Industrial Society, meet wall
Remember the wall that environmentalists (like the 1972 "Limits to Growth" authors) have long been saying that industrial society would eventually hit? Permit me to make the formal introduction: Industrial society, meet wall; wall, meet industrial society.
It's understandably taking a while for the recognition to seep in. We are not accustomed to seeing every indicator of economic well-being, in virtually every country in the world, slam into reverse over the course of a few short months. I still have random conversations with businesspeople and bankers who say we've hit bottom and recovery is at hand; in their view, this is just another business cycle. I see things a bit differently: to my eyes the world situation looks like a slow-motion film of a train wreck, and the sheet metal at the front of the locomotive has only just begun to crumple.
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Last Modified - 24th March 2009