The American scene changed hugely in the 1920s. Modernity transformed everything from women’s clothing to the human imprint on the landscape. The car… - James Howard Kunstler

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The American scene changed hugely in the 1920s. Modernity transformed everything from women’s clothing to the human imprint on the landscape. The car liberated rural America and began cluttering up the cities. The first tractors started a revolution on the farm.* Muscular American industry outinvented and outproduced all competitors around the world. Foreigners watched our movies and learned to play jazz. A sense of intoxication ran through Wall Street, prompting excessive risk-taking and wild speculation in any novelty, the participation of easily snookered, inexperienced investors buying stocks with borrowed money (“on margin”), unregulated investment pools that behaved like hedge funds do today, “bucket shops” that amounted to betting parlors, and a great deal of insider banking misconduct around financial markets that were hardly policed at all. After it all crashed in October 1929 the loss of confidence was epic. Decades later, scholars still puzzle over the cause of the Great Depression. It was a reality failure. The things that people believed in proved spectacularly unreliable, especially in the realm of money and other abstract paper extensions of it.

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About James Howard Kunstler

James Howard Kunstler (born October 19, 1948, New York City, New York) is an American author, social critic, public speaker, and blogger.

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Additional quotes by James Howard Kunstler

The belief that “market economics” will automatically deliver a replacement for fossil fuels is a type of magical thinking like that of the cargo cults of the South Pacific.
This age-old tendency of humans to believe in magical deliverance and to wish for happy outcomes has been aggravated by the very technological triumphs that the oil age brought into existence. Technology itself has become a… supernatural force, one that has demonstrably delivered all kinds of miracles within the memory of many people now living […]. There's no question that technology has prolonged life spans, relieved misery, and made everyday life luxurious for a substantial lucky minority. […] A hopeful public, including leaders in business and politics, views the growing problem of oil depletion as a very straightforward engineering problem of exactly the kind that technology and human ingenuity have so successfully solved before, and it, therefore, seems reasonable to assume that the combination will prevail again. There are, however, several defects in this belief.
One is that we tend to confuse and conflate energy and technology. They go hand in hand, but they are not the same thing. The oil endowment was an extraordinary and singular occurrence of geology, allowing us to use [a fraction of] the stored energy of millions of years of sunlight. Once it's gone it will be gone forever. Technology is just the hardware and programming for running that fuel, …not the fuel itself. And technology is… bound to the laws of physics and thermodynamics […]. All of this is to say that much of our existing technology simply won't work without petroleum, and without the petroleum "platform" to work off, we may lack the tools to get beyond the current level of fossil-fuel-based technology. Another way of putting it is that we have an extremely narrow window of opportunity to make that happen. In the meantime, here are the problems with the various alternative fuels, based on what we know now.

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Our brains are really not equipped to process events on the geologic scale—at least in reference to how we choose to live, or what we choose to do in the here and now. Five hundred million years is a long time, but how about the mad rush of events in just the past 2,000 years [of written history] starring the human race? Rather action-packed, wouldn’t you say? Everything [that was recorded in written form] from the Roman Empire to the Twin Towers, with a cast of billions—emperors, slaves, saviors, popes, kings, queens, armies, navies, rabbles, conquest, murder, famine, art, science, revolution, comedy, tragedy, genocide, and Michael Jackson. Enough going on in a mere 2,000 years to divert anyone’s attention from the ultimate fate of the earth, you would think. Just reflecting on the events of the twentieth century alone could take your breath away, so why get bent out of shape about the ultimate fate of the earth? Yet I was not soothed by these thoughts... because I couldn’t shake the recognition that in the short term, we are in pretty serious trouble, too.

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