Comment Re:These guys are crazy (Score 3, Insightful) 109
Technological advancement is peaking. The 20th century, the era-when-everything-happened is over. It was an aberation caused by huge amounts of cheap petroleum energy. With cheap oil depleting, the huge technology positive-feedback loop slows and stops.
Really now? What about nations which are not dependent on oil such as France, Germany, and Japan. Yes peak oil would most likley be a pain for international shipping, but nations who had the forethought to actually build nuclear power plants and decent mass transit systems will shrug and keep on going.
Plus there isn't any money. The banking system is fundamentally broken, nobody trusts that due-process rule-of-law applies to the financial sector anymore. And one-by-one all the industries in the USA are going down like the housing industry in a chain reaction. Government will frozen and powerless to do anything to stop it from happening.
Government? Whose government? Are we talking about? You talk as if the past 200 years of advances were primarily made by people who lived on Washington, DC's payroll.
The world will advance. It will adapt and it will progress... The statement you should be saying that the world will not progress should say "The United States will not progress, while China, Japan, and Europe keep going."
Its not like China is short on cash.