As I commented in other thread, your argument about people having all they need could be re-phrased as a "lack of innovation". Last thing we have invented whic

As I commented in other thread, your argument about people having all they need could be re-phrased as a "lack of innovation". Last thing we have invented which consume electricity is home PC. And it was 40 years ago. Without this invention we probably observed the declining demand much sooner, but hey, large monitor and good graphic card and latest 3D shooter, this stuff rocks. But before we invented home PC, people "had everything they need", they were just unaware of 3D shooters, and your argument was as valid as today. For the last 20-30 years we had no other inventions which can convert electricity into value. And older inventions, such as fridges, got more efficient.