The Recession – an opportunity?
Not many people would welcome a recession, but we must ask if it is possible to continue with economic growth forever, especially now that Asia with it’s billions of people, has joined the party. As we have said before, our prosperity and our food supply has been built on finite fossil fuels, the use of which is causing climatic change. If we continue on the present path of continuous growth, we will be hit by energy, water and land shortages causing food supplies to peak and then go in to rapid decline.
We do have an alternative, but without public understanding, it would be unpopular.
We need to put a proper price on fossil fuels, reflecting their finite nature and damaging effect, by moving the tax burden from income and sale taxes to a massive carbon tax to encourage innovation and invention at the speed needed to transform our society to using the abundant solar energy reaching us each day
New industries need to spring up to provide goods that use much less energy and other resources, and to collect much more solar energy through water, wind, photovoltaic panels and the plant leaf.
The present recession has caused a very small reduction in oil consumption. It will be tragic if we quickly go back to rapid growth in consumption of all recources until disaster hits.
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