By coincidence I began this second edition of LaMarotte on St. Patrick’s Day last
year. The coincidence serves to remind me today that this is an anniversary. Since
then I’ve made 209 posts. The favorites include posts on what might be called
the subject of infrastructure. Top ranked was an entry on hydro and nuclear
energy the world over, fourth ranked a post on electric power in the United
States. Most read posts are shown in the left column. More tellingly, perhaps
the three other posts that make up the top five are about math or measurement,
thus perennial subjects rather than the flow, as it were, of generally very
mixed news about the U.S. economy.
My basic interest is in economic fundamentals, something
best measured in jobs. Employment trends, therefore, are a central focus here.
My other focus tends to be on energy—arising from the conviction that humanity
is passing through a unique and time-bounded period, the Fossil Age. The
conventional economic focus is on money and on growth. But real wealth is
rooted in nature and in labor. The fundamental growth-figure, therefore, is that
of the population; economic growth should reflect population growth, but not
much more than that. The vast growth in economic well-being since the
nineteenth century has been due to the discovery of coal, oil, and gas—their
sum a diminishing resource. Their exploitation through technology and
automation is increasingly depriving the people of jobs. Our time horizons are
short. We don’t collectively internalize what this sort of process means in the
long run—assuming, as we must, that the Fossil Age will end, probably before
this century is over.
Contemplating this picture—and the collective disregard of
the vectors that are becoming visible—is at best sobering. I wish more people
would do it. By way of diversion I turn my attention here to such fun topics as
math or science or technology. Technology is particularly interesting. The
modern attitude is firmly anchored in the belief that technology will save us—but
ignoring the obvious fact that without free energy, which is what the fossil
fuels really represent, our technological civilization is actually doomed. And
the great faith in the solar solution? Well, my view is that humanity lived on
solar energy exclusively from the very dawn of time to the discovery of the
steam engine, which suddenly made coal “interesting.”
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