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cmac2012 03-07-2009 11:32 PM

‘The Great Disruption’ begins?
 
http://www.nytimes.com/2009/03/08/opinion/08friedman.html?ref=opinion

Let’s today step out of the normal boundaries of analysis of our economic crisis and ask a radical question: What if the crisis of 2008 represents something much more fundamental than a deep recession? What if it’s telling us that the whole growth model we created over the last 50 years is simply unsustainable economically and ecologically and that 2008 was when we hit the wall — when Mother Nature and the market both said: “No more.”

We have created a system for growth that depended on our building more and more stores to sell more and more stuff made in more and more factories in China, powered by more and more coal that would cause more and more climate change but earn China more and more dollars to buy more and more U.S. T-bills so America would have more and more money to build more and more stores and sell more and more stuff that would employ more and more Chinese ...

We can’t do this anymore.

“Just as a few lonely economists warned us we were living beyond our financial means and overdrawing our financial assets, scientists are warning us that we’re living beyond our ecological means and overdrawing our natural assets,” argues Glenn Prickett, senior vice president at Conservation International. But, he cautioned, as environmentalists have pointed out: “Mother Nature doesn’t do bailouts.”

Skid Row Joe 03-07-2009 11:42 PM

Duh........

Matt SD300 03-07-2009 11:42 PM

Berkeley minds..................:rolleyes:

Chris Bell 03-07-2009 11:44 PM

Quote:

Originally Posted by cmac2012 (Post 2132705)
http://www.nytimes.com/2009/03/08/opinion/08friedman.html?ref=opinion

Let’s today step out of the normal boundaries of analysis of our economic crisis and ask a radical question: What if the crisis of 2008 represents something much more fundamental than a deep recession? What if it’s telling us that the whole growth model we created over the last 50 years is simply unsustainable economically and ecologically and that 2008 was when we hit the wall — when Mother Nature and the market both said: “No more.”

We have created a system for growth that depended on our building more and more stores to sell more and more stuff made in more and more factories in China, powered by more and more coal that would cause more and more climate change but earn China more and more dollars to buy more and more U.S. T-bills so America would have more and more money to build more and more stores and sell more and more stuff that would employ more and more Chinese ...

We can’t do this anymore.

“Just as a few lonely economists warned us we were living beyond our financial means and overdrawing our financial assets, scientists are warning us that we’re living beyond our ecological means and overdrawing our natural assets,” argues Glenn Prickett, senior vice president at Conservation International. But, he cautioned, as environmentalists have pointed out: “Mother Nature doesn’t do bailouts.”

Then the stimulus bill Husein is hawking is complete worhless. Much of it is dedicated to improving and expanding an automobile/consumer infrastructure that will be obsolete before it is built.

cmac2012 03-07-2009 11:45 PM

Quote:

Originally Posted by Skid Row Joe (Post 2132711)
Duh........

Quote:

Originally Posted by Matt SD300 (Post 2132712)
Berkeley minds..................:rolleyes:

Guys, guys, are you really that thick headed? Our current economic model will not long endure. No way. The reckoning may be harsh.

But holy crap, try to think on your feet.

For a change.

Did you actually read the GDed piece?? :rolleyes:

cmac2012 03-07-2009 11:46 PM

Quote:

Originally Posted by Chris Bell (Post 2132716)
Then the stimulus bill Husein is hawking is complete worhless. Much of it is dedicated to improving and expanding an automobile/consumer infrastructure that will be obsolete before it is built.

Auto culture is not going away that soon.

Skid Row Joe 03-07-2009 11:47 PM

Who cares.

What did Bambi say today that was supposed to fix things?:rolleyes:

mwood 03-07-2009 11:48 PM

So if 2008 was this point in time when "the great disruption" began, and it is the turning point for humanity; is it safe to say Bush saved the world?

Chris Bell 03-07-2009 11:49 PM

Quote:

Originally Posted by cmac2012 (Post 2132718)
Guys, guys, are you really that thick headed? Our current economic model will not long endure. No way. The reckoning may be harsh.

But holy crap, try to think on your feet.

For a change.

Did you actually read the GDed piece?? :rolleyes:

The truth is...much of the stimulus bill is devoted to expanding/improving an automotive/consumer based society that is rapidly becoming obsolete

cmac2012 03-07-2009 11:49 PM

Quote:

Originally Posted by Skid Row Joe (Post 2132721)
Who cares.

What did Bambi say today that was supposed to fix things?:rolleyes:

Get a clue Berkshire Hathaway man.

Oh hey, Coca Cola. What a boon to the world. And to Warren Buffett.

Whooo-EEEE!!

cmac2012 03-07-2009 11:50 PM

Quote:

Originally Posted by Chris Bell (Post 2132724)
The truth is...much of the stimulus bill is devoted to expanding/improving an automotive/consumer based society that is rapidly becoming obsolete

Elaborate. Examples. Evidence. Etc.

Botnst 03-07-2009 11:51 PM

Quote:

Originally Posted by cmac2012 (Post 2132729)
Elaborate. Examples. Evidence. Etc.

Oil is finite.

cmac2012 03-07-2009 11:53 PM

Quote:

Originally Posted by Botnst (Post 2132730)
Oil is finite.

No kidding. First I've heard of that.

I MEANT examples of how Hussein's budget was focused on extending the life of auto-culture primarily, which is about what Chris B said.

Do you really think we're going to quit driving cars in the next 8 years? Or 20 years?

raymr 03-07-2009 11:55 PM

What are all those Chinese people gonna do?

RichC 03-07-2009 11:55 PM

The road never ends and the party goes on for ever.

If your an idiot and close your mind off to any kind of rational thought.


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