Heinberg – good as usual.

http://richardheinberg.com/museletter-228

(it’s where I pulled the Jevons clip in the last post from).

an excerpt:

“China’s leaders are aware of the pitfalls of pursuing the Japanese development model, and have issued a comprehensive slate of reforms to foster consumption and curb excessive capital investment. But these efforts will only work if the U.S. and the rest of the world return to a path of growing consumption. If not, China’s choices may be limited. An export-driven economy can only succeed if others can afford to import”.

That last sentence should be a warning to both major parties in NZ.

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