2 ms·
> For any product you can imagine consuming, there are "obesity"-type limits to how much more of that same product you can consume before the marginal utility g
by paraschopra 7y ago
> For any product you can imagine consuming, there are "obesity"-type limits to how much more of that same product you can consume before the marginal utility goes negative. For any service you might use, similar limits apply since there are only 24 hours in a day.
Not if products are finanicalized (like equity, debt or land ownership). There's no obesity-type limit to net worth of an individual and that money allows the person to have unprecedented power to exploit actual physical resources and energy. Some, like Bezos for his Blue Origin project, decide to do so.
> We ended up with a world where widespread obesity is a problem and predicted gigadeaths from starvation did not actually happen.
This is looking at a very specific metric of human well-being. The limits of nature assert themselves in various ways. The loss of biodiversity and climate change is directly attributable to economic growth. https://www.theguardian.com/commentisfree/2019/apr/25/capitalism-economic-system-survival-earth https://www.theguardian.com/commentisfree/2019/apr/25/capita...