Via Adam Taggart of Peak Prosperity,
The reason why growth will be more scarce in the future...
The central point to this latest video is this: as we’ve shown in previous chapters of the Crash Course, our global economy depends on continual growth to function. And not just any kind of growth; but exponential growth.
But in order to grow, it must receive an ever-increasing input supply of affordable energy and resources from the natural world. What I’m about to show you is a preponderance of data that indicates those inputs will just not be there in the volumes needed to supply the growth that the world economy is counting on.
In short, on top of all the debt and other economic messes we’ve made for ourselves, constraints from the natural world will increasingly place limits on economic growth in a way we haven’t had to deal with over the past century.
This is why I’m so confident in the claim that the next 20 years will be completely unlike the past 20.
So understanding the dynamics at play here is key to forecasting what the future will be like. Since energy is the master resource, that’s where we’re going to start.
For those who simply don't want to wait until the end of the year to view the entire new series, you can indulge your binge-watching craving by enrolling to PeakProsperity.com. [3] The entire full new series, all 27 chapters of it, is available -- now-- to our enrolled users.
The full suite of chapters in this new Crash Course series can be found at www.peakprosperity.com/crashcourse [4]
And for those who have yet to view it, be sure to watch the 'Accelerated' Crash Course [5] -- the under-1-hour condensation of the new 4.5-hour series. It's a great vehicle for introducing new eyes to this material.
