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The empirical existence of rising marginal cost (as you point out) is not evidence of non-viability. Every economic 101 good is thought to be produced until its
by 001sky 11y ago
The empirical existence of rising marginal cost (as you point out) is not evidence of non-viability. Every economic 101 good is thought to be produced until its marginal cost is sloping upward. Economically coherent industries will continue to produce widgets. And increasing costs do not simply make an industry incoherent. Both social value ($demand/subsidization) and technology (cost/difficulty) come into play. It seems a bit arbitrary to make adverse assumptions about future ecosystems a bit more evidence.
- bronson 11y agoAbsolutely agreed. And it's a bit arbitrary to make favorable assumptions about future ecosystems (as this article does) without a bit more evidence too. Since the colonies are still collapsing without explanation, a modicum of pessimism might be understandable, even if it isn't completely justifiable.