Its really very simple.
There are nearly 7 billion people on the planet.
Their main source of energy has been on a plateau for 3 years eg oil.
Soon all fossil fuels or 86% of our energy supply is going into permanent and irreversible decline.
Already on a per capita basis energy per person is decreasing.
The main beneficiaries recently have been china, therefore other people in the world will have to get poorer.
The capitalist system only works when it is growing exponentially.
Exponential growth is no longer possible.
Deflation seems to be the logical result.
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