Oil is the proxy for the end of the growth paradigm.
The Peak Oil story was never about running out of oil. It was about the collapse of complex systems in a world economy faced by the prospect of no further oil-fueled growth. It was something of a shock to many that the first complex system to fail would be banking, but the process is obvious: no more growth means no more ability to pay interest on credit… end of story, as Tony Soprano used to say.
For those of you straining to achieve industrial sustainability, this is actually a major step forward. Not only was the old system bad ecology, it’s now bad economics, too. We get to rebuild the next system aligning both the planet’s balance sheet and our own.
This is the official trend blog of Competitive Futures, a management consultancy that provides trend research and analysis for business and government around the world. Here, we update you on interesting trends we see as part of our work for our clients.
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