logoalt Hacker News

ernst_klimtoday at 2:14 PM1 replyview on HN

> The economic system itself is incompatible with the physical reality of a finite planet

The economic reality is perfectly compatible with finite reality, because growth is not a function of resources.

An email is more economically valuable than a paper mail despite requiring much less resources (and leading to a much less CO2 emission)


Replies

uv-depressiontoday at 2:56 PM

To believe this, you must believe that the economy can become arbitrarily decoupled from any physical good. Do you believe that food can become an arbitrarily small proportion of the economy (and so arbitrarily cheap relative to income)? Steel? Purified silicon? Infrastructure like bridges?

I don't. Perpetual growth is incompatible with finite resources. Fortunately, human flourishing does not depend on infinite economic growth; there is, for example, enough food for everyone on the planet. Capitalism is just bad at allocating resources by any metric other than its own. (Yes yes, it's better that feudalism was. I think we can hold ourselves to a higher bar than that.)

show 1 reply