The old ways won't work anymore
We have been aware (if we had chosen to be) of these problems of demographics, limits to growth, the impossibility of a global economy, for at least 25 years.
However, the exuberance of what the writer calls "the dynamic economy" has blinded us to reality.
The only constant in human existence is change, but we stupidly choose to delude ourselves that the only change happening is that which will enhance the existing paradigm.
By doing this for an incredibly long time the correction will be very disrupting.
The best hope is that it will proceed without major worldwide conflict (i.e. WW III).
Fortunately, the solutions are built into the problem - reduced birthrate, property market destroying itself, conservativeness of the aged, enforced idleness - but they won't provide a very nice way to solve it.
Why are we afraid of a growth limiting scenario?
Possibly because growth has given us all the great things we have longed for throughout human history - plenty, health, freedom, education, leisure, etc.
For the last 3 decades or so we have been forcing unnatural growth beyond the limits of ecological systems.
There will be a heavy price to pay soon.
Of course this insight will continue to elude those who "make things happen" in society and we will continue to see BPocalypses, G8/20/45 summits, Tar Sands expansions, foreign currency imbalances, and entities "too big to fail" for some time yet.
Makes one almost glad to be into one's old age and probably likely to miss the worst of it.
- David Parker's blog
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