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In the discussion thread: The Market and Mother Nature [View all]

Response to RickFromMN (Reply #1)

Wed Jan 9, 2013, 03:46 PM

3. Markets are anchored to the biophysical world.

 

That is why pretending that we can infinitely grow and just throw money at economic problems forever is a fantasy; once you hit a hard, real-world bottleneck (like declining per capita available energy) you have a stumbling behemoth that is too dependent to find a workaround (as it evolved dependence instead of resilience from past support).

I think that climate change is going to throw so many monkey wrenches into the machine that we will start hitting some serious points of diminishing returns in the economy (one obvious area is food production). It may all unravel at once

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