The next crash will lay bare all the incumbencys illusions about a new era of fossil fuels and of a wealth-creating financial system in need of only light-touch regulation. They will have left themselves at the mercy of a society that will be looking back in anger, and a political class that will feel impelled, given the state of their streets, to project the will of the people. Society will be being swept with a realization that energy needs must be met in large measure at home, as fast as possible, and in a climate wherein modern financial institutions cannot in general be trusted with either individuals money or the provision of financial services to viable economies.
Posted on: Wed, 09 Apr 2014 13:59:18 +0000
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