4 ms·

Economy is way too much growth, as inequality and inefficiency, pollution, and resource exaustion, being mainly based on finance and speculation and not on -rea

by effed3 1y ago

Economy is way too much growth, as inequality and inefficiency, pollution, and resource exaustion, being mainly based on finance and speculation and not on -real- economy, for the good of a very small part of humanity. Has to grow in this manner even more? And with the help of AI? If some rules are not changed and a more equality model is developed, there are no more world at all.

mritterhoff 1y ago
What's your problem with growth? Growth means higher GDP which is correlated with all sorts of good things, including longer lives, and less food scarcity.
- effed3 1y ago
  i like "all sort of good things" (and more if are really available for -all-) but IMHO relating these to an aeternal even bigger growth is a big misconception, seems to me that now the bigger part of growth is going to benefits very few, and polluting/undermining the rest of the world, vanishing the "good thing" for the rest of us. I imagine growth more as a consequence of a really sane economy, capable to adapt, expand and even shrink when necessary without devastating markets and real GDP, i cannot think now 'growth' as the foundation of a real sustainable and development in the near future. Is like 'progress', a word mainly referring to speed and more speed, but never about 'direction'. Returning to AI, really can these new techs benefits all of us? I doubt. In some sectors AI techs can be a great aid (expert systems, data mining, ) but this growth of LLM things seems a big bubble, more related to speculation than others. just my 5c.
- immibis 1y ago
  Most GDP growth is just a change in price level - even inflation-adjusted GDP, since prices consistently rise faster than inflation. How does this help anyone?
  - mritterhoff 1y ago
    Higher GDP means, on average, better living conditions for the people that live in that country. This is a good thing. https://ourworldindata.org/grapher/human-development-index-vs-gdp-per-capita https://ourworldindata.org/grapher/human-development-index-v...

by effed3 1y ago

mritterhoff 1y ago

What's your problem with growth? Growth means higher GDP which is correlated with all sorts of good things, including longer lives, and less food scarcity.

effed3 1y ago
i like "all sort of good things" (and more if are really available for -all-) but IMHO relating these to an aeternal even bigger growth is a big misconception, seems to me that now the bigger part of growth is going to benefits very few, and polluting/undermining the rest of the world, vanishing the "good thing" for the rest of us. I imagine growth more as a consequence of a really sane economy, capable to adapt, expand and even shrink when necessary without devastating markets and real GDP, i cannot think now 'growth' as the foundation of a real sustainable and development in the near future. Is like 'progress', a word mainly referring to speed and more speed, but never about 'direction'. Returning to AI, really can these new techs benefits all of us? I doubt. In some sectors AI techs can be a great aid (expert systems, data mining, ) but this growth of LLM things seems a big bubble, more related to speculation than others. just my 5c.
immibis 1y ago
Most GDP growth is just a change in price level - even inflation-adjusted GDP, since prices consistently rise faster than inflation. How does this help anyone?
- mritterhoff 1y ago
  Higher GDP means, on average, better living conditions for the people that live in that country. This is a good thing. https://ourworldindata.org/grapher/human-development-index-vs-gdp-per-capita https://ourworldindata.org/grapher/human-development-index-v...