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" "[Everything, and not just] all human enterprise can tend toward diminishing returns and unsustainability, but some modes have far more long-term prospects than others and some are socially suicidal, even in the short term. Many civilizations, from the Sumerians to the Maya, have faltered when overinvestments in the scale and complexity of food production produced ruinous diminishing returns. On American farms in the early 1800s, the balance between calories expended and calories produced as [the] food was about even. This occurred as tools reached a high stage of refinement but before machines replaced human labor and traditional knowledge. It implies a distinction between tools and machines, between work done with tools and work done by machines. Production improved while entropy was kept to a minimum. Under the current industrial farming system, it takes sixteen calories of “input” to produce one calorie of grain, and seventy calories of input to produce one calorie of meat. A hundred years ago, just before the introduction of… fossil fuel-based technologies, more than 30 percent of the American population was engaged in farming. Now the figure is 1.6 percent. The issue is not moral, academic, or aesthetic. […] It’s a matter of those ratios being made possible only because cheap oil and automation made up for so much human labor. We did what we did in the twentieth century because we could. Of course, not all farm labor amounts to slavery or serfdom. Depending on how farming is organized, it can result in a very satisfactory way of life and rewarding social relations. Agriculture in the United States was organized very differently in Pennsylvania and South Carolina 150 years ago, and not simply because of climatic differences.
Farmers had quickly become addicted to a new debt system of annual operation, mortgaging their farms to raise cash to pay for new machinery and fertilizer—literally betting the farm on a good crop. With prices chronically depressed, mortgages could not be paid off. Farm foreclosures soared in the mid-1920s. Another unanticipated consequence of mechanized farming was the destruction of [the] soil. The tractor and its implements were machines that no one had previously experienced before, and it was some time before farmers noticed the insidious effects of soil compaction, rutting, and erosion that occurred. This would combine a few years later with an extended drought to produce the additional hardship of the .
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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I searched the FM band but there was nothing besides other pious pleaders, and they didn't come in too well. The AM band offered about the same thing, only with worse reception, nothing remotely describable as news, and no music because commercial entertainment as we knew it was no more, and its handmaiden, advertising had gone with it.
Everything characteristic about the condition we call modern life has been a direct result of our access to abundant supplies of cheap fossil fuels. Fossil fuels have permitted us to fly, to go where we want to go rapidly and move things easily from place to place. Fossil fuels rescued us from the despotic darkness of the night. They have made the pharaonic scale of building commonplace everywhere. They have allowed a fractionally tiny percentage of our swollen populations to produce massive amounts of food. They have allowed us to develop industries of surpassing ingenuity and to push the limits of what it even means to be human to the strange frontier where man imagines himself into a kind of machine immortality.
All of the marvels and miracles of the twentieth century were enabled by our access to abundant supplies of cheap fossil fuels. Even the applied technology of atomic fission, which came along in the mid-[20th-]century, would have been impossible without fossil fuels and may be impossible to continue very long into the future without them.
The age of fossil fuels is about to end. There is no replacement for them at hand. These facts are poorly understood by the global population preoccupied with the thrum of daily life, but tragically, too, by the educated classes in the United States, who continue to be by far the greatest squanderers of fossil fuels. It is extremely important that we make an effort to understand what is about to happen to us because it will have earth-shaking repercussions for the way we live, the way the world is ordered, and whether the very precious cargo of human culture can move safely forward into the future.
Money is a wonderful thing. It started out in human history as hard currency, generally gold or silver. These are commodities that are deemed to have intrinsic value but also act as a means of abstractly representing wealth accumulated out of other real commodities. Relatively little hard currency ever circulated freely in the preindustrial world. In that world, most wealth was actual, existing in the form of land, palaces, fleets of boats, bolts of cloth, barrels of grain, standing timber, herds of cattle, and so forth. These were generally things that could be traded, and exchanges of these items were often facilitated through the medium of gold or silver, hence the term "medium of exchange." [The] hard currency could also be acquired by theft or plunder, though that did not necessarily affect its value. Note that the value of [the] hard currency is transcultural. Gold and silver had high value to the Europeans, the Chinese of the Sung dynasty, the Inca, the Aztecs, the ancient Egyptians, and the California Forty-niners.
The industrial experiment took the idea of currency (money) to the next level of abstraction—as hard currency can represent actual goods, so paper currency can represent hard currency and actual goods. As trade increased and took place over ever-greater distances, paper promises to pay hard currency began to steadily take the place of the hard stuff itself, which was cumbersome, hard to lug around in large quantities, and subject to theft in transit. So, to streamline these trades, all kinds of certificates were used as equivalents to hard currency: individual IOUs, bills of lading, letters of credit from rich people, [and] promissory notes issued by guilds. In time, the use of paper certificates became… more normative and conventionalized. Protocols of exchange were established. Institutions were created to process them. This process of managing monetary affairs—of wealth abstracted in [a] paper—was called finance.