alt Hacker NewsClaims that ring true:
* Energy physics puts an upper bound on material wealth
* The disparity between notional and material wealth is large and growing
* Notional wealth figures are largely speculative / fictitious
Claims that could be true (if empirically verified):
* Material wealth is decreasing
* Energy is decreasing
* The monetary system will collapse
Claims that have been implied but not demonstrated or argued:
* There is a causal link between decreasing energy supplies and monetary system collapse
Overall it smells like 2004-era peak oil doomerism. I’m not saying it’s wrong, it could just be early. Intrigued but not convinced.
> * Energy physics puts an upper bound on material wealth
Sure, but that's such a high upper bound that it may as well be false from our perspective in 2025. We use a miniscule fraction of the energy we receive from the sun.