These risks post a serious threat to growth, through price shocks and inflation. Their political consequences could be more serious still, with some tempted to see a zero sum competition for resources between consumers and between nations. That would be an historic mistake, triggering a spiral away from the cooperation based on agreed rules that is vital for a globally exposed economy like our own, towards a much more dangerous world of fragmentation, competition and greatly enhanced risks of conflict.Previously (In the same quote, yet.):
...We have left behind an era in which energy, food, water, and other resources have been relatively cheap and plentiful. Rising demand is carrying us into an age of higher and more volatile prices for energy, food and raw materials.How in hell could anyone vaguely aware of humanity & its sordid history think this facade of "cooperation based on agreed rules that is vital for a globally exposed economy" (Here we are figuratively bent over double laughing or vomiting; hard to tell which.) would continue after necessities become, if not actually scarcer, more expensive? Especially as it is the agreed rules (We've no memory of agreeing to any such rules, by the way.) that allow & encourage rampant speculation, rent-seeking & all the other terminally boring & said-so-many times already (No, the species never learns.) yada/greed that leads to environmental conditions detrimental to human (Mammalian, even?) survival.
Plus: The guy who pulled the quote believes it would be swell if only Republicans could "tell it like it is."
Imagine if we lived in a world where a US Republican Secretary of State could take to the op-ed pages, as UK Foreign Minister and conservative William Hague just has, to tell it like it is.Where "Telling it like it is" = "Business & profit as usual/Preserve the status quo."
Uh-oh. Played right into their hands. Keeping the younger among us from boiling to death in their own puddles of waste is just a plot to destroy capitalism & its "rules," & to make everyone live in mud huts, because who doesn't like camping, we guess.
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