Black Hawk’s 11 Percent Solution | Albert Bates on Patreon

Last week I left you with the usual litany of advice/warning/prognostications that one who travels these familiar circles reads all the time. As such, my rantings only serve the cause of confirmation bias, or perhaps a normalization process, but can’t really alter anyone’s thinking. I reiterated, among other things,

• Growth, whether of material “wealth” or population, cannot be sustained and some serious degrowth is overdue. You can get as much from looking at the Baltic Exchange Dry Index or the Dow.

• If production cannot be decoupled from quality of life then we are chasing a paradox because we live on a finite planet of limited resources.
• There is good news in that at least some of our problems can be addressed by reversing climate change and building ecosystem health through a multitude of natural, antifragile and frugal means.
• However, none of these things are being done at any significant scale, and that scaling seems dangerously far off.
• We are poised at the edge of the Seneca Cliff and will need to find a better way down than leaping without a parachute.