In a book that I wrote in 2011, on page one I said that unless the insecurities, and the fears, and the aspirations of the precariat were addressed as a matter of urgency, we would see the emergence of a political monster. You will not be surprised that in November 2016 I received a lot of emails from around the world from people who said, “The monster has arrived.”
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We’re in an era of overlapping crises, and I think that’s what makes it sort of unique. We’re aware of the financial aspect, which is sort of exponential increase in debt. We’re also aware that energy, the cost is going up because we’re reaching to deeper and more expensive reserves of energy, at least fossil fuels. So that’s another if not crisis then um… Well, actually it is a crisis, because the world we’ve constructed is based on cheap fossil fuels.
Blockchain is in that space where we still have to explain it, because most of the people have gone from not having it around to having it around. But for kind of the folks that are your age or a little younger it’s kind of always been there, at which point it doesn’t really need to be explained. It does however need to be contextualized.
Neoliberalism is broken. The economic model of the last thirty years. It worked for a bit, dragged the bottom two thirds of the world’s population up the income scale dramatically, facilitated the tech revolution. But it’s stopped working.
Solar geoengineering rests on a simple idea that it is technically possible to make the Earth a little more reflective so that it absorbs a little less sunlight, which would partly counteract some of the risks that come from accumulating carbon dioxide in the atmosphere. When I say technically possible, it appears that at least doing this in a crude way is actually easy, in the sense that it could be done with commercial off-the-shelf technologies now, and it could be done at a cost that is really trivial, sort of a part in a thousand or a part in ten thousand of global GDP.
The next President is probably going to have to deal with some very difficult economic times. The housing market is starting to look like a bubble. There’s a possibility of that bubble bursting. We’ve been there before.