alt Hacker NewsTo 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.)
> Do you believe that food can become an arbitrarily small proportion of the economy
This is not necessary at all for economic growth to be infinite. Food prices can "inflate" and so stay at, let's say 20%, of the economy while the amount of physical food being produced remains flat year after year. That's sort of what's happening with housing, education, and healthcare already.
I think seeing prices go up like this makes people unhappy, but what really matters is what portion of a person's income this stuff occupies.