Last Birthday? Why America is Failing
Sunday, July 6th, 2008
Timothy Wilken
writes: When America was founded in 1776, the North American continent
provided relatively unlimited resources. The early colonists were in
the right place at the right time. The right place was the nearly empty
continent of North America. Millions of acres of arable land and
forests, filled with abundant water in millions of steams, rivers, and
lakes and stocked with uncountable numbers of wildlife.
This was
further enriched with enormous reserves of iron, coal, copper,
aluminum, zinc, lead, gold, silver, oil, and much more — all available
for the taking. …
However, today things have changed. The world is getting full. In 1776, there were less than a
billion humans on the planet, today there are nearly 7 billion. We humans no longer
have a limitless abundance of natural resources available for the
taking — not even those of us living on the North American continent. Our world of plenty is being reduced to a world of scarcity.
In
fact, petroleum production peaked in America in 1971. The world peak of petroleum production is
estimated to have occurred sometime in 2005 to 2007. …
In the 18th
century, Capitalism was a major advance for humankind. The capitalist
system gave individuals opportunities for great economic success. The
birth of free market economics greatly enriched the human condition.
Capitalism is a form of Neutral organization which is much more powerful than adversary organization.
Neutrality did work well in the free world for many of the humans who
inhabited in the past two hundred years. But capitalism requires unlimited resources. When resources get scarce, growth stops. Capitalism stops working. (07/06/08)
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