Government in place, virtually anyone who is able and willing will now have a job doing something. However, the centerpiece of his plan is a wholesale national effort to build a sustainable society by developing non-fossil fuels, building new communities close to croplands, and so on and so forth. To pay for this, the top 5% wealthiest citizens will be "asked" to contribute the majority of their wealth, and income, investment and corporate taxes would be increased across the board at sharply progressive rates, so that it would be essentially impossible for an individual to make more than a million dollars a year. To make this work however, the US dollar would have to be locked in with the other world's major curriences to prevent dollar flight, but he is certain that other nations will be more than happy to support his plan.

However, Mr. Progressive does have competition in this upcoming election in the worst of times, and this man is Mr. L. Faire. A member of the new Conservative Party, he is campaigning on the primise that the Federal government is nearly at the end of its rope, and a drastic scaling down of government is the only possible way that America can climb out of depression. He has a firm belief that it's not mega-expensive energy is causing the depression, it's the heavy hand of government and its attendent taxation that has crushed the economy, and the only way that the free market can solve the energy shortage is being able to operate in a free and open climate, with extremely low levels of taxation. He proposes a top income tax rate of 22%, with zero tax on all investment income, without limit. To pay for these cuts,- "We're now under cardiac arrest. We have to shock the economy back into life",- he proposes a 50% cut in Social Security payments for all but the poorest pensioners, but insists that it will be temporary and that full benefits will be restored once the economy comes back to life. He also proposes that the individual states take over many of the functions of the federal government, such as education, transportation and welfare. Although his tax and limited government proposals are driving much fire from the Progressives, L. Faire has struck a chord with a wide swath of America, as he esposes the end of the dreaded Big Brother government and a return to basic American values of self-responsibility, hard work, family, and the freedom to make one's own way in life.

It is one month before the momental election of November, 2024. Each candidate has 40% support, so it looks to be a close one.

I'll leave it with this: Who do you think will win? Who would you like to win? And what will be the consequences of either Huey Long II or L. Faire running the country with their plans to fix the problem? And looking at it from a doomer standpoint, will this election be the lasp gasp of a dying republic, the depression continuing unabated regardless who is running the country...??
User avatar
Byron100
Tar Sands
Tar Sands
 
Posts: 973
Joined: Thu 08 Sep 2005, 03:00:00
Location: Atlanta, GA

Re: Post-Peak America - Can government save us?

Unread postby Daryl » Sat 05 Nov 2005, 12:46:08

I suggest Tom Cruise to play the charasmatic young governer. Just need a love interest and I think you've got automatic box office.
User avatar
Daryl
Tar Sands
Tar Sands
 
Posts: 927
Joined: Mon 10 Oct 2005, 03:00:00

Re: Post-Peak America - Can government save us?

Unread postby Byron100 » Sat 05 Nov 2005, 13:34:40

$this->bbcode_second_pass_quote('Daryl', 'I') suggest Tom Cruise to play the charasmatic young governer. Just need a love interest and I think you've got automatic box office.


No way I'm going to have that crazy Sciencetologist in my movie. Pstarr is correct, look for relative unknowns playing both candidates. Will need lots of really distressed-looking extras though, to provide a realistic backdrop for the movie's more dramatic parts... 8)
User avatar
Byron100
Tar Sands
Tar Sands
 
Posts: 973
Joined: Thu 08 Sep 2005, 03:00:00
Location: Atlanta, GA

Re: Post-Peak America - Can government save us?

Unread postby skateari » Sat 05 Nov 2005, 14:22:51

$this->bbcode_second_pass_quote('', ' ')With his new Progressive Government in place, virtually anyone who is able and willing will now have a job doing something. However, the centerpiece of his plan is a wholesale national effort to build a sustainable society by developing non-fossil fuels, building new communities close to croplands, and so on and so forth. To pay for this, the top 5% wealthiest citizens will be "asked" to contribute the majority of their wealth


First of all, the 5% wealthiest people in this country would never let that guy become president. Esp. if this guy is going to ask for the majority of his their money for his ideas. This progressive president would be shot just like Huey Long was and prob. for the same reasons.
User avatar
skateari
Coal
Coal
 
Posts: 486
Joined: Sun 26 Sep 2004, 03:00:00

Re: Post-Peak America - Can government save us?

Unread postby Byron100 » Sat 05 Nov 2005, 14:34:39

$this->bbcode_second_pass_quote('skateari', '')$this->bbcode_second_pass_quote('', ' ')With his new Progressive Government in place, virtually anyone who is able and willing will now have a job doing something. However, the centerpiece of his plan is a wholesale national effort to build a sustainable society by developing non-fossil fuels, building new communities close to croplands, and so on and so forth. To pay for this, the top 5% wealthiest citizens will be "asked" to contribute the majority of their wealth


First of all, the 5% wealthiest people in this country would never let that guy become president. Esp. if this guy is going to ask for the majority of his their money for his ideas. This progressive president would be shot just like Huey Long was and prob. for the same reasons.


I would assume that both candidates wouldn't be leaving home without the Kevlar, due to their extreme proposals. It's not hard to see a lot of Social Security recipiants getting the itchy trigger finger after hearing L. Faire's proposal to gut their benefits...

But in all honesty, if there were millions of hungry families on the streets (sure to be paraded on the TV screens every single night), that there would have to be at least some possibility that a majority would push to confiscate the resources of the wealthy...after all, why should Americans starve while millions still have million$ sitting in the bank?
User avatar
Byron100
Tar Sands
Tar Sands
 
Posts: 973
Joined: Thu 08 Sep 2005, 03:00:00
Location: Atlanta, GA

Re: Post-Peak America - Can government save us?

Unread postby Longsword » Sat 05 Nov 2005, 16:13:43

$this->bbcode_second_pass_quote('Byron100', ' ')
But in all honesty, if there were millions of hungry families on the streets (sure to be paraded on the TV screens every single night), that there would have to be at least some possibility that a majority would push to confiscate the resources of the wealthy...after all, why should Americans starve while millions still have million$ sitting in the bank?


But isn't it the case all around the world that there are millions of hungry families while tiny minorities of elite live in unimaginable luxury and opulence? Why would US be any different in this situation than Zimbabwe? Surely army and the police would remain firmly under the control of the elite, and would deal with the hungry protestors ruthlessly?

To answer original question: L. Faire would win, hands down. Results would be accelerated concentration of wealth on the hands of ever smaller minority. This is the thing that most people seem to get wrong: they actually think that the rich and powerful CARE about other human beings -they don't. They wish to regain the status of the nobles of old where their status is not just a matter of wealth, but they are also "inherently better" by birth. It is called Hubris. :)
Longsword
Peat
Peat
 
Posts: 142
Joined: Sun 23 Oct 2005, 03:00:00
Top

Re: Post-Peak America - Can government save us?

Unread postby Bootstrapper » Sun 06 Nov 2005, 03:04:14

G'day Byron100,

It's a no-brainer, as our friends across the Pacific would call it. L. Faire will win by a landslide, which will wipe out everyone else.

This scenario has been played out in a politico-economic thriller, Apocalypse 2000, by Peter Jay and Michael Stewart. A cracking good read in any circumstances.

George Lakoff adresses the question "Why would people vote for policies that run counter to their interest?"

IMO, Peak Oil is a political and economic problem, not a technical one. Those of us who live in oil-dependent societies must learn a new paradigm: use a LOT less energy (Powerdown) and resources. It's the coalition of government, big business and big finance (Govcorp) that's the disease, and it's masquerading as the cure. The cure?

Local currencies,

Local production for local consumption, and

A just taxation system

There's much to be learned from people who have alrady started the journey down the post-oil road.

Check out The Cuba Diet.

Dimitri Orlov's articles: http://www.fromthewilderness.com/cgi-bi ... sons.shtml

http://www.survivingpeakoil.com/preview ... ur_village

So, in answer to the question posed in this thread: "No!"

Paul
User avatar
Bootstrapper
Wood
Wood
 
Posts: 6
Joined: Sun 12 Jun 2005, 03:00:00
Location: Australia

Re: Post-Peak America - Can government save us?

Unread postby Synergist » Sun 06 Nov 2005, 03:47:22

$this->bbcode_second_pass_quote('Byron100', '.')..To make this work however, the US dollar would have to be locked in with the other world's major curriences to prevent dollar flight, but he is certain that other nations will be more than happy to support his plan. ...


Based on what? Why are other nations "willing" to support his plan? Under a scenario like this, it's likely that other world governments -- who certainly will have even far worse problems of their own -- are not going to continue to subsidize US currency by worthless US treasuries.

This scenario sort of assumes that Peak Oil only affects the US, and the rest of the world sort of blithely carries on. I doubt it.
User avatar
Synergist
Peat
Peat
 
Posts: 68
Joined: Sat 21 Aug 2004, 03:00:00
Top

Re: Post-Peak America - Can government save us?

Unread postby jaws » Sun 06 Nov 2005, 04:09:39

The government poured the concrete for America's cement SUV. What makes you think they'll stop doing that, let alone actually try to FIX things?

You saw what happened in New Orleans. When TSHTF, you're on your own, and more likely than not the government will do everything in its power to make things worse for you, your family and your friends.
User avatar
jaws
Heavy Crude
Heavy Crude
 
Posts: 1228
Joined: Sun 24 Apr 2005, 03:00:00

Re: Post-Peak America - Can government save us?

Unread postby Byron100 » Sun 06 Nov 2005, 08:44:05

$this->bbcode_second_pass_quote('Bootstrapper', 'G')'day Byron100,

It's a no-brainer, as our friends across the Pacific would call it. L. Faire will win by a landslide, which will wipe out everyone else.

This scenario has been played out in a politico-economic thriller, Apocalypse 2000, by Peter Jay and Michael Stewart. A cracking good read in any circumstances.

George Lakoff adresses the question "Why would people vote for policies that run counter to their interest?"

IMO, Peak Oil is a political and economic problem, not a technical one. Those of us who live in oil-dependent societies must learn a new paradigm: use a LOT less energy (Powerdown) and resources. It's the coalition of government, big business and big finance (Govcorp) that's the disease, and it's masquerading as the cure. The cure?

Local currencies,

Local production for local consumption, and

A just taxation system

There's much to be learned from people who have alrady started the journey down the post-oil road.

Check out The Cuba Diet.

Dimitri Orlov's articles: http://www.fromthewilderness.com/cgi-bi ... sons.shtml

http://www.survivingpeakoil.com/preview ... ur_village

So, in answer to the question posed in this thread: "No!"

Paul


Interesting links...thanks for posting them. You're probably right about L. Faire winning, further accelerating the long slide into oblivion. You answered "No!"...you mean you're saying no to both of my hypothetical candidates?

Jaws - $this->bbcode_second_pass_quote('', 'T')he government poured the concrete for America's cement SUV. What makes you think they'll stop doing that, let alone actually try to FIX things?

You saw what happened in New Orleans. When TSHTF, you're on your own, and more likely than not the government will do everything in its power to make things worse for you, your family and your friends.

So you don't think L. Faire will provide the "solution" by eliminating the "problem" of big government? If the government really tries to make things worse for the rest of us, do you think the American people (not just an isolated incidence of a hurricane-ravaged metropolis) will coooperate by willingly paying their taxes and following the government's dictates?
User avatar
Byron100
Tar Sands
Tar Sands
 
Posts: 973
Joined: Thu 08 Sep 2005, 03:00:00
Location: Atlanta, GA
Top

Re: Post-Peak America - Can government save us?

Unread postby Byron100 » Sun 06 Nov 2005, 08:53:52

$this->bbcode_second_pass_quote('Synergist', '')$this->bbcode_second_pass_quote('Byron100', '.')..To make this work however, the US dollar would have to be locked in with the other world's major curriences to prevent dollar flight, but he is certain that other nations will be more than happy to support his plan. ...


Based on what? Why are other nations "willing" to support his plan? Under a scenario like this, it's likely that other world governments -- who certainly will have even far worse problems of their own -- are not going to continue to subsidize US currency by worthless US treasuries.

This scenario sort of assumes that Peak Oil only affects the US, and the rest of the world sort of blithely carries on. I doubt it.


Of course I don't think P.O. will affect just America...I'm just attempting to examine things from a U.S. point of view in this thread, is all. But the thing is, if America goes into the toilet, everyone gets to go down with us, as we serve as the world's export market...if our currency becomes truly worthless, don't you think the leaders of other nations would try to cooperate with the United States in an effort to establish a pan-global currency with fixed exchange rates in order to revive the global economy? (This is assuming that the U.S. hasn't pissed the rest of the world beyond the point of no return by then.)
User avatar
Byron100
Tar Sands
Tar Sands
 
Posts: 973
Joined: Thu 08 Sep 2005, 03:00:00
Location: Atlanta, GA
Top

Re: Post-Peak America - Can government save us?

Unread postby threadbear » Sun 06 Nov 2005, 10:35:08

There are plans right now for the government to "save" you, in the form of a democratic pres in 2008 and congressional clean sweep in 2006. The good cop will take over, where the bad cop left off.

Make work programs in the form of new roads, bridges, sewer systems, cleaning up after environmental catastrophe--it's in the cards. And forget the bunk about the wealthiest 5% not allowing it. Those people are going to fear for their lives. They'll happily accept it, heck they're likely to be the force pushing for it, as many of the wealthy were in Roosevelt's time. Also, expect a repeal of the tax cuts for the wealthy. They're about to get dinged, big time.
User avatar
threadbear
Expert
Expert
 
Posts: 7577
Joined: Sat 22 Jan 2005, 04:00:00

Re: Post-Peak America - Can government save us?

Unread postby Byron100 » Sun 06 Nov 2005, 10:40:33

$this->bbcode_second_pass_quote('threadbear', 'T')here are plans right now for the government to "save" you, in the form of a democratic pres in 2008 and congressional clean sweep in 2006. The good cop will take over, where the bad cop left off.

Make work programs in the form of new roads, bridges, sewer systems, cleaning up after environmental catastrophe--it's in the cards. And forget the bunk about the wealthiest 5% not allowing it. Those people are going to fear for their lives. They'll happily accept it, heck they're likely to be the force pushing for it, as many of the wealthy were in Roosevelt's time. Also, expect a repeal of the tax cuts for the wealthy. They're about to get dinged, big time.


Finally!...someone who thinks the same thing I do about this... :shock:
User avatar
Byron100
Tar Sands
Tar Sands
 
Posts: 973
Joined: Thu 08 Sep 2005, 03:00:00
Location: Atlanta, GA
Top

Re: Post-Peak America - Can government save us?

Unread postby CARVER » Sun 06 Nov 2005, 13:56:11

$this->bbcode_second_pass_quote('Bootstrapper', '
')George Lakoff adresses the question "Why would people vote for policies that run counter to their interest?"
...
Paul


Very interesting links. I like the following quote from page 2 of the article:

$this->bbcode_second_pass_quote('', 'B')ecause the "free market" doesn't exist. There is no such thing. All markets are constructed. Think of the stock exchange. It has rules. The WTO [World Trade Organization] has 900 pages of regulations. The bond market has all kinds of regulations and commissions to make sure those regulations carried out. Every market has rules. For example, corporations have a legal obligation to maximize shareholder profit. That's a construction of the market. Now, it doesn't have to be that way. You could make that rule, "Corporations must maximize stakeholder value." Stakeholders — as opposed to shareholders, the institutions who own the largest portions of stock — would include employees, local communities, and the environment. That changes the whole notion of what a "market" is.

Suppose we were to change the accounting rules, so that we not only had open accounting, which we really need, but we also had full accounting. Full accounting would include things like ecological accounting. You could no longer dump your stuff in the river or the air and not pay a fee. No more free dumping. If you had full accounting, that constructs the market in a different way. It's still a market, and it's still "free" within the rules. But the rules are always there. It's important for progressives to get that idea out there, that all markets are constructed. We should be debating how they're constructed, how they should be constructed, and how are they stacked to serve particular interests.


I think that also goes for the monetary system.

As for the scenario, Bernard Lietaer also gives 4 scenarios in his book The Future of Money. He gives a scenario he calls Sustainable Abundance. It is by far the most desireable scenario. It does not consist of the traditional Left and Right 'solutions' which you describe in your scenario. It uses the ideas that are linked to by Paul (above). It's worth the read!
User avatar
CARVER
Lignite
Lignite
 
Posts: 396
Joined: Thu 19 May 2005, 03:00:00
Location: Holland
Top

Re: Post-Peak America - Can government save us?

Unread postby MrBill » Mon 07 Nov 2005, 13:00:26

$this->bbcode_second_pass_quote('threadbear', 'T')here are plans right now for the government to "save" you, in the form of a democratic pres in 2008 and congressional clean sweep in 2006. The good cop will take over, where the bad cop left off.

Make work programs in the form of new roads, bridges, sewer systems, cleaning up after environmental catastrophe--it's in the cards. And forget the bunk about the wealthiest 5% not allowing it. Those people are going to fear for their lives. They'll happily accept it, heck they're likely to be the force pushing for it, as many of the wealthy were in Roosevelt's time. Also, expect a repeal of the tax cuts for the wealthy. They're about to get dinged, big time.


Hillary in 2008? And your problems are solved? 6,446,131,400 and counting :!:
The organized state is a wonderful invention whereby everyone can live at someone else's expense.
User avatar
MrBill
Expert
Expert
 
Posts: 5630
Joined: Thu 15 Sep 2005, 03:00:00
Location: Eurasia
Top

Re: Post-Peak America - Can government save us?

Unread postby rogerhb » Mon 07 Nov 2005, 13:13:17

$this->bbcode_second_pass_quote('', 'P')ost-Peak America - Can government save us?


Question is: save you from what?

Change of gov won't produce more hydrocarbons.

However they might be smiling while herding you to a camp "for your own safety".
"Complex problems have simple, easy to understand, wrong answers." - Henry Louis Mencken
User avatar
rogerhb
Light Sweet Crude
Light Sweet Crude
 
Posts: 4727
Joined: Mon 06 Sep 2004, 03:00:00
Location: Smalltown New Zealand
Top

Re: Post-Peak America - Can government save us?

Unread postby Bootstrapper » Mon 14 Nov 2005, 04:24:47

$this->bbcode_second_pass_quote('Byron 100', 'Y')ou answered "No!"...you mean you're saying no to both of my hypothetical candidates?


G'day Byron, :-D

I was answering the question which is the title of this thread: "Post-Peak America - Can government save us?"

Conservatives and liberals campaign on a platform of reducing the size of government but once elected, both work flat out to maximise it. Like conventional economics, conventional politics is utterly dependent on cheap, abundant petroleum and the concept of unlimited growth.

One thing's for certain: Govcorp won't give up it's position at the pinnacle of society and move aside in favour of something more suited to a post-peak future. It's the massive concentration of energy in petroleum that permits huge concentrations of industry and the enormous accumulations of wealth, political and military power that flow from it. The drift toward authoritarianism in the industrialised nations is IMO, Govcorp's reaction to Peak Oil, which is in effect the erosion of their power-base.

With their petroleum-based foundation of power eroding, they're laying the foundations for a new socio-economic paradigm that will resemble Feudalism. We're being conditioned us to accept 'the right of might' as the natural order.
User avatar
Bootstrapper
Wood
Wood
 
Posts: 6
Joined: Sun 12 Jun 2005, 03:00:00
Location: Australia
Top

Re: Post-Peak America - Can government save us?

Unread postby Doly » Mon 14 Nov 2005, 08:51:46

$this->bbcode_second_pass_quote('Bootstrapper', 'L')ike conventional economics, conventional politics is utterly dependent on cheap, abundant petroleum and the concept of unlimited growth.


Why? I don't see the connection you see so clearly here.
User avatar
Doly
Expert
Expert
 
Posts: 4370
Joined: Fri 03 Dec 2004, 04:00:00
Top

Re: Post-Peak America - Can government save us?

Unread postby Bootstrapper » Sat 19 Nov 2005, 19:56:49

G'Day Doly. :-D

Do you know of any mainstream politician who doesn't spruik growth?

Regardless of which major party was in office, has the size of government actually decreased over your lifetime?

Politics follows the same set of guiding principles that define Industrial civilisation. Check Chapter 4 - Breaking The Code, in Alvin Toffler's The Third Wave.
The Bootstrapper - Just expressing his opinion, not trying to change anyone else's. :-)
User avatar
Bootstrapper
Wood
Wood
 
Posts: 6
Joined: Sun 12 Jun 2005, 03:00:00
Location: Australia

Next

Return to Economics & Finance

Who is online

Users browsing this forum: No registered users and 0 guests

cron