Divisions Grow as a Downturn Rocks Europe
Six years after being struck by economic crisis, Europe is facing a fresh downturn, with few new ideas on the table for reigniting growth and deepening political divisions over the austerity policies that many blame for worsening the malaise.
The whole point of this blog is to illustrate the fact that the world economies are not going to get better. Every “advancement” since the Industrial Revolution has been due to easy access to oil. Demand has never been higher (and ever increasing) while supply is dwindling rapidly. Never minding the environmental effects caused by industrialization and how those effects will play a role in the global food supply in the short term.
The peak is over. Industrialization is in full decline.
- NY Times
A Big Summer Story You Missed: Soaring Oil Debt
Returns diminish as energy companies resort to higher-cost, higher-risk hydrocarbons.
The easy oil is gone, even the difficult and expensive to extract oil is heavily depleted.
- The Tyee
You are “free” (to work).
Oakland, Ferguson solidarity protests.