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>And they better start soon. Unless there is a path to obtaining material comfort outside of a free-market economy, the only people with comfortable lives will
by vdaniuk 12y ago
>And they better start soon. Unless there is a path to obtaining material comfort outside of a free-market economy, the only people with comfortable lives will be those who start their lives with capital, those who win the genetic lottery, and those who have a strong guild-like organization putting a thumb on the scales on their behalf.
Absoltely. However, developing countries will be hit sooner and much harder. Factories and large industries will be brought back to developed countries and automated with extreme efficiency. China, India, Southeast Asia, any country where economies are reliant on cheap labour and export of manufuctured goods to developed countries will be ravaged with rapid increase of unemployment. Governments are clueless, social safety nets are nearly absent, educational facilities are subpar. There is currently very little that can be done by individual countries to even mitigate the fallout, forget about fixing it.
The storm is coming.
Only really cheap energy and resources can literally save the world. That's why I am hopeful for asteroid mining and nuclear/fusion energy. However, the fair distribution of the newly created wealth is extremely important too. But humanity as a collective is really bad at that.
- Zigurd 12y agoFrom your other comments I'm surprised you are so techno-optimistic. Avoiding a super-crash at the end of the oil age, and the bad news about the population curve means we're screwed without putting safe nuclear energy into assembly-line production a couple decades ago. Asteroid mining will require huge amounts of energy and we'll be lucky not to be living like peasants when oil gets tight.