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For most of the modern era, capitalism justified itself through growth. Industrial societies converted vast amounts of fossil energy into production, wealth, and rising living standards. Roads, bridges, power grids, schools, and public institutions expanded alongside the economy. Inequality and exploitation remained deeply embedded in the system, but they were partly obscured by a broader story of material progress.

Greer’s assumption of slow collapse is built on shaky ground because industrial civilization differs from all past civilizations in four crucial ways.