Published by Swany on 05 Nov 2011 at 09:37 am
Club Orlov: “[I]t behooves us… to begin a serious examination of the… cultural adjustments necessary… before unmanageable crises arise….”
Hubbert said, "The third curve (on the left) is simply the mathematical curve for exponential growth. No physical quantity can follow this curve for more than a brief period of time. However, a sum of money, being of a nonphysical nature and growing according to the rules of compound interest at a fixed interest rate, can follow that curve indefinitely…Our principle constraints are cultural… we have evolved a culture so heavily dependent upon the continuance of exponential growth for its stability that it is incapable of reckoning with problems of non-growth…."