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The Conversation #59 – Charles Hugh Smith

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.

The Conversation #19 — Joseph Tainter

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.