Cassandra's Legacy
The Triumph of Catastrophism. How Greta Thumberg Carried the Day«What few seem to understand is all the Old Normal systems can't restabilize at some modestly lower level of diminishing returns; their only possible future is collapse. Just as fine-dining restaurants cannot survive at 50% capacity because their cost structure is so astronomical, the same is true of sports, airports, airlines, cruise lines, fast food, movie theaters, healthcare, higher education, local government services and all the rest of the incredibly fragile and unaffordable Old Normal.
None of these systems can operate at anything less than about 80% of full capacity and customers paying 80% of full pop, i.e. full retail. Since their fixed cost structures are so high, and their buffers so thin, there's nothing below the 80% level but air, i.e. a quick plummet to extinction.»
