Labor Day Assessment, by James Howard Kunstler

Big changes are coming and on the other side will be big alterations in lifestyle and probably a much reduced standard of living. From James Howard Kunstler at kunstler.com:

There will be a Great Re-set, of course, but it’s not exactly the one that Western Civ is blabbering about — a mere shuffling of political and financial protocols. It’s happening with or without “Joe Biden,” the EU, and der Hoch Schwabenklaus, though the aggregate stupidity they represent is surely making the entry process worse. The Great Re-set is what happens when the business model goes bust for powering the world with oil and other fossil fuels — even if there is quite a bit of all that stuff left in the ground. Years ago, I called it The Long Emergency.

Everything emanates off of that, including the astonishing bouts of mischief made in attempts to work around it, assign the blame for it, grub money off it, and shift the effects of it from one group of people or one region of the world to another. Steve St. Angelo says it neatly: “Energy drives the economy; finance steers it.” That’s so. When the oil business model broke in 2008, industrial society lost its mojo and, after that, finance steered it into a ditch.

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