3 ms·
Nonsense. Capital is ownership of raw materials and means of production, even if we use money to track that effectively. Capital comes from natural resources mo
by quadrangle 8y ago
Nonsense. Capital is ownership of raw materials and means of production, even if we use money to track that effectively. Capital comes from natural resources more than anything else. Consuming those resources destroys capital rather than generating it — except when the consumption is an investment that increases our access to more resources (i.e. using oil to run equipment to get more oil as well as examples that aren't the same resource).
If we live more consuming lifestyles, we drive up the demand for resources which could increase the motivation of people to get them and thus drive economic growth short-term, until/unless we use up the resources entirely. And that all still ignores externalized costs (pollution and other harms) that can come from the extra consumption.