The free-market part of the equation referred to the putative benefit of unrestrained economic competition between individuals, and because corporati… - James Howard Kunstler

One final thing worth noting on the subject of rail: From 1890 to about 1920, American localities managed to construct hundreds of local and interurban streetcar lines that added up to a magnificent national system (independent of the national heavy rail system). Except for two twenty-mile gaps in New York state, one could ride the trolley lines from New England clear out to Wisconsin. The story of the conspiracy by General Motors and other companies to destroy the U.S. interurban system is well documented. The salient point, however, is how rapidly the system was created in the first place, and how marvelously well it served the public in the period before the automobile became established.

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.

The high tide of the... [industrial] age also happened to be a moment in history when human ingenuity gained an upper hand against the age-old scourges of disease. We have enjoyed the great benefits of antibiotic medicine for... a half-century. Penicillin, sulfa drugs, and their descendants briefly gave [hu]mankind the notion that diseases caused by microorganisms could, and indeed would, be systematically vanquished. Or, at least, this was the popular view. Doctors and scientists knew better. The discoverer of penicillin, Alexander Fleming, himself warned that antibiotic misuse could result in resistant strains of bacteria.
The recognition is now growing that the victory over microbes was short-lived. They are back in force, including... old enemies such as tuberculosis and staphylococcus in new drug-resistant strains. Other old diseases are on the march into new territories, as a response to climate change brought on by global warming [caused by the burning of fossil fuels]. In response to unprecedented habitat destruction by humans and the invasion of [what we call] wilderness, the earth itself seems to be sending forth new and much more lethal diseases, as though it had a... protective immune system with antibody-like agents aimed with remarkable precision at the source of the problem: Homo sapiens.