$this->bbcode_second_pass_quote('rangerone314', '
')Of course if energy costs go up because production is down, I'm not sure exactly what industry the capital would shift to.
PeakOil is You
Proof Positive Oil Has Peaked/Powers
Re: Proof Positive Oil Has Peaked/Powers
by zeke » Fri 07 Aug 2009, 14:46:59
as you'll see, that's one of the symptoms of the rocky plateau scenario we're in at the mo.
simplistically put, oil goes up, industry sheds jobs. oil comes back down, the economy surges, oil goes back up, industry sheds jobs.
rinse.
repeat.
as far as where the "capital" will go, I'm going to suggest that the capital already is where it's going to go: in the hands of the rich bastids that manipulate the economy.
I don't think it can be overstated that "money" is simply a symbol of value. Even if you have 100% gold bricks in your basement, that gold merely represents value. There's no intrinsic value in the gold unless you're making electronics or dental fillings.
What h.sapiens is gowanna get edumacated on right quick is this:
a roof over ya head, beans on ya plate and clothes on ya back have actual value on the reality plane.
the funny money system we are leaving was basically the carrot we all chased in exchange for our labors.
the rich skimmed off that nectar and put it into tangibles. the rest of us have more wrinkles, and some of us have too-big houses we can't pay for.
there you have it. modern economics.
z
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