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The contemporary world is built on cheap petroleum: computers, cameras, pens, clothing, medicine, food, and schooling itself depend on cheap energy and Middle Eastern oil.
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The contemporary world is built on cheap petroleum: computers, cameras, pens, clothing, medicine, food, and schooling itself depend on cheap energy and Middle Eastern oil.
"...today is built entirely, entirely on access to cheap petroleum products, cheap energy. Right? Why are you allowed to be in school learning from..."
"...and de -urbanize and people would lack access to fertilizers and cheap energy, and this would mean that we would see a steep population..."
"...So remember, for most of the human history, humans were the cheap energy. If you don't have access to cheap oil, well, then you're..."
"...GCC because, again, the entire basis of the global economy is cheap energy, okay?"
"...isolating the GCC and thus cutting off the world's access to cheap energy. And when they do that, we're going to expect global retaliation..."
Fukuyama's end of history becomes, in this lecture, a temporary American spell: Pax Americana, science-priesthood, and dollar worship.
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