Sep
4
“One way to think about the difference in complexity between fossil-fuel driven economies, and agrarian economies is that fossil-fuel driven economies collapse distance, increase speed of physical goods, and find more effective ways to store capital over longer periods. Agrarian economies are more tied to geography, contend with distance as a significant factor, and are not able to store capital for long periods of time. The effect of these two types of economies on credit, and complexity, are therefore starkly different. Our contemporary, fossil-fuel economy has not only maxed out complexity and credit to a much, much higher multiple than would be allowed by an agrarian cycle–but it has also got itself hooked in to super high agricultural yields, and food from a variety of distances and sources”
Paris Over Amherst: Food, Energy, and Credit | Gregor.us
