The entrepreneurial investors of the time just want to repeat themselves indefinitely and don't know when to stop. You can't do that. And so finally the housing boom, or the auto boom, or whatever it is that's been carrying things along, runs out of customers.
All my life I have been hearing that the oil was going to run out. It never happens. They keep discovering new oil fields. The world is apparently floating in oil fields.
I basically don't think that the way we do things is that dependent on one resource, such as oil. There can be different kinds of engines for cars. I think that solar heating, wind heating can substitute for a lot of uses for oil. I'd like to see those things happen because they are more sustainable in any case. But I do not think that running out of oil is not going to bother us that much. I think we have got to be rescued by something or we really are going down a slippery slope.
Privately run jails are a mark of American "reinvented government" that has been picked up by neoconcervatives in Canada.
My mother used to say when we were children, 'When a boy gets a stick in his hand, his brains run out the other end of it.' Power is a stick in the hand, and I have never heard of anybody who wielded a very big stick of power whose brains did not run out the other end. As a nation, our brains are running out the other end of our power right now.
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