CNU17 blog.

JHK: CNU17 - Demographic Shifts and the Economics of New Urbanism and the last CFN post.

Kunstler said the financial system was destroyed in the economic collapse last year and it's not coming back. Kunstler's point is simple and difficult to refute: The previous financial system relied on perpetual growth. Something worth X at the beginning of the year had to be worth X + something at the end of the year. Growth in value on paper has been proven to be a sham. Real growth is only possible through economic expansion, in other words producing and consuming more. And that's only possible with cheap and expanding supplies of energy.