US economy-Recession, Depression, or Collapse?
We have a lot of things hitting us at one time.
We have contaminated our air and waterways, clear-cut our forests, and our inner cities are dying. The pollution of such natural resources often preceeds economic and societal collapses. The shrinking dollar, soaring gas prices, housing slump and stock market fall, though inconvenient, are not the biggest threats to the economy. These are symptoms caused by deeper systemic problems. We need to learn from these events and discover how to build more sustainable societies. Otherwise, these “hits” are likely to increase and spread.
Many major American institutions are in crisis, including healthcare, religion, transportation, political systems, energy, and education.
That which Heinberg and other Peak Oil theorists have been predicting for years seems to be entering its next stage. With the supply of petroleum and other fossil fuels diminishing and the demand for them increasing–especially from rapidly industrializing China and India–we are moving toward a radically worsened US economy. Canada is one of the many countries whose citizens are ahead of the US in prudent planning for pending crises caused by extreme climate, Peak Oil, and related matters. The Vancouver City Planning Commission has posted a report on a 2006 seminar on collapse at www.plancanada.com. Videos of such ongoing seminars to get ready are available at www.peakmoment.org.
Too many Americans selfishly believe that they have a God-given right to consume whatever their wealth can purchase, without regard to the consequences to other people and the Earth. They take, rather than give, even the natural resources of other peoples. As a farmer, I know that you reap what you sow and that chickens come home to roost.