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U.S. Economy, Bottom of the Ninth and Way Behind:

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Message Mike Folkerth

And so went America right up until today. Rather than realize the life of leisure that was promised in the 1950s, Americans now put in more hours at work than any place on earth. We have now reached the enviable position of the maximum possible production and debt load of a human being. How fun.

 

It’s difficult to get our minds around some common realities after being taught differently for a couple of hundred years, but trust me, M. King Hubbert knew of what he spoke when he said that a non-catastrophic solution was impossible unless society is made stable.

Mr. Hubbert went on to say that this means abandoning two axioms of our culture…the work ethic and the idea that growth is the normal state of affairs. Dr. Hubbert challenged the fixation on exponential growth of the past two centuries mathematically (and could that guy do math or what?) as being the opposite of the normal situation.

 

As a whole, I don’t believe that our society will educate themselves to the realities of resource depletion or the consequences of pursuing growth in a finite world until far too late. Or even that there is a better and simpler life available to them here and now. All it takes is thought and action. There is currently no law against common sense.

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Mike Folkerth is the author of "The Biggest Lie Ever Believed" and is not your run-of-the-mill author of finance and economics. The former real estate broker, developer, private real estate fund manager, auctioneer, Alaskan bush pilot, (more...)
 
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