Peak Oil debate is now over, is "Peak Capital" next?

by DLi

Mon, Jan 21, 2008 2:54AM

The debate over Peak Oil is largely over, even if there is no firm consensus whether the world has already reached the point of diminishing oil production in 2007, 2008 or shortly thereafter. The central thesis that we will soon produce less and less oil(and increasingly more expensively) in the coming decade(s) is now adopted even by the mainstream media--with the possible exception of some diehard FMFf(Free Market Fundamentalist freaks)!

The next Great Debate--especially in view of the fast developing Capitalist Credit Crunch, whose sub-prime mortgage catastrophe is only the tip of the proverbial iceberg--is now squarely centered on the $100 Trillion Question: have we reached the era of Peak Capital(ism)?

As the Ponzi-scheme house of cards popularly known as the USA 'superpower' economy begin to seriously unravel & implode during 2008 and beyond, will the rest of the globalized capitalist economies also start to falter precipitously like the once-derided 'domino theory'? And more importantly, will the planetary masses rapidly acquire the analytical clarity to locate the real source of their own painful demise(caused by the convulsions of the dying system of CRB--'Capitalist Robber Barony'), and then to develop the necessary & commitment & unity to forge a new collective/collaborative set of alternatives?

It's now Prime Time for the Peak Capital debate!

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