I’ve posed a question in the title of this week’s Sunday Train that I have no intention of answering myself.
The first thing you may have noted is that the title presumes a “Great 2017 Policy Unlock” that is by no means certain. And assuming an event in a title as a lead-in to talking about the likelihood of that event is a long-standing internet link-bait practice.
The second thing, however, is that even that would be focusing on political fortune telling, and the Sunday Train is not normally about making guesses about what will happen. It is more often focused on policy in the sense of thinking about what should happen and, sometimes, what we can do to make it more likely to happen.
The foundation of the Sunday Train is the premise that on our current track, with our current transport and energy systems, we are driving the possibility of retaining a national, modern, industrial economy over a cliff. We are doing that in three ways:
- Our Energy Production and our Transport Systems combined are responsible for a majority of our CO2 emissions, and even if we converted everything else in our economy to be 50% carbon negative ~ sequestering 50% as much CO2 as it present emits ~ our current Energy and Transport systems would be sufficient to drive the globe far enough into Climate Crisis to bring down our national industrial economy;
- And the world has hit Peak Petroleum Production, as is clear from the variety of “scraping the bottom of the barrel” oil and oil-replacement exploitation efforts taking place today, and has started to slide down the other side of the peak, so that an economy as exposed as our own to oil price shocks is going to lose massive ground compared to competing economies that are already positioned to shelter themselves from the impact of oil price shocks
- And we are heading toward the Energy Return on Investment cliff for the fossil fuels we produce ourselves that our current Energy and Transport systems relies upon, and as we slide down that cliff, the economic benefit of that domestic fossil fuel production will progressively decline, leaving us behind any national economies or continental economic systems that seriously pursue sustainable, renewable energy sources that are seeing growing Energy Return on Investment, due to technological progress.
Pick your poison, since any one of them is serious enough to either drive the US economy from the ranks of the core economies into the ranks of the semi-peripheral economies, or even to eliminate our ability to retain a national economy at all.
Given that premise, the “odds of success” in a political forecasting sense is not the focus of the Sunday Train. The focus is rather the prospect for improving those odds. Whether that is improving the odds from a 50% chance of success, or a 1% chance of success to a 2% chance of success, in either event it is worth the investment in effort to try … whether the mere 1/5 improvement in the odds, or the more impressive doubling in the odds, what is won in the event of a win is such a jackpot that its worth the effort to simply improve the odds a little bit.