Reflections on 50 years of Permaculture with David Holmgren
The Poor Prole’s Almanac
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The End of Market Intelligence
"We thought once the captains of industry and the people in the know understand this limits to growth, market intelligence will start pushing up the price of resources," he says. "But actually what happened, markets have no more intelligence than the end of their nose." A huge amount of the wealth from the Middle East oil wealth was recycled through the World Bank and the IMF,. loaned to developing countries to develop their resources at record speed to pay back the interest on those loans. The world was actually flooded with new resources, which crashed the prices and triggered the third world debt crisis.
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