Iaian Vernier's Memoir
Chapter 3. Coming Apart
← 14 | 15 →·3·
We focus our lens, if briefly, on the first half of the twenty-first century. What seemed to define the perpetual crises of this period was the lack of intellectual and moral directivity. It was as if the leadership were wandering in a mental fog about causes and solutions. It was always patching things up, retaining the same institutional arrangements and power structures. What seemed to have worked in a time of growth, the sixteenth to the early twentieth century, did not work anymore. The rhetoric of equality, democracy, free enterprise, socialist redistribution bounced back into universally deaf ears. It seemed that the elite leadership was marking time to fill their pockets and those of their own people, hoping to be underground when the tornado swept down upon the innocents.
The first decade saw the collapse of European socialist debt economies. The United States was in somewhat better condition in this decade because of its own oil, natural gas and coal reserves and somewhat more open economic structure, but spent its reserve currency on debt and the redistribution of this debt to its growing ‘indentured’ population. This economic situation, however, did lead to an energy ‘breather.’
← 15 | 16 →By the third decade oil supplies plateaued and then diminished; prices rose. Natural gas was in somewhat better supply but also rose in cost and became scarce. Renewables, because of their lack of scale in the great urban complexes, became objects of conspicuous class dalliance for the wealthy and...
You are not authenticated to view the full text of this chapter or article.
This site requires a subscription or purchase to access the full text of books or journals.
Do you have any questions? Contact us.Or login to access all content.