4 ms·
Sounds like Jevon's Paradox: https://en.wikipedia.org/wiki/Jevons_paradox https://en.wikipedia.org/wiki/Jevons_paradox "In economics, the Jevons paradox occurs
by monktastic1 6y ago
Sounds like Jevon's Paradox: https://en.wikipedia.org/wiki/Jevons_paradox https://en.wikipedia.org/wiki/Jevons_paradox
"In economics, the Jevons paradox occurs when technological progress or government policy increases the efficiency with which a resource is used (reducing the amount necessary for any one use), but the rate of consumption of that resource rises due to increasing demand."
- xg15 6y agoThanks for the pointer and definition. "Increasing demand" seems pretty funny when we have whole industries dedicated to artificially generating demand (e.g. marketing and advertising) and when the ultimate quality metric for a country is it's GDP - so both business as well as government will do whatever it can to keep demand from going down. Sometimes I feel we're sitting in the bus from Speed (that will explode if it goes under 50 Mph) and just realized we're headed towards a roadblock. So now we're paradoxically trying to come to a full stop and not go below 50mph at the same time and wonder why it's not working.