Summary of Prosper!

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Rating

7

Qualities

  • Applicable
  • Well Structured
  • Visionary

Recommendation

Peak Prosperity consultancy co-founders Chris Martenson and Adam Taggart predict a crisis of global proportions due to rising national debt, unchecked consumption, threatened ecosystems and depletion of fossil fuels. If you live in denial, ignore the warnings and assume life will continue unchanged, they believe you’re stacking the odds against your future. When your way of life is no longer sustainable, how will you not only survive, but also “prosper”? The authors provide concrete strategies for coping with the world they predict. They suggest preparing for the future by accumulating “eight types of capital”: “Financial, Social, Living, Material, Knowledge, Emotional, Cultural” and “Time.” If you agree a crisis is looming – and perhaps even if you don’t – getAbstract recommends this guide to preparation and survival. Whether you think the authors are prophets or alarmists, building a greener, more thrifty world is bound to be good for you.

About the Authors

Economist Chris Martenson, PhD, wrote the video seminar and book, The Crash Course. He co-founded Peak Prosperity with Adam Taggart, a former Yahoo vice president.

 

Summary

It Can’t Go On This Way

An in-depth look at the “Three E’s” – the “economy, energy and environment” – reveals that current economic models are built on continual but unsustainable expansion, shrinking energy supplies, and an overtaxed, polluted environment. Economists overlook the fact that fossil fuel is a finite resource when they push for nonstop growth. The world has burned its easily accessible oil. Extracting more oil requires costlier, more destructive methods, like fracking and deep-sea drilling. The world has no comprehensive plan for moving from oil to other energy sources.

Energy use is closely linked to economic growth. Every economy seeks continual growth and works to produce and sell more things. A growing economy requires increasing amounts of energy. For every 1% increase in gross domestic product (GDP), a nation increases its electricity use by around 0.5% and its oil use by “roughly” 0.25%. When economists talk about a percentage of growth over a set period of time, they’re referring to exponential growth. But if every economy in the world seeks exponential growth, their combined demands will exhaust Earth’s resources.

Environmental...


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