I think the market meltdown is beginning to illustrate my point about this being an unsustainable economic model.
Yes the "car" was being driven badly by Bush running 2 wars, and America having to import oil and most consumer goods didn't help their account deficit. However, what I'm talking about is the economic model being destined to fail.
The "Car" isn't just being driven badly, it has a fundamental design flaw and
will crash. There are no "brakes" —*the economy has to go forward until it crashes into the ecological life support and resource limits of this planet. And every indication says it will happen in the next 20 years, starting with oil, then with runaway global warming, peak metals, etc.
Why oh why isn't there a sustainability index to GDP growth? When are we going to hear the phrase, "Oh no, the American economy grew at 2% last year, and we will have to adjust this by XYZ strategy to get back to last July's sustainable consumption index".
I heartily recommend Dr Chris Martenson's "Crash course" for anyone concerned about why the economy is so close to collapse. He is also going to release a "Creative Commons" DVD of his "Crash course" which will be copyable. The worst is yet to come!
The Crash Course | Chris Martenson
