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Showing posts with the label Economics

Will the COVID-19 Be the Death of the 20th Century Consumer Economy?

Somebody asked me, is COVID-19 a symptom or a cure? What is wrong with us? Symptoms of Consumer Atrophe Warehouse & Westfield Closed – indicates downshift in consumption of non-essential consumer items by consumers Cruise Ships, Air Travel, Tourist Operations Closed – indicates downshift in consumption of commodity tourism for non-essential purposes by consumers Supply Chain & Manufacturing Closed – indicates downshift in consumption of primary commodities which feed into the non-essential consumer vehicles, appliances, furniture, clothing for consumers Suspension of Rent, Mortgage and Credit Repayment Demands – indicates an emerging awareness of the debt slavery status of most consumers Kids Riding Scooters in the Street – indicates a re-allocation of the biggest consumer misallocation of resources of all time Prognosis for Recovery Welfare emergency payments for consumers will be used...

Transition Engineering Perspective Shift

Transition Engineering - what is it you are really doing?  The answer is the same as for any engineering discipline - we make things work. What works totally depends on your perspective. Perspective Since 1950, and the end of the devastating world wars, making things work meant growth. Growth was the way to keep running ahead of that dark beast in the rear view mirror - The Great Depression and his nasty minions - bank failure, hyperinflation, unemployment, scarcity and hunger. We have been looking in the rear-view mirror so much that we have become future blind, letting the headlight dim until the way ahead is only a dark space bounded by ghostly converging white lines. I have a theory that “perspective shift” is key at this time for everyone.  If you've been looking behind, turn around and look ahead, slow down, and turn up the high beams. If you already get the climate science and the urgent need for action, then you need to shift your perspective ...