Trolling the pages of a little text on "Strategy" trying to find interesting snippets for my students I stumble upon this clueless example of complete ignorance by Eric Hobsbawm, The New Century .
We are certainly a single global economy compared with thirty years ago, but we can say with equal certainty that we'll be even more globalised in 2050, and very much more in 2100.
Interestingly Hobsbawm blindly stumbles vacantly passed the actual issues that make his claim a nonsense, in the very next sentence he argues,
Globalisation is not the product of a single action, like switching on a light or starting a car engine.
The coffee I was slurping at the time involuntarily regurgitated itself as if of a mind of its own. By 2050 much of the industrialised petroleum dependant McBullshit that we are all familiar and comfortable with will be decimated. The seemingly endless march of container loaded shipping moving raw resources to China, turning it into the shit we buy at the Whorehouse (Warehouse in NZ, Walmart in the US) and shipping it back here, will have slowed to a trickle if not completely disappeared.
Severe and brutal energy shortages the result of demand for oil surpassing the available supply are possible within a few short years, certainly within a decade. The price of oil will be so high airline companies will collapse, construction of Olympic villages will halt and projects for new roads will finally be seen for what they really are - a complete and utter waste of resources, investment in a possible world which will not exist. Rampant inflation and recession will infect the western economies like a virus.
We live in times of energy abundance, there is more of virtually everything you can imagine. The general public, Hobsbwam and millions like him ignorantly assume that the economic good ole times will roll on forever. Such fantastical notions make a raft of errors all related to fossil fuel availability and demand.
In 45 years time contrary to Hobsbwam's seemingly utopian "global village" we will be living in a time where there will be almost half the fossil fuel supply currently available. With a decline in the commodity that literally drives the western world so too will come the gradual reversal of all that depends upon the resource. Globalisation, along with populations will decline.
The price of fossil fuel continues to increase. Yet no one seems to blink an eye. The warning signs are lost on politicians and the general public. Consumptive society, it's inherent dependancy upon 3% economic growth per annum, fueled by oil, is in for one fuck of a shock. The end of corporate globalism, financial and property markets, and the beginning of political mayhem, extended austerity and hardship is just around the corner.
Better to buy a scooter now.