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Strategies & Market Trends : Booms, Busts, and Recoveries
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To: Moominoid who wrote (68117)8/26/2005 3:05:32 PM
From: Maurice Winn  Read Replies (1) of 74559
 
Good grief Moom, the industrial revolution is over and growth can go on for centuries [not that it will because everything will be different with declining human numbers for a start].

There's no resource shortage. There is just resource price. Of course that's sort of playing with words, but for example there is no shortage of energy. At $1000 a barrel energy equivalent, there is vast energy availability, for example because photovoltaic production becomes economic far below that price. Photovoltaics are already economic for a lot of purposes and at $100 a barrel, a LOT more would be economic.

Countries like China will largely skip the industrial revolution as the 20th century had it, and go to electronically and photonically controlled systems with cyberspace being the zeitgeist. Not steam engines, otto cycle and diesel cycle with hopeless people holding on to a steering wheel, while juggling clutch, brake and accelerator with reaction times measured in seconds and air pollution sufficient to set the sun at 30 degrees up in the sky [which Beijing currently does].

China will never string millions of kilometres of copper around the country for telecommunications. They'll go straight to mobile cyberspace. Same for India.

Don't worry about resources. There are all we can possibly use and at a reasonable cost too. What's needed is more know-how in aquaculture, crop production etc and some genetic engineering of humans [to avoid the need for arduous study for example - pull out a smarter brain rather than do boring homework].

Mqurice
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