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Politics : Rat's Nest - Chronicles of Collapse
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To: Wharf Rat who wrote (4862)10/14/2006 9:50:02 AM
From: Wharf Rat  Read Replies (1) of 24213
 
Peak Oil Naysayers Partying On for Growth

The top dogs and their less successful defenders hide behind the religion of economic growth, puffing up their chests to speak so assuredly that there can be no long-term shortage of oil or energy. They adhere to neoclassical economics that claims resources are available according to price/supply/technological factors, not based on natural limits.
The rest of the religious litany for growth relies on the unproven carrot "a rising tide lifts all boats." However, trickle down was already discredited even before Reaganism. The wasted '80s should have taught us all we needed to know. But no. Despite the worsening of key indicators as real income, energy security and environmental quality, the same people and system remain on top, screaming for more growth. Thrift and conserving are discouraged, and record indebtedness encouraged, as economists cheer on consumer buying-power as the driver behind the global economy.

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