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Can’t really really put my finger on it – it’s more like a gut feeling. Something along the line of “in the past, every scarcity was temporary, because we could
by ManuelKiessling 5y ago
Can’t really really put my finger on it – it’s more like a gut feeling. Something along the line of “in the past, every scarcity was temporary, because we could always fossil-fuel-burn ourselves out of the problem – but this time we can’t.”
- dave4420 5y agoThat’s a fair point. I don’t really agree with it, because - we will continue to fossil-fuel-burn ourselves out of the problem, climate change be damned - we’re not actually running out of coal or natural gas - even with oil, extraction is getting more expensive rather than falling off a cliff There are geopolitical constraints around importing fossil fuels. These were temporary in the 70s and they’ll be temporary today. I don’t want to play down the effects of this: it can really ruin your decade. But geopolitical constraints aren’t permanent. You didn’t mention the demographic transition — a greater proportion of pensioners having their pensions paid for by a smaller proportion of workers. This is surely going to be a massive drag at some point, and is something we haven’t experienced before. Is it starting to cause pain? I don’t know.