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.
I see a set of constraints facing us in the future, and they’re all going to be very expensive. First is funding retirements for the Baby Boom generation. Second is continuing increases in the costs of healthcare. The third is replacing decaying infrastructure. The fourth is adapting to climate change and repairing environmental damage. The fifth is developing new sources of energy. The sixth is what I see as in all likelihood continuing high military costs. The seventh is the costs of innovation.