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Economic storm clouds are gathering : Comments
By Paul Collits, published 8/11/2013The thing that supports our standard of living, an expanding economy, might be running out of gas.
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govt debt..has little to do with any energy shortage
I never said that.
He also said;
[oil was SUPPOSED to peak 13 years ago
No, it was only in 1956 that prediction was made, but as it occurred in
2005-2006 that was a pretty good shot.
Forget tight oil, it will peak around 2015 to 2017.
Individual, people have been suggesting a flat tax for years.
There must be some significant disadvantage for it not to become a
major discussion subject. It would be very easy for government.
Once the economy starts winding down there is a risk of collapse
being triggered. Complex societies, according to what I have read,
about complex systems, collapse very quickly.
Winding down needs clever management. Could our pollies do it ?
The truck driver strike in the UK is given as a modern example.
Three days after the strike began the supermarket shelves were empty
and women were fighting in the aisles over the scraps.
Men were fighting at the service stations for queue positions.
So far all civilisations have collapsed eventually.
Why should ours be an exception ?