Temporary Recession or the End of Growth?

Everyone agrees: our economy is sick. The inescapable symptoms include declines in consumer spending and consumer confidence, together with a contraction of international trade and available credit. Add a collapse in real estate values and carnage in the automotive and airline industries and the picture looks grim indeed.

Review and application of SSI study, “Known Unknowns: Unconventional Strategic Shocks in Defense Strategy Development”

The Strategic Studies Institute (SSI) at the US Army War College has issued many stimulating research papers in recent years, several of which deal with energy security issues. Nathan Freier’s recent SSI paper (which we will examine here) does not focus on energy issues. Rather, the central purpose of his study is to present a paradigm for the examination of potential strategic shocks.

The Economics of Entropy

The least popular of the laws of physics, the second law of thermodynamics — better known as the law of entropy — is also the key to understanding the problems with modern economics. There’s an inevitable mismatch between the production of goods and services, which are subject to entropy, and the production of money through interest, which in theory drives infinite growth — but this mismatch is resolved in an unexpected way.

The Sixth Extinction

Today I talk about my “favorite” disaster, called The Sixth Extinction. Even in the age of politically correct environmentalism, most people could care less about the Earth’s plant & animal species unless their decline bears directly and immediately on their own welfare. Accordingly, I will talk about some clear-cut examples where the health of the natural world adversely affects our future survival.