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This entry was posted on Thursday, March 20th, 2008 at 12:38 PM and filed under Articles, Economics. Follow comments here with the RSS 2.0 feed. Skip to the end and leave a response. Trackbacks are closed.

2 Responses to “AlterNet: Triple Shock Strikes the Global Economy”

1. ben stagg said:

   This starts of to be a scary peice with phrases like, ” the unique American engine is exhausted”, but it ends up on a hugely positive note, which is not what you expect from Alternet. It is worth quoting the closing lines: “The three shocks create uncertainty in the short term. Over the longer term, they will prove not to have been solely negative, and should give birth to a new economy with multi-polar growth, strong research and development in energy and agriculture, wiser finance. But the process of giving birth is always agonizing.”
   This sort of assumes that with a bit of adjustment, things will be all right with the world. I hate to be the party-pooper, but there is not enough ‘stuff’ around to keep us all happy and there is going to be a lot less ‘stuff’ in the future.
   By the time China and the rest have finished their expansion, there will be nothing left to maintain it.

   Posted on 21-Mar-08 at 3:51 am | Permalink
2. Michael Butler said:

   Ben hits it on the button. There is not enough “stuff” around. Population growth is the greatest threat.

   Posted on 22-Mar-08 at 6:22 am | Permalink