Pete Vincent wrote:
> Universal austerity will be visited
> upon us for our past sins of profligacy. It is probable that the
> current level of affluence will not be seen again for perhaps two
> centuries, in a very different world.

"Et tu, Brutus?"
Sounds like this list has to be renamed to "Doomwork"...


> The best we can hope for is that the slide will be ridden with
> dignity, grace, tolerance and cooperation. Not an unreasonable
> expectation, as this situation will be an opportunity for people
> to bring forward all their best qualities to meet the challenges
> ahead.

Yeah, like in those concentration-camp stories where the most decent
inmates give away their last bread to the others and starve...

Wouldn't it be long past due time now for the billionaires "to bring
forward all their best qualities to meet the challenges ahead", such as
seriously investing in green tech (and spreading the existing green tech
instead of pushing SUVs, coal powerplants and most-polluting sweatshops),
instead of further ripping off the world so that there's "no money" to
develop green tech even in those economies who were best in that branch?

But no, the "expert" here who admits he doesn't have a better scenario,
at least is dead sure that billionaires are not to blame for anything.
(No wonder he doesn't have a better scenario.)

Chris




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