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It's a never-ending vicious cycle between the strive for more energy- and resource- efficient production of goods, and the dispersion of these efficiency gains
by bluetomcat 6y ago
It's a never-ending vicious cycle between the strive for more energy- and resource- efficient production of goods, and the dispersion of these efficiency gains through increased consumption and market expansion, both geographically and through new classes of products/services. The "airy" fiat currency together with the impersonal profit-seeking multinational corporations create this fairy-tale illusion of infinite growth, which may look efficient from the perspective of a single company, but isn't when viewed holistically on a global level.