The corporations benefiting from this regime often had no physical home of their own, even in their country of origin—and not a few American corporat… - James Howard Kunstler

American life, with its twin engines of suburbanization and factory production of consumer goods for the […] world, became so quickly and obviously successful that a new consensus formed supporting the value of the dollar and its paper accessories in capital markets, chiefly stocks, and bonds. This is not to say that the securities markets boomed in the 1950s and 1960s—it took until then just to recover the value levels of the pre-1929 crash—but stocks and bonds did regain respectability, [and] legitimacy. Those who had lived through the Great Depression, meaning virtually all the men who had served in the wartime army, had very modest expectations about the role of finance in the postwar economy. In the 1950s and 1960s, Americans bought stocks for the annual dividends they paid, not to flip them for a quick profit. In fact, share prices remained […] very flat during this period. The whole notion of investment was different than it would become later in the twentieth century. In the 1950s and 1960s, stock and bond values were linked much more directly with the successful production of real goods. General Motors derived its profits and paid its dividends on the basis of auto sales, not as today, primarily from leveraging interest rates and other abstract numbers' games removed from the actual making of products. In sum, the public attitude about the role of finance was extremely conservative. Finance was not an “industry” per se, but a set of institutions designed to keep the idea of money and its accessories credible, […] to allow real industries to function.

What is... not comprehended about this predicament is that the developed world will begin to suffer long before the oil and gas... run out. The American way of life... can run only on reliable supplies of dependably cheap [hydrocarbons like] oil and gas. Even mild to moderate deviations in... supply will crush our economy and make… daily life impossible. Fossil fuel reserves are not scattered equitably around the world. They tend to be concentrated in places where the native peoples don’t like the West in general [...], places physically very remote, places where we realistically can exercise little control [...]. [...] We can be certain that the price and supplies of fossil fuels will suffer oscillations and disruptions in the period ahead [...]. [...] The decline of fossil fuels is certain to ignite chronic strife between nations contesting the remaining supplies. These resource wars have already begun. There will be more of them. They are... to grind on and on [...]. They will only aggravate a situation that, in and of itself, could bring down civilizations. The extent of suffering... will certainly depend on how tenaciously we attempt to cling to obsolete habits, customs, and assumptions–for instance, how fiercely... [we] decide to fight to maintain suburban lifestyles that simply cannot be rationalized any longer.

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.