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The assumption of continued economic growth is what makes the numbers in dodgy ponzi economic theory work. Society will have to go to ever increasing extremes t
by cjbgkagh 3y ago
The assumption of continued economic growth is what makes the numbers in dodgy ponzi economic theory work. Society will have to go to ever increasing extremes to make it work. At some point the cost of that will exceed even the imagined gains and the economy will implode. Politically people don’t want their dose of reality so we’re stuck in a boom/bust business cycle of ever increasing amplitude. The rollercoaster we can’t get off. I think we’re already at the limits of what can be done and the social fabric keeping things together does appear to be at a breaking point.