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.”
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.
I never thought I’d see the day I agreed with one of this country’s most wanted terrorists. Or, for that matter, the big fat idiot who calls himself America’s Anchorman (along with America’s Truth Detector; the Doctor of Democracy; the Most Dangerous Man in America; the All-Knowing, All-Sensing, All-Everything Maha Rushie; defender of motherhood, protector of fatherhood and an all-around good guy).
I appreciate the sentiments, expressed on and off the blog, by those who asked me to come back. As I’ve come to expect, you’re kind. You give me yet another reason to slog on, through the fog of misery shrouding the empire.
I used to talk, and write, about peak oil with considerable urgency. But my enthusiasm is waning. Perhaps it’s time to throw in the proverbial towel, give up the proverbial ghost, switch proverbial horses, or … well, insert your own tired cliché here.
If you’re paying attention to forecasts in the blogosphere, you’ve no doubt seen James Howard Kunstler’s projections for 2009. As always, Kunstler’s writing is humorous and provocative. The forecast is a bit vague and bloated, but we’re halfway to the Dow 4,000 Kunstler predicted more than a year ago we’d hit by the end of 2009.