Demand Destruction In India
I think Jeff is wrong on this one. If you’re only looking at the narrow slice of the picture that is readily clear, it is sure to reveal a collection of upward sloping trendlines. The Indian economic ecosystem is simply not vibrant enough to flourish on its own.
The problem is you’re missing out on all the noise the country is generating – political, economy, societal instability, etc. Structural instability coupled with a plethora of dissidents wielding advanced destructive capability in an era of declining energy availability will crash that economy.
As opposed to what Jeff implies, demand destruction in India and China won’t allow for “a more gradual response to energy scarcity” but will actually exacerbate the situation.
-Shlok
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