How, Financially, We’re Fucked

Debts that can’t be paid, won’t be paid

William Burroughs described his book Naked Lunch saying “The title means exactly what the words say: naked lunch, a frozen moment when everyone sees what is on the end of every fork” We are reaching such a financial moment very soon. Historically speaking, right now. (image via)

As I discussed in How, Precisely, We’re Fucked, capitalist civilization is simply running into physics like a brick wall. Capitalism is also running into math, which is even more impenetrable. You cannot keep growing forever on a finite planet and you cannot decouple growth from energy. Something’s got to give and it’s not going to be math…