Here’s a statement from the American Meteorological Society:
In the end, is the most meaningful standard of living measure. Declining total available energy and declining EROI contribute to a declining energy surplus. Most people have some understanding of hunger, and if they have experienced blackouts, brownouts, or gas shortages, they have keenly felt the loss of energy. But the decline of industrial civilization has many other signs that comfortable Westerners can have difficulty grasping, and the following examples are intended to make it clearer.
Chemtrails being sprayed above the cloud cover
Mass extinction events may be the result of multiple ecosystem stresses that reach the level where the ecosystem unravels. Other than the meteor impact that destroyed the dinosaurs, the rest of the mass extinctions seem to have multiple contributing causes, and each one ultimately had an energy impact on life processes. The processes can be complex and scientists are only beginning to understand them. This essay will survey mass extinction events and their aftermaths in some detail, as they were critical junctures in the journey of life on Earth.
Economics is the study of humanity’s material well-being, but humans have rarely thought past their immediate economic self-interest, even when the long-term prospects were obviously suicidal, such as today’s global energy paradigm. Because environmental issues affect humanity’s material well-being, they are economic in nature. As can be seen so far in this essay, there was little awareness or seeming caring in early civilizations whether they were destroying the very foundations of their civilizations. Even if they did not care how much other life forms suffered, they did not seem to realize that it also meant that those oppressed and exterminated organisms and wrecked environments would not provide much benefit to humanity in the future, especially energy, whether it was food or wood.
“” The Huffington Post By Nick Visser | Posted: 07/25/13
But Europe received a “boost” by exploiting humanity and Earth, and key trends emerged that may see the West begin to repay its debt. One trend appearing with the Industrial Revolution is called the . , and as industrialization progressed, several changes happened, which included:
“” By GARY PEACH Associated Press October 1, 2013
The USA finished off humanity’s greatest war by dropping history’s most destructive weapons on cities, and then . In the wake of dropping nuclear weapons on women and children, the USA had unprecedented global hegemony, controlled both sides of both major oceans, and possessed half of the world’s wealth and industrial capacity. Then began the , which was an era of economic prosperity never seen before or since, and I had the good fortune to be born in the midst of it. Above all else, it was an economic event born of cheap energy and has been called the Golden Age of American Capitalism. When energy ceased being cheap in the 1970s, the boom ended and the long decline set in, not just for the USA, but the world in general, which is the next chapter's subject.
– Climate Change 2013: The Physical Science Basis; 27 September 2013
With that separation from physical reality, speculation frenzies have been major aspects of how stock markets operate. The first bout of market insanity was the . The slave-trade frenzy that fortune was less than a century later and was a stock speculation issue. The , in which greed and fear prevailed. The USA has devolved into the serial bubble economy as its empire has declined, and until the crises of the early 21st century, the USA’s previous market mania was in the 1920s. Back then, companies with nothing more than “” behind them sold stock to the public. It was essentially no different from the that . Those orgies of greed were usually associated with some new product, market, or a financial sleight of hand to finance them. The 1920s bubble was sandwiched between World War I and its sequel, and a . , and there was even a , backed by leading industrialists and politicians who tried to entice into becoming their front man.
I followed the money and found one possibility:
Going back to the beginnings of the to how the to the , what Marx called separating the workers from the means of production had to be performed first so that the ownership class could form. With the workers put in their place, then the “owners” could create instruments of ownership and trade them. Thus began stock markets. Similar to how , when stock markets formed, owners became divorced from operations. In corporate America, for instance, there are theoretical governance mechanisms such as boards of directors and company officers that answer to the shareholders, but the relationship is often more theoretical than actual, and “cooking the books” to make management look good and inflate the stock price is as old as corporations. Dealing with that aspect of corporations is largely what I do to make a living. I have lived through several major financial scandals in my career, and they .