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Returning to 'normal' is no longer an option http://apocadocs.com/s.pl?1232117961
In the first half of the year, volatile commodity prices, especially for food and oil, hit the world's poorest people hard. In the second half was the global financial catastrophe.
Yet, could the crises of food, fuel and finance that we experienced last year simply be three canaries in the coal mine? What if these are just the early warning signals that our current economic system is not sustainable at a much deeper level? ... Those of us in middle age today in richer countries are the third successive generation to benefit from the natural resource bubble that our first world economy has exploited since the mid-20th century.
It is highly unlikely -- unless we make some deep, structural changes to how we manage our economy -- that our children and their children will experience the same sense of progress and wealth.
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[Read more stories about:
faster than expected, canary in coal mine]
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Jordy says: "What'd Obama say? "The ground has shifted beneath our feet"?"
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'Doc Jim says:
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A "natural resource bubble"? How absurd! House prices will always go up!
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