{"id":57719,"date":"2021-05-07T08:42:15","date_gmt":"2021-05-07T13:42:15","guid":{"rendered":"https:\/\/olduvai.ca\/?p=57719"},"modified":"2021-05-07T17:16:20","modified_gmt":"2021-05-07T22:16:20","slug":"todays-contemplation-collapse-cometh-xi","status":"publish","type":"post","link":"https:\/\/olduvai.ca\/?p=57719","title":{"rendered":"Today\u2019s Contemplation: Collapse Cometh XI"},"content":{"rendered":"
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Today\u2019s Contemplation: Collapse Cometh XI<\/strong><\/a><\/h3>\n
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Knossos, Crete (1993) Photo by author<\/figcaption><\/figure>\n

Yet another in an increasing collection of comments I have posted to the online media site\u00a0The Tyee<\/a>. This time it is a commentary on an\u00a0article<\/a>\u00a0that reviews a book arguing in favour of the implementation of Universal Basic Income.<\/p>\n<\/div>\n<\/div>\n<\/section>\n

*\u00a0 \u00a0 \u00a0*\u00a0 \u00a0 \u00a0*<\/div>\n
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\u201cNo stone is left unturned in their thorough and convincing argument\u2026\u201d<\/p>\n

I\u2019m not so sure this is true. My personal fo<\/span>cus for the past decade+ has been on the unsustainability of our complex society, particularly as it is impacted by our propensity to chase growth \u2014 especially population and economic, for these both have a significant connection to our ever-increasing drawdown of finite resources and ecological destruction of our planet. If we are not correcting this tendency to \u2018grow\u2019 in any way, shape, or form, then we are just creating more ways to kick-the-can-down-the-road of our wasteful and ruinous path; and place the significant burden of our misinformed ways on future generations.<\/p>\n

One of the key arguments of archaeologist Joseph Tainter\u2019s thesis regarding societal collapse as presented in his text The Collapse of Complex Societies is that a society becomes increasingly susceptible to collapse once it encounters diminishing returns on its investments in complexity. It is not a stretch at all to argue that we have been on the path of such decline for decades, particularly once we began creating a purely fiat currency that has allowed an explosion in debt\/credit. If one looks at the \u2018growth\u2019 of our world since the late 1960s when central banks\/governments shifted the world to a monetary system that creates money from thin air with no connection to physical commodities that could constrain our growth somewhat, it is almost all predicated on debt\/credit expansion; a conundrum since debt repayment necessitates the growth imperative to continue (yes, basically a gargantuan Ponzi scheme).<\/p>\n

\u2026click on the above link to read the rest of the article\u2026<\/p>\n<\/div>\n<\/div>\n<\/section>\n","protected":false},"excerpt":{"rendered":"

Today\u2019s Contemplation: Collapse Cometh XI Knossos, Crete (1993) Photo by author Yet another in an increasing collection of comments I have posted to the online media site\u00a0The Tyee. This time it is a commentary on an\u00a0article\u00a0that reviews a book arguing in favour of the implementation of Universal Basic Income. *\u00a0 \u00a0 \u00a0*\u00a0 \u00a0 \u00a0* \u201cNo […]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_monsterinsights_skip_tracking":false,"_monsterinsights_sitenote_active":false,"_monsterinsights_sitenote_note":"","_monsterinsights_sitenote_category":0,"footnotes":""},"categories":[2,4,7],"tags":[150,309,2942,5833,30370,16624,16746],"class_list":["post-57719","post","type-post","status-publish","format-standard","hentry","category-economics","category-environment","category-survival-2","tag-collapse","tag-fiat-currency","tag-ponzi","tag-steve-bull","tag-todays-contemplation","tag-ubi","tag-universal-basic-income"],"_links":{"self":[{"href":"https:\/\/olduvai.ca\/index.php?rest_route=\/wp\/v2\/posts\/57719","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/olduvai.ca\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/olduvai.ca\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/olduvai.ca\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/olduvai.ca\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=57719"}],"version-history":[{"count":2,"href":"https:\/\/olduvai.ca\/index.php?rest_route=\/wp\/v2\/posts\/57719\/revisions"}],"predecessor-version":[{"id":57721,"href":"https:\/\/olduvai.ca\/index.php?rest_route=\/wp\/v2\/posts\/57719\/revisions\/57721"}],"wp:attachment":[{"href":"https:\/\/olduvai.ca\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=57719"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/olduvai.ca\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=57719"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/olduvai.ca\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=57719"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}