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Modern western civilization is based on the availability of cheap credit, cheap oil, cheap meat and cheap cotton. At the time of writing most governments are running around like headless chickens, panicking over the collapse of cheap credit. The fact that at some point we will pass the peak of oil supply has begun to penetrate the public consciousness. The other two have not. Even the organizers of protests against bankers or oil companies are likely to publicise their campaigns by the distribution of cheap tee‐shirts, and to feed their followers at rallies on the ubiquitous burger. The effect of...

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