The Roots of Recession
As an energy shock looms, a new book reframes recession as the product of historical circumstance, not cyclical inevitability.
Joel Kotkin
· 11 min read
A collection of 3 posts
As an energy shock looms, a new book reframes recession as the product of historical circumstance, not cyclical inevitability.
Civilisation has always been dependent on energy.
American oil companies didn’t want to topple Saddam Hussein; they wanted to trade with him.