An economics addition to The Transition Handbook

Since the first edition of the Transition Handbook was published, huge and far-reaching changes have begun unfolding in the world economy. For many, they are seen as the outcome of the end of the age of cheap oil … What are the assumptions we have made thus far about the economy. Do they still hold after the events of recent months? Did they ever actually make sense in the first place?

You’ve bought your last car

Actually, you’ve probably bought the last of a lot of things, but I remember being struck when I first heard James Howard Kunstler say, “Most Americans have bought their last car.” So I’m going to use the example of cars to demonstrate why that is and why we won’t get off of fossil fuel in time.