Spot on. Cheers. But we spoke these exact truths to power over 40 years ago, and were vilified for our efforts. The following piece explains why so little has been done. Mainstream economists, politicians, and corporate/banking elites created their own alternate reality (fairy tale). Meanwhile ecological reasoning suggests that your embedded collapse scenario is pretty much our destiny. http://www.paecon.net/PAEReview/issue102/Daneke102.pdf