13 Jul '11, 10pm

Dot Earth: Vaclav Smil calls global warming "very secondary" compared to global econ. crisis, the "Great Unraveling"

Dot Earth: Vaclav Smil calls global warming "very secondary" compared to global econ. crisis, the "Great Unraveling"

I know you have invested so much into that entire global warming story, but I see it as very secondary compared to the already unfolding Great Unraveling, with all rich economies in chronic downfalls that will last and last (real U.S. unemployment already 20%, debt at $14 trillion is trivial compared to $114 trillion of uncovered obligations, all E.U. save for Germany is collapsing etc., etc.). The only sensible way out of it is to tax and tax and that will kill the economies even more in the medium-run, and combine it with aging and China and terrorism (by my estimate bin Ladin has, so far, cost the U.S. at least $6 trillion and counting) — and soon there will be no monies for anything beyond basic survival. Try to watch this for five minutes:

Full article: http://dotearth.blogs.nytimes.com/2011/07/13/on-debt-deat...

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