This month’s post by Gail the Actuary explains our country’s (and the world’s) economic situation better than I ever could, so here it is.
This obviously speaks for Oakland as well, since we’re one of hundreds of US cities built upon a once lustrous but increasingly potholed and cracked foundation of cheap (and now all burnt up) oil and gasoline.
We’ll need to find other means of social lubrication, and in the meantime, don’t be poor!
The ramifications touch every part of our society, and thus I’ve tagged this with all categories. Put on your systems thinking cap and get reading!