Tag:economics
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Critics of extreme environmentalists have long made the argument that the free market will solve the “end of oil” problem, and the recent boom in solar and other alternative energy producing companies has lent credence to that claim. This summer, skyrocketing fuel prices gave a boost to alternative energy and made “greening” popular, but in the aftermath of the global economic slump, energy prices came back to normal. The New York Times has reported that the poor economic climate and falling oil prices may hinder the development of new green businesses . The financial crisis in the USA and worldwide makes us wonder how long our incredibly fast rate of scientific progress can last. As global warming accelerates even as the economy slows, our dreams of leaving Earth and spreading life and culture throughout the universe seem ever more distant.. The news of recent days makes us realize that we have not reached a level of prosperity from which we can make impartial judgments about the future, because we are still struggling to manage the present. |
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