Kunstler hits the nail on the head in his weekly post:
Housing starts may still be weak, but the “gaming” industry is making great strides in places like the old Puritan commonwealth of Massachusetts, so soon we’ll have a virtually automatic economy of leisure-and-entertainment paid for by creaming off a small percentage of the quarters pumped into video slot stations. No doubt the Chinese will be jealous and try to imitate us.
The fact that we continue to sink millions of dollars a year into activities that rely on the continuance of the age of happy motoring is truly reckless. Accountability across North America for long term decision-making – at all levels of government and public and private corporations – may well be going to the dogs. Even the best intentioned stimulus or growth plans likely fail to meet the basic needs of a community in a future with less abundant fossil fuels.