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Fairy tales are ironically typically set hundreds of years ago, when wealth creation was tied to land and thus finite.

• coldtea 6y ago
  Wealth creation is still tied to land and natural resources (and bounded by those), and is thus finite, by we conveniently ignore the issue and pile up extenalities.
  • FredPret 6y ago
    We’ve had economic growth that’s not tied to land since the Industrial Revolution. Yes there are externalities. But value is being added in continually more ethereal ways.
    • coldtea 6y ago
      >We’ve had economic growth that’s not tied to land since the Industrial Revolution. Only ignoring the externalities (including a very real possibility of wiping out billions via climate change).
      • FredPret 6y ago
        You have to price those externalities pretty damn high to cancel out two centuries of exponential improvements and growth. We simply aren’t all going to die from climate change.
        • coldtea 6y ago
          >You have to price those externalities pretty damn high to cancel out two centuries of exponential improvements and growth. Improvements and growth to what? I'd say only quantity and quality of life counts. And if the increments of quantity and quality of life are offset by biblical sized climate destruction and the death/life cut short of millions and impact (in worsening life conditions) to billions (which might last for centuries), it might very well not be worth it. >We simply aren’t all going to die from climate change. "Not all going to die" is a pretty low bar though...