The Mudcat Café TM
Thread #83512   Message #1539281
Posted By: GUEST,DB
10-Aug-05 - 07:52 AM
Thread Name: BS: Was Thatcher right?
Subject: RE: BS: Was Thatcher right?
Thatcher and Blair and Bush are, of course, only the tools of an economic system which is profoundly flawed. It is a system that believes that resources are infinite and can be exploited infinitely - and resolutely ignores any evidence to the contrary. Well, I've got a sneaking suspicion that they (and us!) are in for a rude awakening. I keep reading snatches in the press and on the Web which suggests that oil production has peaked and will soon run out (petrol at 90p a litre - any connection, I wonder?). Because the whole 'house-of-cards' is based on an infinite supply of oil it is likely to soon come crashing down around our ears.
Thatcher could have been 'wrong' because she really did believe in the 'infinite resources' myth. On the other hand Bush and Blair could be'right'because they've taken the blinkers off and seen this coming - grabbing what's left of, and keeping control of, the world's remaining oil stocks is the only credible reason for invading Iraq.