tag:blogger.com,1999:blog-3580247703206240142.post6336871728362377911..comments2023-05-16T02:08:42.858-07:00Comments on Degringolade: Economy of ScaleDegringoladehttp://www.blogger.com/profile/11893964959960977677noreply@blogger.comBlogger1125tag:blogger.com,1999:blog-3580247703206240142.post-21625182345831548982011-06-23T17:24:08.853-07:002011-06-23T17:24:08.853-07:00I am going backwards through your posts.
You brin...I am going backwards through your posts.<br /><br />You bring up two interesting points to my mind. One is the extent to which we were willing to sacrifice our future, to bail out a banking system of marginal importance. Mind you I am not saying that banking systems cannot be important, just that ours has very little to do with directing capital toward useful endeavors: sort of the point of capitalism.<br /><br />The second point is, if it is amazing what we did to bailout the bankers, it pales before what we have done, and wil do to keep the oil flowing. We are sitting all through the middle east with military basis, and have already conquered one country with the idea that we would make it our :democratic Allie" and pay for the war with its oil: sounds a little like the British after the Seven Years War (what we call the French and Indian War)- that didn't work out so well for them -and it is not working out so well for us either.<br /><br />But much of those intrusions gave lip service to strategic concerns, but was really about cronyism and looting as the Saudis have spread there money all over the place.<br /><br />When we really feel threatened it is going to be ugly. We'll destroy the entire ground water table in Pennsylvania if that is what we need to Frack the gas out, and a lot of oil owning countries should probably consider getting their hands on some nukes. Look how much it helped Qaddafi to give up his program.<br /><br />I would not go so far as to call it silly, but in net, I somewhat agree with you that peak oil by itself, is a little thin of a scenario to bank all your gloom and doom on. Not saying that it won't make us feel a lot poorer, but big systems usually don't collapse from singular causes.russell1200https://www.blogger.com/profile/16258915475311426433noreply@blogger.com