What really is this notorious SubPrime (high risk credit given to low income segment of population) that is causing financial turmoil all around the world, everybody is talking about since August 2007?
To summarize in one sentence: only the tip of the iceberg...
The Olduvai theory claims that exponential growth of energy production ended in 1979, that energy use per capita will show no growth through 2008, and that after 2008 energy growth will become sharply negative, culminating, after a Malthusian catastrophe, in a world population of 2 billion circa 2050.
Industrial Civilization is defined in...
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