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There is a great podcast series called 'The Great Simplification' by Nate Hagens. It is basically just a series of interviews with people about the predicaments

There is a great podcast series called 'The Great Simplification' by Nate Hagens. It is basically just a series of interviews with people about the predicaments of our times. Nate has been working on this theory of 'the great simplification' being a coming event when our monetary systems catch up with the ecological systems that actually govern our world. That there is a lot of credit embedded within our very monetary system that cannot be redeemed long term. That we have issued credits for energy and materials that we cannot actually claim at the volumes needed. It is a compelling idea and that looks fairly plausible. Nate does a great job of walking the fine line between pessimism and optimism, something which Cory Doctoro describes as both side being defeatist.

moffkalast 3y ago
Fiat money only has value because we accept that it does, corporation stocks are only valued what they are because we believe they're valuable. It's all hardly based on anything real anymore, it's just recursive speculation. The world's billionaires have so much made up stock money that they can borrow against, but never use a significant amount of because it fundamentally does not exist. The only thing that's stopping the whole system from imploding is maintaining the constant imaginary growth. And climate change will forcibly shatter the illusion eventually. There is this theory that we've peaked with our net energy extraction in the 1970s, and the graphs that start to diverge that year sure are plentiful and puzzling. It may just be that the last 5 decades have just been us deluding ourselves into believing there's value where very little or none exists, and we only keep afloat because there have been marginal efficiency gains along the way.