When my father was first teaching me how to use a canoe on a stream or river, he (a former Lake Michigan Sea Scout) pointed out that on moving water you can either maintain navigational control by moving faster --or by moving slower -- than the flowing water.
Charles Hugh Smith here is talking about the human energy-based economy, not moving water, but suggests that striving to move as slow or slower than the daily energy input to the planet by focusing on efficiency increases, rather than energy source expansions ('renewable' expansions or not), seems a much better practical solution to the main economic problems facing humanity.
Whether the planet is currently being destroyed or not is an entirely separate question to my mind, Smith's attention-grabbing use of the phrase in the title of his piece notwithstanding.
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