Brittle and prone to failure

Together, these approaches comprise “complexity.” They tend to make the economic system less resilient. At least temporarily, they pass fewer of the higher costs of energy products through to current citizens. As a result, the economy can temporarily withstand a higher price of energy. But the system tends to become brittle and prone to failure.

~ Gail Tverberg from, https://ourfiniteworld.com/2021/10/18/spike-in-energy-prices-suggests-that-sharp-changes-are-ahead/

I don’t know whether to say you’ll be better, or worse, off—but I absolutely recommend reading everything Tverberg has ever written. I’ve a number, (nowhere near all of her stuff however,) of things quoted here on the blog; All those posts are tagged Gail Tverberg. History shows many examples, over thousands of years of recorded history, where economies, (empires, civilizations, and the people,) grew slowly and ended precipitously. There’s yet to be an example of a gradual decline. The open question is for how much longer—possibly very very much longer—can humanity continue to incline? (And to be clear, I don’t have an educated opinion about that question.)

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