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regular old economics theory says that "wealth is created" via trade between parties with comparative advantages, which is basically specialization through tec
by pas 4y ago
regular old economics theory says that "wealth is created" via trade between parties with comparative advantages, which is basically specialization through technological progress.
and even on Earth we are more limited by our own politics, culture and technology (logistics, organization, management, education included) than by physics.
and if we assume we practically can't run out of new ideas/technology, new ways to make the whole economy a tiny bit more efficient, then that simply translates to infinite growth. not exponential, but growth nonetheless.
of course the critique that "GDP go up" must not be viewed as an end goal is absolutely valid. however it's simply a contradiction to say that we want more basic infrastructure for everyone, but no growth at all (or degrowth), because every new brick will be accounted as capital, every new shelter provided will be accounted as GDP in the usual model. (and of course maybe there are better models that are easier to grasp for people, but ... currently this is how all economic theories account for things and think about growth, as far as I know).