Is it possible that the world is approaching end times?
Thanks to Starfire for recommending this article... Is it possible that the world is approaching end times? Gail Tverberg I frequently write that the world economy is, in physics terms, a dissipative structure that is powered by energy. It can grow for a time, but eventually it reaches limits of many kinds. Ultimately, it can be expected to stop growing and collapse. It seems to me that the world economy is showing signs that it has reached a turning point. Economic growth stopped in 2020 and is having trouble restarting in 2021. Fossil fuel energy of all types (oil, coal and natural gas) is in short supply , relative to the world’s huge population. Ultimately, this inadequate energy supply can be expected to pull the world economy toward collapse. The world economy doesn’t behave the way most people would expect. Standard modeling approaches miss the point that economies require adequate supplies of energy products of the right kinds, provided at the right times of day and...