The prototypical disaster

The Financial Times gives us comprehensive coverage of the “disaster” in Davos even as unrest breaks out throughout the industrialized world (e.g., France and England, but not yet in the U.S., likely because we still have food at the grocery store, water coming out the taps, and American Idol on the television). As we descend further into the abyss of the industrial economy’s unwinding, we can expect widespread rioting to spread further, finding its way to the U.S. within the year. Considering this backdrop, it’s informative to glimpse into history at similar events. Since we’ve before never witnessed the end of industrialized civilization, I’m turning to a fictional account.

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Business Party II slithers by Business Party I

Now that Barack Obama has been hanging out in the Oval Office for a whopping two weeks, he’s starting to show his true colors. Turns out those colors aren’t bright blue. They’re purple, with a red tinge. Obama has bought into the Calvin Coolidge notion that, “The business of America is business.”

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The detritus of empire

The Economist finally showed up for the party, admitting late last week “the worst economic performance in 26 years could still be described as better than expected.” Yep, the vaunted hyper-conservative journal of record for the hyper-conservative financial sector finally conceded the economy’s in the tank and, calling it a recession, “this one is getting worse.”

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Limits to growth

Animal populations increase in size in the absence of constraints. Classic ecological examples include extirpation of all native predators (consider white-tailed deer in much of the northern United States, for example, now that humans have removed their predators). In our case, ready access to cheap fossil fuels alleviates constraints such as famine and pestilence. Like all animals that overshoot — that is, outstrip resources — the human animal will undergo a large-scale correction. The longer overshoot persists, the larger the human population becomes, and the greater the requisite correction. The Club of Rome was right, way back in 1972: There are limits to growth, for economies and populations.

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