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Take a look at the Nikkei 225, it still hasn't recovered from its high in 1991. Your assumption is we have infinite growth on a finite planet, which unfortunat
by andreilys 7y ago
Take a look at the Nikkei 225, it still hasn't recovered from its high in 1991.
Your assumption is we have infinite growth on a finite planet, which unfortunately is not the case. Eventually the party will be over, and you'll be left with the tab.
- defnmacro 7y ago> infinite growth Assuming growth is linearly correlated with resources. It's not, wealth can be created though cognitive effort i.e. software engineering. > finite planet Assuming humans are bounded to Earth for growth. The markets are the collective reflection of humanities productive efforts in the form of currency. Saying that growth will cease to exist in the future is the same as saying humanity will cease to be productive, a bet I am not personally willing to make.
- balt_s 7y ago>Your assumption is we have infinite growth on a finite planet, which unfortunately is not the case You're arguing against an implicit faith in the civic religion of infinite growth, and the cognitive dissonance this causes.
- UncleMeat 7y agoDoesn't it seem odd that this one example is used every single time people want to make this argument? This is the sort of "the exception proves the rule" situation. Extremely long down periods in established economies are so uncommon that we really only have this one example to use over and over.