Cassandra's Legacy:
In my presentation at the recent Summer Academy of the Club of Rome, I stressed the point that the major stumbling block we face in managing the ongoing crisis is that most people, and in particular policymakers, lack the concept of "overshoot." As a consequence, they also lack the concepts of peaking and collapsing (also in the form of the "Seneca Cliff"). It is not surprising: the idea of overshoot and collapse is a new development in the science of complex systems. It goes back to a little more than 50 years ago when it was proposed first by Jay Forrester. Earlier on, it simply didn't exist.
So, most people think of the exploitation of natural resources in linear terms, assuming that we can continue extracting oil (a physical thing) as long as we have money (a non-physical thing) to pay for it. When depletion is taken into account, it is done only on the basis of oversimplified and misleading models such as the "resources to production ratio." It is something I have termed "Tiffany's fallacy" (the mineral pie is shrinking and most of what's left is in the sky).
Cont....
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