The Crash Course - Chapter 22 - Energy and the Economy
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Why society will be forced to become less complex In the past few chapters on Energy Economics, Peak Cheap Oil, and the false promise of Shale Oil, we've gone into great detail to show how our economic growth is deeply dependent on our energy systems. Here’s how it all sums up. There are some knowns: We know that energy is required for both growth and complexity. We know that surplus energy is shrinking. We know that the age of cheap oil is over. And we know that because of this oil costs will consume an ever-greater proportion of our total budget. And with these known facts, come along specific risks. There is the risk that our exponential money system will cease to operate in a world of declining energy surplus. It is designed for a world without limits – a world of endless growth. And there is the risk that our society will be forced to become less complex - a loaded statement if ever there was one. Each one of these known facts adds to each one of the stated risks and that is what The Crash Course is about: assessing those risks and deciding what, if anything, a prudent adult should do about adapting to these realities and facing these risks. Putting these together, the predictions in video below become so easy to make they don't feel like predictions at all; just inevitable facts.
Comments
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How do you know for sure that we live on the outside of a ball?
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well, this video is not valid any longer. Oil price is heading to be extremely cheap at the moment.
we saw a price level of $27 per barrel in the begging of 2016. -
Dilithium is our only hope.
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One simply has no choice but to conclude that our technological civilization is the biggest bubble of all. When it pops, we're back to the Iron Age—permanently.
A post-oil world could probably only support two billion people at most, as it was in the past, and most labor would be forced to return to agriculture. -
WHAT do you say to people like Peter H. Diamandis and his book: Abundance - The Future Is Better Than You Think.
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Great work, thanks for sharing. Much of this surplus cheap energy goes into the Wars and burokracies. Even currently we spend 10fosil callories to grow 1 food callories I am sure it is possible to do with less fossil, example more local diet, more population involved in the agriculture. I agree with the conclusion of change and that it wont be that dramatic. Population can keep growing or decline or remain stable trough this change.
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Thorium..........the best kept energy secret
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Please do a video on hydrogen fuel cell technology.
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Thorium is the only thing that can save us from this impending collapse in per capita energy usage
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We do have a real world model on a post oil economy, Cuba. Population Density 100.7/km2. Life expectancy 78.0 years U.S is 78.75 years. They had an oil crash since they lost all supplies. We are suffering a decline in oil supplies rather than an outright crash, We should be able to work our way though this problem since we have much more time. Just a thought as I'm not pondering moving to Cuba, but they may have some ideas on how to work through this dilemma.
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You are correct, but there's one hope for this growth pattern. Nuclear Fusion. Maybe though... humanity needs to learn about the natural limits to growth before it ties to go after more "limitless growth" though. We'd probably use up all resources we could fuse together before we even see any real gain of our endeavors.
Modern economists define humans as those with limited needs and unlimited wants. This is technically untrue. All the human brain really wants is dopamine. If you literally hook a human up to a system such as "The Matrix", a system which provides for all of their biological needs, and entraps the mind in a virtual mental playground, people will no longer lust for such unsustainable luxuries such as mansions, and private jets. Instead they will be able to fulfill their wants using our almost endless processing ability in a virtual world. The internet on steroids... it's already happening, and we should let it happen. The human being needs very little resources to survive. It's all of the extra crap that we don't need is what is creating this bubble in the first place/ like a nuclear arms race. We could house trillions of humans beings on the planet Earth technically, but only if their mind spends the majority of its time in the virtual world where it can't fuck things up in the real world. If you take a hard look at Moore's Law and assume it can continue with Optical Computing, then the best thing for humanity might be to allow Artificial Intelligence take over the real world, spread our seed throughout space/time, and let humanity reside in the virtual world for the rest of eternity. Scary, but when I look at the checklist, I see this already happening. Now that people are earning "less" at their jobs, (working less hours as well), we are required to entertain ourselves on a smaller budget, so we turn to mobile phones, computers, and video games. Per dollar, they provide an extraordinary amount of entertainment, social, and intellectual value. -
Another informative video, Chris, thank you. I would, however, disagree on one point. You state that no real investigation has been undertaken to explore the means to reduce world population; many globalist organizations have done such studies for years and these reports or "white papers", while obscure, can be found.
Just as you imply the correlation" with the contemporary debt economy and the rise of energy surplus being no coincidence so too, the think tanks funded by the progenitors of the fiat system have studied the decline as well. Eugenics has been espoused by many of the "financial and world leaders". Most of us know of the Duke of Edinburgh and his wish to reincarnate as a deadly virus to decrease the population. That sort of thing.
Regards.
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