4 ms·
not sure that we cannot allocate capital, the previous generation harvested most of the low hanging fruits, it can be argued that most modern progress needs mor
by folbec 7y ago
not sure that we cannot allocate capital, the previous generation harvested most of the low hanging fruits, it can be argued that most modern progress needs more and more energy, and we are on a path of diminishing returns.
See the various options under :
https://en.wikipedia.org/wiki/Secular_stagnation https://en.wikipedia.org/wiki/Secular_stagnation
and
https://en.wikipedia.org/wiki/Energy_returned_on_energy_invested https://en.wikipedia.org/wiki/Energy_returned_on_energy_inve...
the world is not infinite, and economic growth can not be infinite.
I have no proof if we are effectivelly at "the limits to growth" or not. It sure starts to feel like it.