In response to: Book review: 'The Long Emergency' by Peter McMahon, posted 11 April 2006:
I wrote:
The real impending crisis is the end of economics as economists have become comfortable with.
The basis of our economies is not so much a particular cheap fuel, but a reliance on certain social constructs. If those constructs collapse, or are overthrown, we face the same excitement as the early stages of the Industrial Revolution.
At the moment, some societies - or at least segments of them - seem to be shifting the "means of production" away from purely physical to more ephemeral means. Much of our economic modelling is based upon the idea that resources are limited, and are valued according to supply and demand.
With intellectual products, the difficulties lie in enforcing the scarcity (through "Intellectual Property" regimes) and in their 'unreliability'. Putting more brains on a problem doesn't necessarily solve it faster, or better, or at all.
The content and the quality of education - and experience - are very important, but they're "mere" enablers. Both are required, but not sufficient, preconditions for a "knowledge economy" or whatever we're calling it today.
The emergency is artificial, not the least because we're trying to hold on to an old model of our own constructed reality. Something that cannot, and will not, last. Knowing that, we still fear the uncertainty of change - despite it being our oldest and most constant friend - and instigated by our own hands/minds.