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Kavi's avatar

Beautifully written, Rachel. Deeply grateful for your voice in these times.

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Mark Bevis's avatar

"This is why, despite the economies of the global north recovering since the financial crash of 2008, people’s lives are getting worse: the money is rushing to the top, not the bottom. "

In addition, declining EROEI is in effect reducing the value of what money there is at the bottom. With a world average EROEI now down to 6:1, we are but one step away from a pre-1750 agrarian civilisation, except that we haven't the right infrastructure (eg lots of draught horses) for that.

Thus the reason the NHS is collapsing, potholes are increasing, teenagers getting cancer regularly, is not just Tory perfidity and neo-liberal narcissist ideology, but the increasing cost of energy used to extract and produce the energy we do use.

And you know nothing will be done about it. To quote John Kenneth Galbraith:

“People of privilege will always risk their complete destruction rather than surrender any material portion of their privilege.”

So even if your privilege only extends to an 80" TV, Universal Credit and feral children with scrambler bikes, you will defend that to ruin rather than choose to accept a lower standard of living now, that is going to be imposed on you anyway at a later point.

2026 will be an interesting year. The world's economy will collapse (they occur every 18 years), coinciding with warming reaching +2*C above the 1850 baseline. Though this time the banks may too big to save, with world debt now bigger than world GDP.

Welcome to hell indeed.

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