Biff:
Flyfisher:
This is common misconception imho. Economic growth and increasing material consumption are not the same thing. In a world where matierals are plentiful it can go this way, so sometimes does, but it need not. In a world with less plenty, growth will be primarily efficiency driven. Over time ever less material will be used to make each item, as designs are improved to achieve this. Also lower value item manufacture will be replaced by more useful items.
The Roomba robot vac is a good example of 2 of these principles. First it is much smaller & lighter, using far less material than today's vacs. 2nd it is of greater use, since it does the vacuuming job all by itself.
100 old vacs can make 100s of roombas, the utility of the same amount of material is much higher, and thus economic growth occurs.
NT
When continued economic growth is dependant on finite resources it will not continue.
Flyfisher:
I agree. It's obvious that, long term, it can't continue.
This is common misconception imho. Economic growth and increasing material consumption are not the same thing. In a world where matierals are plentiful it can go this way, so sometimes does, but it need not. In a world with less plenty, growth will be primarily efficiency driven. Over time ever less material will be used to make each item, as designs are improved to achieve this. Also lower value item manufacture will be replaced by more useful items.
The Roomba robot vac is a good example of 2 of these principles. First it is much smaller & lighter, using far less material than today's vacs. 2nd it is of greater use, since it does the vacuuming job all by itself.
100 old vacs can make 100s of roombas, the utility of the same amount of material is much higher, and thus economic growth occurs.
NT