Hillmarsh
A lot of people will probably doubt this when living in the middle of the bubble. But it has happened elsewhere already. China’s RE bubble has melted down spectacularly and their economy is still deflating despite massive government stimulus. I imagine this will be the fate of the American Everything Bubble too, albeit we can’t know when it will happen. The last deflationary episode around 2014 coincided with the meltdown in the American shale oil industry, which as we well know is going to happen again with the decline of the Permian - maybe this will start the bubble bursting.
Low IQ people can’t comprehend the science, but they are easy prey for demagogues who point out that the elites who tout climate change have no desire to limit their consumption or in any way live as if they believe climate change is real. Thus, they (the mob) come to believe they’re simply being lied to and climate change is a “hoax”. This is partly an elite problem because they’re not willing to lead in the only way that might actually work, which is by example.
God I hate Amazon now. They’re basically Wal-Mart these days with half the results being sponsored (advertisements) - and you see that even if you pay for Prime. There are some things you can only get there, but otherwise, since all e-commerce is converging, I don’t see the point of enabling their bad behavior. But whichever global corporate enterprise you take your business to, they will likely have a similar mindset.
It’s underappreciated how much of a story this is. This is happening in wide swathes of the USA. Big chunks of the West are abandoned, because of wildfires, earthquakes, etc and all along the Gulf Coast as well, including big chunks of Florida (which tons of people have moved to in recent years).
You may be right. I keep assuming that Western politicians are smart people who are playing dumb for the public so that they can keep their grifts going. But they may not be playing in many cases. That might explain the rather sluggish response to what looks like a very serious crisis unfolding over the next 1-3 decades.
What I don’t understand in our current situation is the lying. We’re not attempting to transition to green energy because we have a choice, because it’s better for the environment, or any of this. We’re doing it because there aren’t too many other options now that easily accessible fossil fuel is being burned up. What would be the harm, at this point, of just fessing up? It’s most disconcerting that Western governments have gotten addicted to lying like this, even when they don’t have to.