by jtmorgan61 » Fri 25 Jul 2008, 14:39:09
$this->bbcode_second_pass_quote('Ludi', 'H')ow will people pay for the food when their petroleum-dependent jobs are gone? You just got rid of all the "frivolous" jobs.
Nah, just about 10-20% in the scenario I was discussing above. But you raise a good point.
I think the shape of the response to this issue, depends on what scenario are we talking about. Are we buying ASPO numbers and pretty solid 2nd-Gen biofuel growth after 2015? Because when I try to model that scenario I generally wind up with efficiency improvements a bit behind net depletion in the 2010-15 timeframe, but substantially outpacing net depletion thereafter, i.e. net economic growth.
Are we buying ASPO but not biofuels or Simmons/Ace with biofuels? Then we have a high incidence of recessions and perhaps a 20% lower standard of living by 2030, much of it disguised through inflation, product downsizing, etc. I think in this scenario we see a major expansion of government food stamps and people taking manual labor jobs that illegals do now for illegal wages (not an easy life, but none of those farm workers here in CA are starving.) Some of this increase in available manual labor helps to displace oil use.
On the other hand, if we are buying Simmons/Ace numbers with no biofuel then this is a crisis, no doubt. (This is the moderate thread, not the cornucopian thread.) We are talking about an expansion of government redistribution not seen since the Great Depression. This brings back another intractable disagreement I had with Monte/Savinar, which is the attitude of elites toward mass starvation and the social instability it causes. I took the position that regardless of whether or not the rich give a shit about the poor, a rash of food riots would persuade them to give up a little ground to keeping everyone alive and pacified. With the exception of the defense sector, societal collapse is bad for business. Given the choice, I think most would give up 20 or even 30% of their wealth if the other choice was paying 20-30% of their wealth to live in a fortified compound. And you better believe people on the brink of starvation are going to elect officials who will help them out.