richard lyon
 

Posted December 2, 2009.

Kunstler tells it like it is:

The real estate bubble burst because Globalization itself has started to tremble and creak like so much old infrastructure that surrounds us. Basically, unfettered capitalism that is Globalization has hit absolute limits and growth cannot continue under any circumstances. As they say, the party’s over. What are these limits you ask? Basically they are set by the laws of thermodynamics. We industrialized humans are sitting on this planet of finite size running a global economy primarily on a fossil energy source that is not replenishable on any time scale we can imagine.

I love his posts.