Catabolic Capitalism: Profiting From Collapse
by Craig Collins
For much of the past two centuries, profits flowed from building things: factories, transportation networks, electric grids, cities, suburbs, and global communications infrastructure. Capital transformed abundant fossil energy into ever-greater economic velocity and complexity. Today, that process is becoming difficult to sustain. The easiest resources have already been exploited. Infrastructure is aging. Ecological damage is accumulating. Debt is growing faster than productive capacity. Political legitimacy is eroding. Competition over energy, resources, and strategic supply chains is intensifying.