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" "The entropic mess that our economy has become is the final blowoff of… industrialism. The destructive practices known as "free-market globalism" were engendered by our run-up to and arrival at the world oil production peak. It was the logical climax of the oil "story." It required the breakdown of all previous constraints… to maximize the present at the expense of the future and to do so for the benefit of a very few at the expense of the many. […] Free-market globalism became the reigning orthodoxy […], challenged only by cranks… at the very margins of society. The moment that the world recognizes the passing of the oil production peak as a reality, globalism will be dead both in theory and practice.
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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Finance came to be viewed as a productive activity itself rather than a means to promote production. The public was no longer buying stock to invest in enterprises that would pay dividends over time, but merely because one could get rich from buying and selling stocks. As more people bought in, stock prices climbed still higher—a dangerous positive feedback loop.
An overwhelming majority of scientists who have looked into the matter agree that global warming is underway and is... caused by people burning fossil fuels. This is the meta-fact hovering over all the details. [...] In [mining and] burning so much [hydrocarbons in the form of] coal, oil, and gas [as fossil fuels] we've released [a fraction of] 460 million years of sequestered carbon into the atmosphere in a mere two hundred years. There are consequences for doing this. The trajectory of climate problems has gotten only more severe since I discussed the issue in The Long Emergency in 2005. Greenhouse gas emissions have exceeded predictions. The IPCC report expects a sea level rise of at least three feet [91 cm] […]; of NASA says... seventeen feet [5.18 m]. If that is the case, there would be no need to argue over the finer points of how many square miles in the Netherlands would be underwater... along with Bangladesh, many Pacific islands, most of Florida, and the Mississippi River Delta, Houston, Jacksonville, Key West, and thousands of other places.
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The old high school complex itself was a 1970s-vintage modernist monstrosity, a U-shaped set of low-slung rectilinear boxes like ten thousand other schools around the nation from the period. Seeing the building usually made me deeply sad and even a little angry, the way that old refrigerator in my garden did. Its vision of yesterday's tomorrow seemed pitiful. Children like my Daniel and Genna had sat in those very box buildings under buzzing fluorescent lights listening to their science teachers prattle about the wonders of space travel and gene splicing and how we were all going to live to be a hundred and twenty-five years old in "smart" computer-controlled houses where all we had to do was speak to bump up the heat or turn on giant home theater screens in a life of perpetual leisure and comfort. It made me sick to think about [it]. Not because there's something necessarily wrong with leisure or comfort, but because that's where our aspirations ended. And in the face of what had… happened to us, it seemed obscenely stupid. Thinking about all that got me so agitated, I took off up the road. Motion is a great tranquilizer.