Samstag, 23. Juli 2022

Let the Good Times Roll - Energy Depletion Ending Modernity

https://ourfiniteworld.com/2022/07/05/why-raising-interest-rates-to-reduce-inflation-may-work-out-very-badly/ 

The positive side to this is that population and consumption and therefore polluution will drop rapidly. Predictions of 10 billion people and higher GDP are erroneous. Countries without resources or power to get them will fall apart, go into chaos. Predictions of 800 million Nigerians for example in 2100 are based on linear projections of birth rates at highest per capita energy consumption. If all that energy is sold to the highest bidder and local receive nothing while food exports from Ukraine and Russia are stockpiled or sold for gold to China, India and Europe then the only growing continent, Africa will shrink in population, similarly to Europe or China or Japan. Pollution will also fall and the oceans, wildlife will recover. Boats can't go fishing as diesel is too expensive and container ships will be dismantled. Local production will beat China, Bangladesh in prices.Globalization will collapse. Global warming predictions and Mauna Loa CO2 graphs will take a back seat to scraping out a meagre existence. Server farms will shut as social media energy burning becomes sinful compared to basic survival needs. Local contacts will become more important.

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