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June 18, 2010
Continued Posturing
While the window for an effective plan to deal with the consequences of what CNN has just quietly upgraded from a “spill” to a “disaster” closes a bit more each day, the finger pointing continues. One is forced to wonder: if BP and other large oil companies were guilty (as they certainly were) of collective myopia in failing to anticipate the likelihood of a disastrous deep-water drilling accident, what about all the concerned government agencies and media sources who now seem completely blind to the probability that the simultaneous disruption of several important industries in the Southeastern US will trigger a wave of further business failures, foreclosures, and repossessions within months?Given the enormity of the potential problem, isn’t it likely that refugees from the Southeast will stress other parts of the country, all struggling to balance state and municipal budgets in the third year of a financial crisis?
Also certain undeniable facts raise another question: most “advanced nations” of the world are struggling to emerge from a credit crisis brought on by their own greed and the overproduction of consumer goods, even as “developing” nations also struggle: to earn enough to afford those same goods and compelling evidence suggests that rapid changes in both climate and sea levels are directly related to their production.
Have we humans finally managed to create a problem without a solution?
Doctor Tom
Posted by tjeffo at June 18, 2010 04:26 PM