This has occurred partly because a smaller portion of the population is working and thus paying taxes , and partly because US spending for unemployment benefits and stimulus has risen. The result is a mismatch between government income and spending Figure 11, below. Thanks to the mismatch described in the last paragraph, the federal deficit in recent years has been far greater than the balance of payment deficit.
As a result, some other source of funding for the additional US debt has been needed, in addition to what is provided by the reserve currency arrangement. The Federal Reserve has been using Quantitative Easing to buy up federal debt since late This has provided a buyer for additional debt and also keeps US interest rates low hoping to attract some investment back to the US, and keeping US debt payments affordable.
The current situation is unsustainable, however. Globalization tends to move taxation away from corporations, and onto individual citizens. Corporations have the ability to move to locations where the tax rate is lowest. Individual citizens have much less ability to make such a change. When we look at the breakdown of US tax receipts federal, state, and local combined this is what we find:. The only portion that is entirely from corporations is corporate income taxes, shown in red.
This has clearly shrunk by more than half. Part of the green layer excise, sales, and property tax is also from corporations, since truckers also pay excise tax on fuel they purchase, and businesses usually pay property taxes. It is clear, though, that the portion of revenue coming from personal income taxes and Social Security and Medicare funding blue has been rising.
Because of the competitive nature of the world economy, each country needs to sell its goods and services at as low a price as possible. There is no way this race to the bottom can end well. Prices of imports become very high in a debased currency—this becomes a problem. In addition, the supply of money is increasingly out of balance with real goods and services.
This produces asset bubbles, such as artificially high stock market prices, and artificially high bond prices because the interest rates on bonds are so low. These assets bubbles lead to investment crashes. Globalization encourages dependence on other countries for essential goods and services. With globalization, goods can often be obtained cheaply from elsewhere. A country may come to believe that there is no point in producing its own food or clothing. It becomes easy to depend on imports and specialize in something like financial services or high-priced medical care—services that are not as oil-dependent.
As long as the system stays together, this arrangement works, more or less. However, if the built-in instabilities in the system become too great, and the system stops working, there is suddenly a very large problem. Even if the dependence is not on food, but is instead on computers and replacement parts for machinery, there can still be a big problem if imports are interrupted. Globalization ties countries together, so that if one country collapses, the collapse is likely to ripple through the system, pulling many other countries with it.
Around The world in 128 Days Minus 1
History includes many examples of civilizations that started from a small base, gradually grew to over-utilize their resource base, and then collapsed. We are now dealing with a world situation which is not too different. The big difference this time is that a large number of countries is involved, and these countries are increasingly interdependent. In my post Beginning of Long-Term Recession , I showed that there are significant parallels between financial dislocations now happening in the United States and the types of changes which happened in other societies, prior to collapse.
My analysis was based on the model of collapse developed in the book Secular Cycles by Peter Turchin and Sergey Nefedov. It is not just the United States that is in perilous financial condition. Many European countries and Japan are in similarly poor condition. The failure of one country has the potential to pull many others down, and with it much of the system.
The only countries that remain safe are the ones that have not grown to depend on globalization—which is probably not many today—perhaps landlocked countries of Africa. In the past, when one area collapsed, there was less interdependence. With regeneration, and perhaps new technology, it was possible for a new civilization to grow in the same area later. If we are dealing with a world-wide collapse, it will be much more difficult to follow this model.
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Sanctions On Venezuela. No military response. Just Destroy their economy. Can Senator Kerry be tried for aiding enemy? Home Finance the Economy. Gail Tverberg Gail Tverberg is a writer and speaker about energy issues. Prior… More Info. Premium Content. When we look at the breakdown of US tax receipts federal, state, and local combined this is what we find: Figure Gail Tverberg. The worst thing we can do for our economy is sit back and do nothing about climate change.
Globalization exploits the third word countries to better the developed countries. The limitations of the flow of manufactured materials should done to allow the development and the growth of local industries to make big industries. It is the time now to industrialize the 3rd world countries.
The site is based on finance and the economy: oilprice. But it would have been good to have seen it. However, an impressive analysis of globalization. Globalisation creates unemployment to the local population of a country in the sense that people opt to import finished products from developed countries than processing their own raw materials.
In Zimbabwe most clothes worn by people are imported from China, Dubai, Tanzania and other neighbouring countries. Sometimes we just focuse only on advantages and overlooking disadvantages like Neo- colonilisation. The author uses the declining participation in the American workforce as an example of number 6 Globalization transfers jobs from developed countries to less developed countries. But this might just be a result of an aging population, a phenomena prevalent throughout the developed world. The positive aspects that the globalization bring about far outweigh its negative consequences.
We should not forget that the world today is a global village, opportunities are there everywhere around the world, thanks for the contribution of globalization. Agree Amirt R M. The problem is that fossil fuel growth increases climate change CC , as the first items on the list argue. If we don't find a way to control CC civilization as well as the majority of megafauna may expire within years. It's a very serious conundrum.
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My book argues that we need to harness the energy in the atmosphere. It's easy, hydroelectric does in a very rudimentary and small way. Since it produces fresh water as part of the process it solves many problems at the same time it addresses the energy problem and CC. The second set of arguments are basically distribution issues: that is also simple, if we look at the problem as a whole too.
In times of hyper-economic activity, excessive wealth concentration, or as a product of controlling harm, like fossil fuels, taxation can build up reserves. At times and in areas where we want to increase economic activity we provide a progressive reverse tax. Thus money is seeded back into the economy without the stigma of neediness. Taxation is not necessary either, creation of money is beneficial, and necessary at these times too. Globalisation will destroy the world Author mentioned exact reasons, I appreciate..
I liked your points about negative aspects of globalization and I got much information about it. You only list negative aspects from the perspective of First World Countries. For example, how about the issue of imperialistic trade agreement that disfavors the less developed countries? American industries competing with small, local, indigenous industries and completely destroying them?
America exploiting cheap labor forces and scrambling raw materials only to sell finished products to the developing countries. Basically they have to buy back what was theirs at an exorbitant price. Grassland amidst forest of ponderosa pine on the Kaibab Plateau, Arizona.
In the case of an uncontrolled deer population explosion with insufficient predators, the population declines dramatically because the overbrowsed vegetation simply cannot support the high ratio of deer. Consequently, the deer die from starvation and disease, and the population rapidly declines.
This scenario actually happened in the Kaibab Plateau of northern Arizona between the years of and In the deer population was unusually low with only 4, head. The carrying capacity was 30, at this time, so a massive campaign was waged against the natural enemies of the deer. Between the years of and , the natural predators of deer mountain lions, wolves and coyotes were eliminated by hunters in order to increase the deer population. As the following graph shows rather dramatically, the deer population increased rapidly to , by , but then died off rapidly to a mere 10, by Because of severe overgrazing by excessive populations of deer, the carrying capacity of this region was reduced to approximately 10, in , and the deer population was reduced accordingly.
Be sure to enter growth rate r as a whole number and not a decimal. Do not enter the decimal value 0. Determining the doubling time of a population. Determining the growth rate of a population. Zero Population Growth R eplacement reproduction is simply defined as the replacement of a mating couple man and woman with the same number of people an average of one boy and one girl. It can also be defined as one daughter born to each mother. Depending on the living conditions of a country, replacement reproduction needs to be greater than two offspring because of the mortality factor.
For the United States, replacement reproduction was approximately 2. Replacement reproduction is different from zero population growth, where the number of births equals the number of deaths per year. This is because the birth rate exceeds the death rate per year, there is a large net immigration into the country, and the age structure contains numerous baby boomers who are now parents.
The Land As A Food Source For The World's Population A lthough it has be estimated that there are only about 10 billion acres of tillable land on the world's continents only a fraction of the total area of the world's oceans , this is where most of the food for humans is derived. Food from the land includes grains cereals , legumes, root crops such as potatoes and yams, vegetables, beef and poultry.
But even our food from the land is not an infinite resource. The following link shows a real-time counter for the world population. Every second, five people are born and two people die. With a population increase of three people per second, at the end of a 50 minute Biology lecture the world population will have increased by 9, people.
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At the end of a year, the population will have increased by almost 95 million. Starting with a population of 6 billion, this would be an annual increase of about 1. This same phenomenon called the "greenhouse effect" is caused by gasses of carbon dioxide and methane in the earth's atmosphere. The earth's warming trend caused by the greenhouse gasses is known as "global warming.
O ne of the most interesting hypotheses to explain global warming is discussed by William F. According to Dr. Ruddiman, global warming started thousands of years before we started burning fossil fuels in power plants, industrial factories and internal combustion engines. This conclusion is based on data from carbon dioxide and methane gas trapped in cores from Greenland and Antarctic ice sheets.
The amount of solar radiation that reaches the earth each year is based on several complex orbital cycles, including the shape of the earth's orbit around the sun, and the wobbling or tilt of the earth on its axis. Ruddiman believes that solar radiation peaked about 11, years ago. The earth was on a gradual cooling trend until about 8, years ago, a date that coincides with the advent of human agriculture. As humans began to cut and burn forests, and to farm vast areas of land, higher levels of carbon dioxide and methane were released into the atmosphere.
For example, rice paddy farming 5, years ago correlates nicely with an increase in methane, a product of decay bacteria in wetland areas.
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Cooling fluctuations during the 8, year warming trend can be attributed to massive deaths caused by major human diseases plagues where the population and emission of greenhouse gasses declined. In conclusion, the overall warming trend is correlated with human agriculture and an exponential increase in the human population. In fact, Ruddiman suggests that without the advent of agriculture, we would have entered another period of glaciation! P redictions by scientists during the s that we are facing another ice age are true if you follow the cooling trend that began 11, years ago.
Predictions of global warming by scientists during the s are also true if you include the greenhouse effect. The current global warming trend may only last a few more centuries, until we exhaust the supply of fossil fuels. Hopefully we will come up with an efficient, non-polluting source of energy that is not dependent on the resources of other nations.
It would be interesting to look forward into the future to see if global warming subsides when fossil fuels are no longer burned. Starting with 25, people on January 1, a population reaches 26, by December What is the annual percent increase? Starting with 25, people in , the population of Escondido reached 75, by What is the percent increase for this 18 year period? If you project this enormous increase through the year , it explains the gridlock on Highway Kenya has an annual birth rate of 52 per and a death rate of 12 per Calculate the annual percent growth rate r for Kenya.
What is the doubling time in years for Kenya?
A local credit union pays 10 percent interest compounded hourly on savings accounts. How much money will the above account question 5 contain in 30 years? The world human population has a natural growth rate r of approximately 2 percent per year. What is the world doubling time based in this growth rate? Starting with 5 billion people in , calculate the world population in the year Some rather pessimistic demographers speculate that the maximum number of people that can be sustained by land agriculture is about 40 billion.
This means that the carrying capacity K for the earth is 40 billion. Starting with a population of 5 billion in , when will the earth reach 40 billion in years? Under optimal conditions, Wolffia microscopica has a doubling time by budding of 30 hours 1. Calculate the growth rate r of W. Starting with one wolffia plant with an average volume of one cubic millimeter , calculate the final population N at the end of 4 months days.
With six offspring per female equal sex ratio and an average generation interval of 20 years, how many total offspring could a couple theoretically produce in 60 years? Referring to the above question 14, how many total people would you have in 60 years if the generation interval was increased to 30 years? If Jack and Jill have 2 children at age 20 and their children behave similarly, at age 65 they will have a total of 8 great grandchildren, 4 grandchildren and 2 children.
If they waited until age 30 to have children and their children behaved similarly , how many total descendants would they have at age 65? Table 1A. Phillips ] number in initial population N o. Table 2B. Table 2C. Wayne's Word. Noteworthy Plants. Biology Thinking Questions About Population Growth. Phillips ]. Table 1B. I f a water molecule is represented by 10 0 , then a wolffia plant is about 10 20 power larger than the water molecule.
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