What will happen to these African and middle eastern countries when the world moves away from oil, or worse, runs out of it? There will be people that still live in relative wealth, but a huge portion of the population will be begging, with nothing to live for.
It is amazing how the world continues on its merry way, even towards doom, until terrible things actually happen. Everyone can see this, it isn't exactly a secret. And yet, the march towards the edge of the cliff continues....
Capitalism "prefers" an unemployment rate of about 5%. Say the world goes capitalist. With the population reaching 10 billion in the next 25 years, that is 500,000,000 people world wide unemployed. How can this not lead to utter devastation? What am I missing?
It is amazing how the world continues on its merry way, even towards doom, until terrible things actually happen. Everyone can see this, it isn't exactly a secret. And yet, the march towards the edge of the cliff continues....
Capitalism "prefers" an unemployment rate of about 5%. Say the world goes capitalist. With the population reaching 10 billion in the next 25 years, that is 500,000,000 people world wide unemployed. How can this not lead to utter devastation? What am I missing?