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All else aside I mean how can they even claim to predict what an economy will do in 100 years anyway, it's going to adapt to complex higher order effects. Maybe
by noopprod 1mo ago
All else aside I mean how can they even claim to predict what an economy will do in 100 years anyway, it's going to adapt to complex higher order effects. Maybe climate change will increase GDP of everyone has to hire a worker to fan them with palm leaves.
- inigyou 1mo agoComparison: 100 years ago there was a global gold standard, Germany didn't exist, only a few people had cars, there were no computer machines no matter how rich you were, no transistors, no TV but many people listened to broadcast radio instead, stock trading was also for rich people and nobody was using the market to see how well the economy was doing, science fiction was about going to Venus because it was thought to be more habitable than Mars, protons had only just been discovered but not neutrons yet, and east of the Mediterranean was the Ottoman Empire.
- foxglacier 1mo agoBy that same trickery, Germany didn't exist 40 years ago either. Neither is very different.
- inigyou 1mo ago100 years ago Israel didn't exist.
- foxglacier 1mo ago> increase GDP of everyone has to hire a worker to fan them with palm leaves If that's how GDP worked, wouldn't it generally decrease with time as technology automates tasks? What's funny about these future cost of climate change studies is even this incorrectly-pessimistic one just say that in 2100 we'll be about as rich as we would have been in 2090. 2090 level climate-change-free wealth sounds fantastic! That's not a disaster. There are doomers who're sure it'll be the end of civilization or otherwise a huge disaster but there are no quantified predictions showing that.