Sublime

One would be a global supply shock in energy, food, and other commodities, which would show up in shrinking real income for most households. Another would be a new pandemic, or an abrupt sanctions-driven de-globalization (accelerating a trend already initiated by the sanctions against Russia), or a crippling cyberattack on U.S. infrastructure, or a

two conjoined fundamental attributes and legacies of the era: the increase of energy consumption, and mechanized mass production and the delivery of new services.

The technological and political context has changed in important ways too. Globalization has had destabilizing effects, ranging from climate change to the spread of technology into far more hands than ever before, including a…

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Chernow, Ron. Titan: The Life of John D. Rockefeller, Sr. New York: Random House, 1998.

In the middle was John Paulson. At the top was Steve Eisman.

In the early 1970s, American ecologist Howard Odum explained how “all progress is due to special power subsidies, and progress evaporates whenever and wherever they are removed.”22 And, more recently, physicist Robert Ayres has repeatedly stressed in his writings the central notion of energy in all economies: “the economic system is essentially a s

First, I address the most fundamental future shift in the global economy.

It hardly mattered that he was a pathological tyrant, that he had the blood of mass murders on his hands, or that his mannerisms and brutal actions conjured images of Adolph Hitler. The United States had tolerated and even supported such men many times before. We would be happy to offer him U.S. government securities in exchange for petrodollars, f