Many people blame political intrangience for today’s stock market plunge. That’s part of it, but there’s a deeper reality. Our nation’s fiscal priorities couldn’t be more completely hosed, but resource limitations are the fundamental basis of our economic dreariness over the past five years.
A five minute video highlights some of the factors behind Richard Heinberg’s End of Growth thesis.
This video crams a lot into five minutes, but you can only convey so much info in that time. Many issues and nuances are left out. You can find them addressed in much more detail in Heinberg’s book The End of Growth: Adapting to Our New Economic Reality.