A Quote by James Howard Kunstler
The economy of the 21st century will come to center on agriculture. Life will be intensely and profoundly local in ways that we can't conceive of today. Economic growth, as we have known it in a cheap energy industrial paradigm, will cease.
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Earlier this week ... scientists announced the completion of a task that once seemed unimaginable; and that is, the deciphering of the entire DNA sequence of the human genetic code. This amazing accomplishment is likely to affect the 21st century as profoundly as the invention of the computer or the splitting of the atom affected the 20th century. I believe that the 21st century will be the century of life sciences, and nothing makes that point more clearly than this momentous discovery. It will revolutionize medicine as we know it today.
To change our national economic story from one of financial speculation to one of future growth, we need a third industrial revolution: a green revolution. It will transform our economy as surely as the shift from iron to steel, from steam to oil. It will lead us toward a low-carbon future, with cleaner energy and greener growth. With an economy that is built to last - on more sustainable, more stable foundations
In American Society today, we need to have volunteerism. I truly believe that it is the glue that will hold us together and it will be the energy that will take us into the 21st century.
Our main source of economy is agriculture. What we should do is to use the oil money that we have today to re-fuel agriculture. And so agriculture will be the backbone of the economy of South Sudan.
Advances in technology will continue to reach far into every sector of our economy. Future job and economic growth in industry, defense, transportation, agriculture, health care, and life sciences is directly related to scientific advancement.
For years, I have worked diligently to develop and implement a 21st century manufacturing strategy that will create jobs in the new clean energy economy.
The greatest economic minds of the 19th century, all of them without exception, considered economic growth as a temporary necessity. When all human needs are satisfied, then we will have a stable economy, reproducing every year the same things. We will stop straining ourselves worrying about development or growth. How naïve they were! One more reason to be reluctant about predicting the future. No doubt they were wiser than me, but even they made such a mistake!
In the 21st century, there will probably be a reflex against the disintegration of traditional European culture. What started as a reaction will come full circle, and there will be a return to the roots.
I predict 2016 will be a year of upheaval and realignment across the world. China's economy will continue to sputter. Commodity exporting countries will suffer. Europe's growth will remain flat-lined. The U.S. will plug along at under 3% growth.
As borders take time to reopen, we will make sure the Government spends our reserves to nurture strong local businesses. To grow local supply chains. And to encourage innovation. This is important because local businesses will be Singapore's growth catalyst in our post-COVID economy.
The truth is that transitioning to clean energy like wind and solar will create millions of new, good jobs that can't be outsourced, and spur economic growth - all while avoiding the inevitable, significant damages our economy will suffer should we keep building more pipelines.
The choice before us is simple. Will we continue to subsidize the dirty fossil fuels of the past, or will we transition to 21st century clean, renewable energy?
The new markets that arise from ecological constraints will dominate the 21st century economy, and so will markets for knowledge.
The future path of the federal funds rate is necessarily uncertain because economic activity and inflation will likely evolve in unexpected ways. For example, no one can be certain about the pace at which economic headwinds will fade. More generally, the economy will inevitably be buffeted by shocks that cannot be foreseen.
I'm convinced that the Great Lakes region will be at the center of an internally-focused North American economy when the hallucination of oil-powered globalism dissolves. Places like Buffalo, Cleveland, and Detroit will have a new life, but not at the scale of the twentieth century.
The abundance that is offered to us by leaving behind the fossil fuel paradigm is very promising for the world and the people of the world. We will have cleaner air, water, and food; we will have more resources to share with our people. There will be more economic freedom because people will be able to harvest their own energy.
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