Originally posted by: 0marTheZealot
Explain in more detail please. I don't quite get what you are trying to say? Will we conserve more? Conserving more only delays the inevitable it doesn't solve the problem at hand. Innovations can't be scheduled, they happen fairly randomly. You can not ask for an innovation in 5 years. And again, it only delays the problem.
The source of the problem is the underlying notion of growth. Our monetary system is based on the assumption that growth will continue on for infinite. When that assumption is violated, there are dire consequences. Our economy needs to grow 3% a year, every year, lest we suffer a recession. A recession is still growth however, just at a slower rate. Imagine what happens when the economy actually declines or grows at 0%? We are heading into a crisis from which there is no avoiding. Eventually, something is going to have to give.
I'd also like to point out that often, recession follows a spike in oil prices. If a spike in oil prices can cause a recession, imagine what will happen when the oil isn't physically there.
http://www.theaustralian.news....7148%255E28737,00.html