Sunday, July 24, 2011

Мертвые туши

Спонсор месяца - ВотИменно.Ру - первый в России безрисковый нейминг сервис.

With each passing week more and more of us become ready to concede that economic growth is no longer possible. Economic development, on the old model, which UN Secretary Ban Ki-moon recently characterized as a “global suicide pact,” is becoming constrained by the limits of natural resources of the finite planet, energy, arable land and fresh water foremost among them, and stressed further by extreme weather events that increase in frequency due to the rapidly destabilizing climate.

Since the narrowly averted financial collapse of 2008, aggregate indicators of economic growth have been anemic at best, and would be negative were it not for a dramatic expansion in public debt and aggressive financial manipulation by American and European central banks. These methods are only effective up to a point. Some time ago it became apparent that we have reached the point of diminishing returns on debt expansion: further expansion of public debt decreases rather than increases GDP. Perhaps the next realization to hit us is that public debt is in runaway mode: it will continue to go up whether government spending is cut or increased. From this it follows that the government's days are numbered; but few people are ready to make this leap yet.

Against this background of economic stagnation and decay and widespread financial insolvency one sector is experiencing a boom time: Silicon Valley is booming again, and ...читать дальше

Спонсор месяца - ВотИменно.Ру - первый в России безрисковый нейминг сервис.


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