Volatility

November 25, 2010

Peak Oil Video

Filed under: Peak Oil — Russ @ 1:46 am

 

Here’s a video from the Post Carbon Institute which gives a good rundown on the history of fossil fuels. I could quibble with a few of the details, and there’s one major lapse where it says the Cold War was a showdown between market and planned economies. Of course, “the market economy” is in fact a planned economy. “Markets” is an ideological term and concept, not a neutral denotation. Assertions to the contrary are lies which are part of the market fundamentalist ideology. The video implicitly recognizes this, for example when it posits globalization as a sentient force which does this and that. That’s exactly right, but that’s because market globalization is a command economy.
 
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