In this week's Off the Cuff podcast, Chris and Charles Hugh Smith discuss:
- Why It's Still All About Net Energy Flows
- Don't be misguided by today's low oil prices
- Anti-fragility & The Singularity
- Why the siren song of new technology is so dangerous
- The Limits Of Financial Markets
- They can't price long-term risk well
- The Value Of Culture
- Sets priorities the market doesn't/can't
A great discussion this week that focuses on the inherent shortcomings of the systems the status quo is most dependent on. We have optimized for an ever-expanding supply of credit and net energy — neither of which is sustainable, and both of which are faltering, perhaps approaching (or past!) the records peaks we'll see in our lifetimes.
Despite this reality, society isn't having adult conversations about them. Why not? Several reasons, including our culture's habit of ignoring the hard truths and adoring the easy fantasies. Of course, the risk we run — a case in point is the happy techno-promises of the Kurtzweil's of the world — is in squandering the time we have now, when rather we should be using these precious years to prepare for the coming changes to our standard of living if they indeed arrive (as we here at Peak Prosperity forecast they will).
by jennifersam07 
