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In a debt-based growth-dependent (to repay ever the increasing debts) economy, it crashes everything. Turns out assuming infinite growth does not produce a stab
by Andre_Wanglin 8y ago
In a debt-based growth-dependent (to repay ever the increasing debts) economy, it crashes everything. Turns out assuming infinite growth does not produce a stable civilization. This is why there are concomitantly erstwhile calls for people to both reduce their "footprint" by not reproducing and also that immigration is crucial to every (western) society's survival.
- iandanforth 8y agoDo you know of any good example steady state economies for contrast?
- Andre_Wanglin 8y agoWhy does criticizing an impossible assumption put the onus on me to identify economies that do not make that assumption or to envision what such a state of things might look like? Is it not sufficient to refrain from obvious error?
- iandanforth 8y agoThat wasn't criticism, just curiosity. I'd like to have such an example to refer to and thought you might have one.
- magduf 8y agoIf there are any, they're probably in ancient societies, and as such are probably poorly understood now.
- InitialLastName 8y agoUnfortunately, the exponential-growth economies ate them all.