So, anyhow, here we are, living in a world of Peak Oil, more and bigger impending oil shocks, and eventual extraordinary misery. What, at this very late moment, remains “the world’s primary manufacturing industry?” That’s right: the one that turns out 4,000-pound petroleum and coal burning machines that sit idle for 95 percent of their lives.
In fact, the news is worse than that. The car industry is not just still #1. It is still expanding:
A new J.D. Power forecast said global auto sales will likely set a new record this year.
The consulting firm said it expects global light vehicle sales of 76.5 million units in 2011, 6% higher than the existing record of 72 million light vehicles sold in 2010.
And somebody said capital is heedless of the health and welfare of the species, unless compelled by society!