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Monthly Archives: February 2013
Twelve Reasons Why Globalization is a Huge Problem
Globalization seems to be looked on as an unmitigated “good” by economists. Unfortunately, economists seem to be guided by their badly flawed models; they miss real-world problems. In particular, they miss the point that the world is finite. We don’t … Continue reading
The Connection of Depressed Wages to High Oil Prices and Limits to Growth
In my view, wages are the backbone an economy. If workers have difficulty finding a job, or have difficulty earning sufficient wages, the lack of wages will be a problem, not just for the workers, but for governments and businesses. … Continue reading
Posted in Financial Implications
Tagged employment, high oil prices, limits to growth, per capita wages, wages
138 Comments
Our Investment Sinkhole Problem
We are used to expecting that more investment will yield more output, but in the real world, things don’t always work out that way. In Figure 1, we see that for several groupings, the increase (or decrease) in oil consumption … Continue reading
Posted in Financial Implications
Tagged debt defaults, GDP growth, investment, investments, limits to growth, oil price, recession, Saudi Arabia
67 Comments
