Are we hearing the death-knell of global capitalism? Are the expropriators about to be expropriated? Or will they somehow find a way to make a fast buck out of the crisis, as usual?
haven't they already made a fast buck, thought I heard someone mention something about 70 billion dollars give or take a buck or two. All uncharted waters really and it would be easy to herald the demise of capatilism but I think the beast isn't that easy to destroy
Theres no way something like this could make the whole thing crumble. I suspect you may be right in thinking it might even make them stronger, unfortunately. I also have a suspicious mind but I wont go there
Somehow I have a feeling this is just one of many frequent low points in the boom and bust cycle of global capitalism. In many ways it's not all that different to Marx's prediction of a crisis of over production. He was almost right. This is, in fact, a crisis of over consumption....
OK, so if we're not about to see world-wide revolution leading to a dictatorship of the proletariat, an eventual withering away of the State and the emergence of a classless society, then I want to be sure my savings are safe.
nah, this is just the death knell of western domination of global politics. Give it 10 years and we will all be bowing and scraping to the Chinese. Alternatively we could just have another global war and reduce the worlds population by a few 100 million, I personally would prefer the latter.
no this isnt it wait a year or so because of resource depletion we will have the collapse of the world system and our societys , as humans have used more energy their societys have become more complex when they have less they will collapse or go backwards . so no planes no cars and a very local lifestyle this will start to happen in your lifetime and progress
In a year or so you say? Well that's actually quite a solid falsifiable prediction. We won't have to wait long to see if you're right or wrong....
At the moment its not clear to the majority of people that we have peaked thats why I say a year or so , some things I imagine will happen is oil producers will understand that it will be to their benefit to keep oil rather then export it this will add to the depletion of oil on the market . we will hear lots of excuses and also we will be told of lots of methods to get oil like getting it from coal , or that theres loads of oil in oil shale but that they arent online yet . timing is hard thats why I said year or so but it wont be as far as say 10 years i doubt 5 years , in the early stages we would be able to cut back on oil use in the west as there is some slack in the system . But the problem we will come to is our economic system is built on growth money is in fact debt taken out with the belief that people will be able to pay it back , if we get long term decline in growth people wont be able to pay this debt back and we will have a real economic and currency crisis far worse than this present little trouble. http://www.chrismartenson.com/crashcourse very interesting to watch generally I agree with it. the timings hard to be sure of for the decline of civilisation or you could say the localisation of civilisation , but with less energy society will become less complex and thats going to play out through your lifetime. its not entirely bad we could adjust to it but it doesnt look like we as a civilisation are going to try or at least not in time to avoid serious trouble
Ok, so if there hasn't been total systemic failure in five years, will you admit that your predictions on peak oil were overly dire?
