Humanity is in overshoot, and a major correction is already underway, something, which will only accelerate even further. A runaway energy crisis, together with resource depletion, climate change and ecosystems collapse will upend centuries of growth and prosperity. But what does that mean on an individual level? Is there any way to course correct? If not, what are the possible ways of adaption?
The world economy faces a runaway energy crisis, not seen by most commentators. The energy needed to extract the next unit of both oil and minerals increases exponentially due to rich depleted deposits being replaced with ever poorer quality ones. Since energy is the economy, not money, an exponential rise in this area will eventually make further expansion impossible, and lead to a relentless decline. Something, which cannot be stopped, nor financed without bankrupting the economy… In the meantime, both investors and politicians act as if energy were just a cost item, and its supply could expand without any hurdles. What could possibly go wrong?
We are clearly approaching a civilizational tipping point, and there is nothing anyone in power can do about this. The entire process is driven by physics and geology, not wishful thinking and clever humans supposedly inventing their way out if this mess. However, if you were following the logic of how we got here so far, I don’t think it is realistic to say that the passing of this inflection point will suddenly upend civilization, and push everyone, everywhere back into the stone age in a matter of years. Instead, we are about to walk down a long winding road fraught with all sorts of perils, and have to prepare ourselves accordingly.
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