{"id":66745,"date":"2024-02-07T13:00:58","date_gmt":"2024-02-07T18:00:58","guid":{"rendered":"https:\/\/olduvai.ca\/?p=66745"},"modified":"2024-02-07T12:09:13","modified_gmt":"2024-02-07T17:09:13","slug":"todays-contemplation-collapse-cometh-clxxv-energy-and-its-interconnections-with-our-financialised-economic-system","status":"publish","type":"post","link":"https:\/\/olduvai.ca\/?p=66745","title":{"rendered":"Today\u2019s Contemplation: Collapse Cometh\u00a0CLXXV–Energy and Its Interconnections With Our Financialised Economic System"},"content":{"rendered":"
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Today\u2019s Contemplation: Collapse Cometh\u00a0CLXXV<\/strong><\/h3>\n
Teotihuacan, Mexico (1988). Photo by\u00a0author.<\/figcaption><\/figure>\n

Energy and Its Interconnections With Our Financialised Economic System<\/strong><\/p>\n

Petroleum geologist Art Berman recently posted an article<\/a> discussing an issue regarding the mainstream energy transition narrative that I wanted to highlight. This is the connection between our monetary\/financial\/economic systems and energy, something that as Art argues is apparently not understood by most (all?) of the cheerleaders of this energy transition.<\/p>\n

Or, perhaps it\u2019s not that most don\u2019t understand it, but that the complexities and interconnections are (conveniently?) ignored\/dismissed\/denied\/overlooked\/simplified as part of the bargaining\/magical thinking\/avoidance of anxiety-provoking thoughts that takes place in attempts to provide a \u2018solution\u2019 for what is for all intents and purposes a \u2018predicament\u2019 that at best might be mitigated at the margins\u200a\u2014\u200aI\u2019m referring to human ecological overshoot here, but also the recurring \u2018collapse\u2019 processes that complex human societies have been experiencing since our first experiments with them many millennia ago.<\/p>\n

As Art concludes in his article:
\n\u201cMost of the world\u2019s leaders and the public accept that we are in the early stage of an energy transition away from fossil fuels to renewable energy. Few of them understand what that means for our financial system because renewable energy\u200a\u2014\u200afor all of its progress and benefits\u200a\u2014\u200acannot replace our 383 billion fossil energy slaves.<\/p>\n

Money creation is nothing but debt. Debt is an IOU on future energy. If future energy can\u2019t provide the same returns as present energy, money supply and credit will radically contract. A future based on renewable energy will collapse the money supply and the financial system.\u201d<\/em><\/p>\n

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The importance of this connection cannot perhaps be overstated given the degree to which our many complexities have grown to be dependent upon our monetary\/financial\/economic systems. The impending implosion of these systems places the hopes\/dreams of a \u2018smooth\u2019 energy transition in great peril; in fact, I would argue it\u2019s an impediment that cannot be avoided and may be as or more significant than the hard geophysical limits of Peak Resources. I also believe this aspect helps to connect the dots between a number of themes that I have written about over the past handful of years as I reflect upon and attempt to come to a better understanding of the immense complexities involved in our predicament of human ecological overshoot and the recurring collapse processes that impact our societies.<\/p>\n

I\u2019ve written about fiat currency\u2019s role and our economic\/financial systems in our predicament and recurring societal collapse a number of times and from a variety of angles[1]<\/a>. In particular, I\u2019ve highlighted the debt-\/credit-based nature of our relatively recent economic growth dynamics and how this is not sustainable since it pulls potential future growth and, more importantly, all the concomitant resources (especially energy) into the present leaving less and less resources to access and use in supporting our complexities down the road\u200a\u2014\u200aand on a finite planet this self-evidently means the practice is not sustainable, not even close. And, due to the law of diminishing marginal returns<\/a>, we need to do this resource drawdown more and more quickly just to maintain status quo complexities\u200a\u2014\u200ato say little about efforts to pursue continuing growth expansion, the biogeophysical limits to this, and the speed at which it adds to already overloaded planetary sinks and degrades our ecological systems.<\/p>\n

While many go to great lengths to deny\/bargain with\/rationalise away this perspective (including the notion of hard biogeophysical limits), it seems these systems have become little more than a Ponzi Scheme<\/a> as a result of the approach that has been taken\u200a\u2014\u200aespecially their financialisation<\/a>. We have, for better or worse, been inclined to pursue perpetual, exponential growth to now keep them from collapsing and having to face the consequences of such an implosion. And these consequences will be significant, especially for so-called \u2018advanced\u2019 economies who are the main beneficiaries of this arrangement.<\/p>\n

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Perhaps the most salient and problematic consequence of a monetary\/financial\/economic systems \u2018collapse\u2019 for our complex societies would be a cessation of global energy averaging systems; that is, trade of goods. For families\/communities\/regions\/nations dependent upon import of goods (especially food, potable water, shelter needs, and the energy that underpins virtually everything), this could be disastrous if local circumstances\/resources cannot support population needs. And, given the way and amount that humans have expanded across the globe\u200a\u2014\u200aparticularly the last couple of centuries\u200a\u2014\u200amost localities cannot support their populations with locally-derived resources; again, not even close.<\/p>\n

For example, in considering my home province of Ontario, Canada, the 15+ million (and growing) population imports well over 80% of its food needs and a very significant portion of other important goods. Very little of our basic needs are met with local resources indicating our population is well beyond the natural carrying capacity of our immediate environment and almost wholly dependent upon international trade\u200a\u2014\u200aand the situation is made worse each passing year as more and more of the limited arable lands get \u2018paved over\u2019 in the pursuit of human expansion. In no uncertain terms, should trade-based supply chains breakdown for any reason our population will be in a very dire situation. The \u2018inconvenience\u2019 of Covid19 lockdown supply chain issues that was recently experienced by many regions was just a drop-in-the-bucket compared to what may arise in the wake of credit-based, supply chain \u2018disruptions\u2019\u200a\u2014\u200ato say little about geopolitical-based disruptions that are beginning to expand and can be argued to have a base in resource access\/control.<\/p>\n

I\u2019ve also repeatedly touched upon the ruling class\u2019s abuse\/leveraging\/manipulation of these systems to meet their primary motivation\u200a\u2014\u200athe control\/expansion of the wealth-generation\/-extraction systems that provide their revenue streams[2]<\/a>. In order to maintain their privileged positions atop the power\/wealth structures inherent in complex societies, the ruling class have taken control of virtually all of society\u2019s interconnected systems (e.g., government, media, academia, security, etc.), but especially the monetary\/financial\/economic ones. This provides this relatively small group of individuals\/families with, at least for the time being, perpetual income\/wealth to sustain their living standards and privileges\u200a\u2014\u200aparticularly because of the very significant dependencies on the various systems by the masses that have been established, especially over the past century+ (i.e,. a loss of skills\/knowledge to be self-sufficient breeds total dependency upon those providing basic goods such as food, potable water, shelter needs, and energy).<\/p>\n

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\u201cThe conscious and intelligent manipulation of the organized habits and opinions of the masses is an important element in democratic society. Those who manipulate this unseen mechanism of society constitute an invisible government which is the true ruling power of our country.\u00a0\u2026We are governed, our minds are molded, our tastes formed, our ideas suggested, largely by men we have never heard of.\u201d
\n-Edward Bernays<\/p>\n

Given these organisational tendencies in large, complex societies it should be no surprise, that at the behest of those that stand to profit significantly from their pursuit (i.e., accumulation of wealth and the power\/influence that flows from this), we have been guided towards maladaptive strategies via legislation but also very much by way of narrative management\/control[3]<\/a>. In order to sustain\/expand the various wealth-generation\/-extraction rackets, the ruling class has created broad-based narratives\/stories to not only legitimise their positions atop our sociopolitical and socioeconomic systems but also to dissuade the masses from questioning the pursuit of perpetual growth on a finite planet.<\/p>\n

\u201cThe conscious and intelligent manipulation of the organized habits and opinions of the masses is an important element in democratic society. Those who manipulate this unseen mechanism of society constitute an invisible government which is the true ruling power of our country.\u00a0…We are governed, our minds are molded, our tastes formed, our ideas suggested, largely by men we have never heard of.\u201d
\n-Edward Bernays<\/p><\/blockquote>\n

The world\u2019s ruling class and profiteers are motivated to pursue the infinite growth chalice at every opportunity (making a bad situation worse) and in order to keep the various rackets going\/expanding (that they control and profit from) they spin\/market this as both inevitable and necessary despite it being the exact opposite path for \u2018sustainability\u2019, long-term survival of our species, and health of our planet and its various ecological systems. They insist that growth is \u2018progress\u2019, only beneficial, has no limits, and can be accomplished in an \u2018environmentally-friendly\u2019 (aka \u2018green\/clean\u2019) manner. Anyone who challenges this zeitgeist is a tinfoil hat-wearing, doom-loving conspiracy theorist and must be excised from spreading their mis-\/dis-\/mal-information.<\/p>\n

In particular, it is completely against the interests of the ruling class for the masses to be independent and\/or self-sufficient as this challenges their wealth-extraction\/-generation systems and thus positions of power and privilege (see the most recent denigration of home food gardening as being bad for the environment[4]<\/a>). Rather than risk a loss of their revenue streams and the influence it brings, they steer beliefs towards the support of actions\/policies that in the end create greater and greater dependency upon the complex systems they own and control.<\/p>\n

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It is because of these interconnections between our energy\/resource needs\/wants and the ruling class\u2019s control\/influence upon these various systems that I have personally come to the conclusion that probably one of the last places we should look to\/depend upon for a \u2018rational\u2019 approach to our ecological overshoot predicament and pending societal collapse is our sociopolitical systems\u200a\u2014\u200aa \u2018rational\u2019 approach being to pursue degrowth and self-sufficiency policies[5]<\/a>, not continue chasing the perpetual growth chalice and sociopolitical dependencies.<\/p>\n

While our sociopolitical systems are marketed\/trumpeted as \u2018representative\u2019 and \u2018for society\/the people\u2019, when one wipes away this surface narrative they are anything but[6]<\/a>. They have been created by and remain controlled by society\u2019s \u2018elite\u2019 in order to benefit a relatively small number of our species at the expense of the rest of us, as well as the entire planet and its other species. This group\u2019s motivations are, despite narratives to the contrary, diametrically opposed to human ecological \u2018sustainability\u2019.<\/p>\n

Not wishing to believe or acknowledge the predicaments\/insoluble problems we are mired within and believe that we have agency in our lives and society, we story-telling apes have crafted a variety of soothing, cognitive dissonance-reducing narratives to help minimise our anxiety and avoid reality[7]<\/a>. It seems it is in our uniquely human nature to avoid anxiety-provoking thoughts by telling and believing in stories that are disconnected from physical realities and also overlooks our ecological systems dependencies. We have tales that put us above and beyond the vagaries of the natural world and capable of overcoming biogeochemical limits at the wave of a wand called human ingenuity and technology. And, not surprisingly, our ruling class have dominated the storytelling and leveraged them to their advantage, creating a number of rackets from which they benefit significantly[8]<\/a>.<\/p>\n

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In particular, tales have been weaved about smoothly transitioning away from the fundamental resource that has underpinned our significant exponential growth in technology (i.e., hydrocarbons), allowing us to\u200a\u2014\u200afor the moment\u200a\u2014\u200aignore the hard, physical constraints of living on a finite planet and believe we stand outside\/above Nature and, as a result, created \u2018solutions\u2019 that are exacerbating our dilemma by leading us further into ecological overshoot[9]<\/a>. They are exacerbating our predicament through the continuing expansion of our global, industrial societies, our population numbers, and the prolonged avoidance\/denial of it.<\/p>\n

Rather than face the anxiety-provoking thoughts that arise from the realisation\/awareness that our most adaptive ability\u200a\u2014\u200atool innovation and use to enhance the extractive exploitation of our environment and leverage it to our needs\/wants\u200a\u2014\u200ais, in actuality, facilitating our demise (and perhaps that of most other life on the planet), we have employed protective psychological mechanisms to convince ourselves that our eyes are lying to us[10]<\/a>; that our tools and the human ingenuity from which they arise are not only our greatest asset but will, regardless of impediments or even physical laws, \u2018solve\u2019 all potential difficulties\/problems we encounter.<\/p>\n

The leveraging of hydrocarbons through our tool innovation\/use (along with some other \u2018innovative\u2019 catalysts, such as credit-\/debt-based fiat currency) and subsequent exponential expansion has helped to put us in the predicament of ecological overshoot with all the associated symptom predicaments a result (e.g., biodiversity loss, sink overloading, resource depletion, etc.)[11]<\/a>. But rather than recognise and acknowledge the one-time cache of easy-to-access and easy-to-transport dense energy resource as a main reason for our \u2018progress\u2019, we have woven narcissistic narratives that place the reasons upon our unparalleled ingenuity and tool-based innovations.<\/p>\n

Those of us who have become aware of our predicament and have attempted to speak out\/raise awareness of it tend to sit on the margins. Given most people wish their beliefs confirmed as opposed to challenged, we have experienced the emotional \u2018reactions\u2019 that accompany the speaking of anxiety-provoking thoughts\u200a\u2014\u200aparticularly ad hominem<\/a> attacks. I, personally, have experienced this most often when I challenge the mainstream narrative around non-renewable, renewable energy-based technologies and the notion that they can smoothly replace hydrocarbon-based energy and products[12]<\/a>. I would argue, however, that there is overwhelming evidence that this approach is putting us further into overshoot and reducing the natural carrying capacity of our planet especially as a result of the various planetary boundaries we have already or are close to broaching.<\/p>\n

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On top of this human ecological overshoot predicament are the recurring processes of complex society collapse, a phenomenon that has impacted every human complex society to date and that also appear to have been sped up by our exploding growth. I\u2019ve written extensively about such complex society collapse particularly through the lens of archaeologist Joseph Tainter\u2019s thesis elaborated upon in his monograph The Collapse of Complex Societies[13]<\/a>. What\u2019s important to focus upon here and gets us back to Art Berman\u2019s point is the economic nature of \u2018collapse\u2019 within Tainter\u2019s framework.<\/p>\n

Fundamentally, when the \u2018benefits\u2019 of participating in and supporting the sociopolitical system one exists within have for some time been far less than the \u2018costs\u2019 associated with it (and, yes, it can take a long, long time\u200a\u2014\u200adecades to centuries), regions\/communities\/families \u2018abandon\u2019 the behaviours necessary to maintain the system. In one form or another, they \u2018opt out\u2019. As more and more people make this choice, the various complex systems of society are undermined eventually resulting in societal \u2018collapse\u2019. This recurrent \u2018collapse\u2019 process appears to be occurring simultaneously with our human ecological overshoot predicament, creating a double whammy of dilemmas for our species.<\/p>\n

Given the pre\/historical tendency for the masses to abandon support for their sociopolitical system in the face of \u2018costs\u2019 exceeding \u2018benefits\u2019, it seems logical to deduce that the breakdown of energy-averaging systems due to diminishing returns on resource extraction (especially energy) will result in a similar loss of support. Maintaining support (in order to sustain privileges\/revenue\/etc.), even if just passive in nature, is an important consideration for the ruling class and it is increasingly likely (and I would argue we are witnessing this currently) that the ruling class will tighten their grip in order to sustain their privileges for as long as they can.<\/p>\n

\u201cControlling the general population has always been a dominant concern of power and privilege\u2026\u201d
\n-Noam Chomsky<\/p><\/blockquote>\n

All of the above is interconnected, and these two phenomena of ecological overshoot and complex society collapse are impacting our species and planet at the same time, creating nonlinear feedback loops that appear to be speeding us towards some consequences we are ill-prepared for\u200a\u2014\u200ato say little about emergent phenomena and Black Swan events. Uncertainty shrouds the timing and manner in which things will play out. Pre\/historical precedents and bio-ecological principles, however, are strongly indicative that the future will not be one of a smooth transition to some technocornucopian-based utopia\u200a\u2014\u200anot even close.<\/p>\n

I have little doubt that the coming phase shift for our global, industrialised world will be transformative in nature, but probably not in a way most are hoping\/wishing for; particularly for citizens of \u2018advanced\u2019 economies who have \u2018benefitted\u2019 the most from our extractive and exploitive behaviours and actions.<\/p>\n<\/div>\n<\/div>\n<\/section>\n

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[1]<\/strong><\/a> See [NOTE: the following is a sampling of my posted Contemplations that discuss the topic\/issue referenced and not all have been uploaded to my blog or Substack; it is an ongoing project at this time]:
\n-Feeding the Growth Monster: Fiat Currency and Technology (<\/strong>Blog<\/strong><\/a> Medium<\/strong><\/a> Substack<\/strong><\/a>)
\n-Fiat Currency: Debasement and Infinite Growth (<\/strong>Blog<\/strong><\/a> Medium<\/strong><\/a> Substack<\/strong><\/a>)
\n-Fiat Currency, Infinite Growth, Finite Resources: A Recipe For Collapse (<\/strong>Blog<\/strong><\/a> Medium<\/strong><\/a> Substack<\/strong><\/a>)
\n-Greenwashing, Fiat Currency, Narrative Management: More On Climate Change and Elite Confabs (<\/strong>Blog<\/strong><\/a> Medium<\/strong><\/a> Substack<\/strong><\/a>)
\n-Energy Future, Part 1 (<\/strong>Medium<\/strong><\/a>)
\n-Our Banking System: Government vs. Private Control, Part 1 (<\/strong>Medium<\/strong><\/a>)<\/strong><\/p>\n

[2]<\/strong><\/a> See:
\n-Finite Energy, \u2018Renewables\u2019, and the Ruling Elite (<\/strong>Blog<\/strong><\/a> Medium<\/strong><\/a> Substack<\/strong><\/a>)
\n-\u2019Net Zero\u2019 Policies: Propaganda to Support Continued Economic Growth (<\/strong>Blog<\/strong><\/a> Medium<\/strong><\/a> Substack<\/strong><\/a>)
\n-Climate Change And Narratives To Support Continued Economic Growth (<\/strong>Blog<\/strong><\/a> Medium<\/strong><\/a> Substack<\/strong><\/a>)
\n-More Greenwashing: \u2018Sustainable\u2019 Development (<\/strong>Blog<\/strong><\/a> Medium<\/strong><\/a> Substack<\/strong><\/a>)
\n-Are We Being Duped Regarding Climate Change? (<\/strong>Blog<\/strong><\/a> Medium<\/strong><\/a> Substack<\/strong><\/a>)
\n-Beware the Snake Oil Salesmen: Climate Change and Elite Confabs (<\/strong>Blog<\/strong><\/a> Medium<\/strong><\/a> Substack<\/strong><\/a>)<\/strong><\/p>\n

[3]<\/strong><\/a> See:
\n-\u2019Renewables\u2019 and the Overton Window That Ignores Biophysical Realities. June 1. (<\/strong>Blog<\/strong><\/a> Medium<\/strong><\/a> Substack<\/strong><\/a>)
\n-On Narrative Control and \u2018Fact Checking\u2019. December 21. (<\/strong>Blog<\/strong><\/a> Medium<\/strong><\/a> Substack<\/strong><\/a>)
\n-Decline of \u2018Rationality\u2019. January 15. (<\/strong>Blog<\/strong><\/a> Medium<\/strong><\/a> Substack<\/strong><\/a>)
\n-The Road Not Taken. Feb 19. (<\/strong>Blog<\/strong><\/a> Medium<\/strong><\/a> Substack<\/strong><\/a>)
\n-Primary Motivation For Society\u2019s Elite. Mar 6. (<\/strong>Blog<\/strong><\/a> Medium<\/strong><\/a> Substack<\/strong><\/a>)
\n-Carbon Tunnel Vision, Externalised Pollutants, And Story-Telling Apes, April 19. (<\/strong>Medium<\/strong><\/a>)<\/strong><\/p>\n

[4]<\/strong><\/a> See <\/strong>this<\/strong><\/a>, <\/strong>this<\/strong><\/a>, <\/strong>this<\/strong><\/a>, <\/strong>this<\/strong><\/a>, and\/or <\/strong>this<\/strong><\/a>.<\/strong><\/p>\n

[5]<\/strong><\/a> See:
\n-Preparing For Collapse. Apr 4. (<\/strong>Blog<\/strong><\/a> Medium<\/strong><\/a>)
\n-It\u2019s Too Late For Managed Degrowth. November 15. (<\/strong>Medium<\/strong><\/a>)
\n-Local Community Resiliency And Political Systems, April 9. (<\/strong>Medium<\/strong><\/a>)
\n-Local Self-Reliance Is Imperative To Pursue In Light Of Ecological Overshoot May 8. (<\/strong>Medium<\/strong><\/a>)
\n-Only Local Leadership Can Help Communities Now, May 20. (<\/strong>Medium<\/strong><\/a>)
\n-Collapse Now To Avoid The Rush: Our Long Emergency, June 6. (<\/strong>Medium<\/strong><\/a>)<\/strong><\/p>\n

[6]<\/strong><\/a> See:
\n-Who Do Representative Governments Actually Represent? (<\/strong>Blog<\/strong><\/a> Medium<\/strong><\/a> Substack<\/strong><\/a>)
\n-Loss in Trust of Government: A Stage of Collapse (<\/strong>Blog<\/strong><\/a> Medium<\/strong><\/a> Substack<\/strong><\/a>)
\n-Ecological Overshoot and Political Responses (<\/strong>Blog<\/strong><\/a> Medium<\/strong><\/a>) <\/strong>Substack<\/strong><\/a>)
\n-Climate Change \u2018Solutions\u2019: Follow the Money (<\/strong>Blog<\/strong><\/a> Medium<\/strong><\/a> Substack<\/strong><\/a>)
\n-Faith in Government: A Misplaced Belief (<\/strong>Blog<\/strong><\/a> Medium<\/strong><\/a>)
\n-Democracy: It\u2019s Not What You Think It Is (<\/strong>Medium<\/strong><\/a>)<\/strong><\/p>\n

[7]<\/strong><\/a> See:
\n-Mythical Narratives Everywhere to Avoid Reality (<\/strong>Blog<\/strong><\/a> Medium<\/strong><\/a> Substack<\/strong><\/a>)
\n-Finite Energy, Overconsumption, and Magical Thinking Through Denial (<\/strong>Blog<\/strong><\/a> Medium<\/strong><\/a> Substack<\/strong><\/a>)
\n-Cognition and Belief Systems in a \u2018Collapsing\u2019 World: Part One (<\/strong>Blog<\/strong><\/a> Medium<\/strong><\/a>)
\n-Magical Thinking to Help Avoid Anxiety-Provoking Thoughts (<\/strong>Medium<\/strong><\/a>)
\n-Magical Thinking About the Energy Transition (<\/strong>Medium<\/strong><\/a>)
\n-Reality is an Inconvenience to Beliefs (<\/strong>Blog<\/strong><\/a> Medium<\/strong><\/a>)<\/strong><\/p>\n

[8]<\/strong><\/a> See:<\/strong><\/p>\n

-\u2019Renewables\u2019, Electrify Everything and Marketing Propaganda (<\/strong>Blog<\/strong><\/a> Medium<\/strong><\/a> Substack<\/strong><\/a>)
\n-Degrowth, Green Growth, And The Ruling Caste of Society. (<\/strong>Medium<\/strong><\/a>)
\n-Leveraging Non-Renewable, Renewable Energy-Harvesting Technologies To Expand Wealth-Extraction\/-Generation. (<\/strong>Medium<\/strong><\/a>)
\n-Ruling Caste Responses to Societal Breakdown\/Decline. (<\/strong>Medium<\/strong><\/a>)
\n-Ruling Elite Rackets Everywhere\u2026 (<\/strong>Blog<\/strong><\/a> Medium<\/strong><\/a>)
\n-Rackets: Keeping the Curtains on Reality Drawn (<\/strong>Blog<\/strong><\/a> Medium<\/strong><\/a>)<\/strong><\/p>\n

[9]<\/strong><\/a> See:
\n-Electrify Everything: The Wrong \u2018Solution\u2019 (<\/strong>Blog<\/strong><\/a> Medium<\/strong><\/a> Substack<\/strong><\/a>)
\n-Electrify Everything: Neither \u2018Green\u2019 Nor \u2018Sustainable\u2019 (<\/strong>Blog<\/strong><\/a> Medium<\/strong><\/a> Substack<\/strong><\/a>)
\n-Growth Greenwashing: A Comforting Narrative. (<\/strong>Blog<\/strong><\/a> Medium<\/strong><\/a> Substack<\/strong><\/a>)
\n-Climate Emergency Action Plan: Electrification and Magical Thinking. (<\/strong>Blog<\/strong><\/a> Medium<\/strong><\/a> Substack<\/strong><\/a>)
\n-The Growth Ponzi Must Be Kept Alive (<\/strong>Medium<\/strong><\/a>)
\n-We\u2019re In A Predicament But Insist On Making It Worse (<\/strong>Medium<\/strong><\/a>)<\/strong><\/p>\n

[10]<\/strong><\/a> See:
\n-Grieving: There Are No \u2018Solutions\u2019 to Overshoot. (<\/strong>Blog<\/strong><\/a> Medium<\/strong><\/a> Substack<\/strong><\/a>)
\n-\u2019Clean\u2019 Energy and the Stages of Grieving. (<\/strong>Blog<\/strong><\/a> Medium<\/strong><\/a> Substack<\/strong><\/a>)
\n-Sometimes People Don\u2019t Want to Hear the Truth. (<\/strong>Blog<\/strong><\/a> Medium<\/strong><\/a>)
\n-Overshoot, Hydrocarbon Energy, and Denial: Avoiding the Pain. (<\/strong>Blog<\/strong><\/a> Medium<\/strong><\/a>)
\n-Growth and Denial: A Bad Combination. (<\/strong>Blog<\/strong><\/a> Medium<\/strong><\/a>)
\n-Avoiding \u2018Collapse\u2019 Awareness. (<\/strong>Blog<\/strong><\/a> Medium<\/strong><\/a>)<\/strong><\/p>\n

[11]<\/strong><\/a> See:
\n-Infinite Growth, Finite Planet; What Could Possibly Go Wrong? (<\/strong>Blog<\/strong><\/a> Medium<\/strong><\/a> Substack<\/strong><\/a>)
\n-Fossil Fuels: Contributing to Complexity and Overshoot. (<\/strong>Blog<\/strong><\/a> Medium<\/strong><\/a> Substack<\/strong><\/a>)
\n-Ecological Overshoot, Hydrocarbon Energy, and Biophysical Reality. (<\/strong>Blog<\/strong><\/a> Medium<\/strong><\/a> Substack<\/strong><\/a>)
\n-Overlooking Ecological Overshoot. (<\/strong>Blog<\/strong><\/a> Medium<\/strong><\/a> Substack<\/strong><\/a>)
\n-Exponential Growth, Natural Carrying Capacity, and Ecological Overshoot. (<\/strong>Blog<\/strong><\/a> Medium<\/strong><\/a> Substack<\/strong><\/a>)
\n-The \u2018Predicament\u2019 of Ecological Overshoot. (<\/strong>Blog<\/strong><\/a> Medium<\/strong><\/a> Substack<\/strong><\/a>)<\/strong><\/p>\n

[12]<\/strong><\/a> See:
\n-Criticising \u2018Renewables\u2019 is Not a Sin. (<\/strong>Blog<\/strong><\/a> Medium<\/strong><\/a> Substack<\/strong><\/a>)
\n-\u2019Renewables\u2019 Are The Solution: Just Ignore All That Ecological Systems Destruction Over There. (<\/strong>Medium<\/strong><\/a>)
\n-Enough Already You Malthusian Doomer! (<\/strong>Medium<\/strong><\/a>)
\n-Non-Renewable, Renewable Energy-Harvesting Technologies (NRREHTs): For and Against\u2026Again. (<\/strong>Medium<\/strong><\/a>)
\n-Critiquing Renewables Is Simply A Right-Wing Conspiracy. (<\/strong>Medium<\/strong><\/a>)<\/strong><\/p>\n

[13]<\/strong><\/a> See:
\n-Energy-Averaging Systems and Complexity\u200a\u2014\u200aA Recipe For Collapse. (<\/strong>Blog<\/strong><\/a> Medium<\/strong><\/a> Substack<\/strong><\/a>)
\n-Declining Returns, Societal Surpluses, and Collapse. (<\/strong>Medium<\/strong><\/a>)
\n-What Do Previous Experiments In Societal Complexity Suggest About \u2018Managing\u2019 Our Future. (<\/strong>Medium<\/strong><\/a>)
\n-Societal \u2018Collapse\u2019: Past is Prologue. (<\/strong>Blog<\/strong><\/a> Medium<\/strong><\/a>)<\/strong><\/p>\n<\/div>\n<\/div>\n<\/section>\n","protected":false},"excerpt":{"rendered":"

Today\u2019s Contemplation: Collapse Cometh\u00a0CLXXV Teotihuacan, Mexico (1988). Photo by\u00a0author. Energy and Its Interconnections With Our Financialised Economic System Petroleum geologist Art Berman recently posted an article discussing an issue regarding the mainstream energy transition narrative that I wanted to highlight. This is the connection between our monetary\/financial\/economic systems and energy, something that as Art argues […]<\/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":[2,3,4,5,6,7],"tags":[150,22093,5809,30370,33947],"class_list":["post-66745","post","type-post","status-publish","format-standard","hentry","category-economics","category-energy-2","category-environment","category-geopolitics","category-liberty","category-survival-2","tag-collapse","tag-ecological-overshoot","tag-financialisation","tag-todays-contemplation","tag-todays-contemplation-collapse-cometh"],"_links":{"self":[{"href":"https:\/\/olduvai.ca\/index.php?rest_route=\/wp\/v2\/posts\/66745","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=66745"}],"version-history":[{"count":1,"href":"https:\/\/olduvai.ca\/index.php?rest_route=\/wp\/v2\/posts\/66745\/revisions"}],"predecessor-version":[{"id":66746,"href":"https:\/\/olduvai.ca\/index.php?rest_route=\/wp\/v2\/posts\/66745\/revisions\/66746"}],"wp:attachment":[{"href":"https:\/\/olduvai.ca\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=66745"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/olduvai.ca\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=66745"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/olduvai.ca\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=66745"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}