3 ms·
I think betting on efficiency is essentially the same fallacy that he identifies in the article - that the future will solve the problems we create today. Ther
by fnordpiglet 4y ago
I think betting on efficiency is essentially the same fallacy that he identifies in the article - that the future will solve the problems we create today.
There’s also the mental exercise one can take of can we make GDP -> inf in a constrained system. Of course not. There are limits. Economics assumes no limits on growth. That’s absurd on the surface. Just like I can’t super saturate sugar into a water solution beyond a certain point, I can’t materially transform the
material provided by the earth into useful economic production irrespective of the earths limits. That seems pretty much vacuously true.
Hence his point.