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Politics : Sioux Nation -- Ignore unavailable to you. Want to Upgrade?

To: Land Shark who wrote (215494)	8/30/2011 2:05:37 PM
From: Wharf Rat	Read Replies (2) \| Respond to of 361123

"Give Karl Marx a Chance to Save the World Economy" Isn't he dead? Maybe I'm thinking of Groucho. Anyway, if I was gonna let a dead guy do it, I'd go with the guy who said it would happen. Can't work any worse than anything else other people propose. "First, we have to sustain aggregate demand and income growth" Somebody needs to tell this guy you can't grow without more energy. Hubbert's Prescription for Survival, A Steady State Economy by Robert L. Hickerson The late Dr. M. King Hubbert, a geophysicist, is well known as a world authority on the estimation of energy resources and on the prediction of their patterns of discovery and depletion. 1. He was probably the best known geophysicist in the world to the general public because of his startling prediction, first made publicly in 1949, that the fossil fuel era would be of very short duration. 2. His prediction in 1956 that U.S. oil production would peak in about 1970 and decline thereafter was scoffed at then but his analysis has since proved to be remarkably accurate. Less well known were Hubbert's studies since 1926 on the rate of industrial growth and of mineral and energy resources and their significance in the evolution of the world's present technological civilization. 3 Clark in "Geophysics" in February 1983 states ""In recent years, he (Hubbert) has assaulted a target -- which he labels the culture of money --that is gigantic even by Hubbert standards. His thesis is that society is seriously handicapped because its two most important intellectual underpinnings, the science of matter-energy and the historic system of finance, are incompatible. A reasonable co-existence is possible when both are growing at approximately the same rate. That, Hubbert says, has been happening since the start of the industrial revolution but it is soon going to end because the amount the matter-energy system can grow is limited while money's growth is not... Message 27478598