But what the government of the US should be doing, rather than fighting a Boer War in Iraq - is realizing that the petro-engine economy is coming to an end. The very existence of an era of globalization is a sure sign of it, because it means that production is not improving quickly enough to create zones of higher productive value, merely the ability to equalize zones that exist.

This means focusing on the reality of The End of Extraction. It is extraction that is distorting our economic system, because everything has to be protected, or made to be fictionally as profitable as extracting oil from the sands of Saudi Arabia. As Professor [Lester] Thurow correctly points out, this leads to fudging the books, and eventually to financial scandals and collapse.