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Boomers were lucky, but it was because of energy. Energy undergirds economies and builds wealth. Energy production per capita was sharply on the rise (and ove
by rdiddly 9y ago
Boomers were lucky, but it was because of energy. Energy undergirds economies and builds wealth. Energy production per capita was sharply on the rise (and overall wealth therefore expanding) when most Boomers were born. By the time GenXers grew up and Millenials were born, energy, and economic growth, had entered a plateau, with many little bumps and dips, and a measured all-time peak in 2005. There may yet be another peak coming. But if the likes of Richard Duncan[0] are right, it will eventually decline, such that per-capita energy utilization will look like a transient pulse of very short duration on the timeline of history, resembling some of these graphs here[1], and not the infinitely upward-sloping curve imagined by techno-optimists.
Boomers simply had the good luck to be born on the upward-sloping portion of the per-capita energy utilization curve.
[0]https://en.wikipedia.org/wiki/Olduvai_theory https://en.wikipedia.org/wiki/Olduvai_theory
[1]https://duckduckgo.com/?q=olduvai+theory&iar=images&iax=images&ia=images https://duckduckgo.com/?q=olduvai+theory&iar=images&iax=imag...
- IshKebab 9y agoThat sounds like bullshit. Seems much more likely that energy use and production follows the economy rather than the other way around. Boomers did well because the population was much smaller and globalisation wasn't a thing.
- rdiddly 9y agoOn the way up, energy use follows economic activity. On the way down, it's vice versa.