Every year or two, for as far back as I can remember clearly, which is 40+ years, authors (mostly more or less conservative in POV) have been foretelling the imminent collapse of the economic system, usually blaming it on debt.
Since this hasn’t happened, we are well into the end stage of the “Boy Who Cried Wolf” storyline.
But people generally don’t get the real point of that story. It’s not that the townspeople didn’t come to the assistance of the shepherd when he really needed them.
It’s that THERE REALLY WERE WOLVES. And when they finally showed up, the people weren’t ready for them and lost all their flocks.
For the first time, I’m wondering if the wolves may just be coming over the horizon today.
I strongly suspect that if we avoid a wolf attack this time around, it will only encourage and accelerate the behavior that makes their eventual arrival inevitable. Kick the can down the road a few more years.
Was it John Maynard Keynes who said, in the long run there is no agriculture problem? In the long run my kids and grandchildren are going to see a world of wonders as technology continues to reinvent itself in shorter and shorter cycles. The problem is getting from here to there.
