Charts of energy consumption are screaming "recession."
Concept: personal standard of living is derived (largely) from the number of energy slaves you have working for you. Likewise, increasing or decreasing activity can be tracked by energy (slave) consumption in each sector.
The series are produced monthly by EIA that totals the energy consumption in the US in 4 sectors (Industry, Transport, Commercial, Residential) from all energy sources. They are a very seasonal noisy series, so we use a 12-point moving average to smooth things out. We then divide this by population to arrive at - energy slaves per person per year for each sector in BTU. The MA makes it lag a bit, but the series are so noisy you would likely not see anything interesting if you didn't have some sort of adjustment.
Industrial: 40% (per capita) drop since 1975 points at long-term deindustrialization
Residential: 12% (per capita) drop since 2008 points at real losses in standard of living
Transport: 14% (per capita) drop since 2008 - more standard of living losses
Over a longer time period an argument might be made for decreasing energy use based on increased efficiency. Over shorter timeframes - not so much. And if you look at all the sectors, things are all still trending down except residential.
Things are falling apart--that is obvious. But why are they falling apart? The reasons are complex and global. Our economy and society have structural problems that cannot be solved by adding debt to debt. We are becoming poorer, not just from financial over-reach, but from fundamental forces that are not easy to identify or understand. We will cover the five core reasons why things are falling apart:
1. Debt and financialization
2. Crony capitalism and the elimination of accountability
3. Diminishing returns
5. Technological, financial and demographic changes in our economy
Complex systems weakened by diminishing returns collapse under their own weight and are replaced by systems that are simpler, faster and affordable. If we cling to the old ways, our system will disintegrate. If we want sustainable prosperity rather than collapse, we must embrace a new model that is Decentralized, Adaptive, Transparent and Accountable (DATA).
We are not powerless. Not accepting responsibility and being powerless are two sides of the same coin: once we accept responsibility, we become powerful.
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