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Strategies & Market Trends : Booms, Busts, and Recoveries

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To: PMG who wrote (7002)	8/12/2001 6:19:31 PM
From: KyrosL	Read Replies (2) of 74559

I disagree with Maurice about antitrust, but I must confess that his CO2 position does not sound wacky to me. It was only 20 thousand years ago that a good portion of the earth's temperate zone was covered with ice, and it appears that the earth almost tipped into an ice age only a few centuries ago. Computer models (the ones that model ice ages) show that ice ages can start and be established surprisingly fast -- perhaps less than a century -- and tend to persist for thousands of years. An ice age will be a catastrophe for humans, probably destroying civilization for many generations. On the other hand, a warming of the atmosphere by, say, an extra degree, which will result if we don't adopt immediately draconian CO2 reduction measures, will have a much milder effect, and may even result in an increase of food production capacity -- in addition to reducing the probability of an Ice Age. A lot of people may suffer a temporary reduction in their living standards but there will be no starvation, civilization will not be threatened and we will probably adapt and resume prospering in less than a generation. Kyros

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