Replies to post #388143 on Tornado Alley (PROG)

[12yearplan]

Those who defend capitalism argue that, as consumption switches from goods to services, economic growth can be decoupled from the use of material resources. Last week a paper .. https://bit.ly/3mTNUsT .. in the journal New Political Economy, by Jason Hickel and Giorgos Kallis, examined this premise. They found that while some relative decoupling took place in the 20th century (material resource consumption grew, but not as quickly as economic growth), in the 21st century there has been a recoupling: rising resource consumption has so far matched or exceeded the rate of economic growth. The absolute decoupling needed to avert environmental catastrophe (a reduction in material resource use) has never been achieved, and appears impossible while economic growth continues. Green growth is an illusion.

A system based on perpetual growth cannot function without peripheries and externalities. There must always be an extraction zone – from which materials are taken without full payment – and a disposal zone, where costs are dumped in the form of waste and pollution. As the scale of economic activity increases until capitalism affects everything, from the atmosphere to the deep ocean floor, the entire planet becomes a sacrifice zone: we all inhabit the periphery of the profit-making machine.

  https://investorshub.advfn.com/boards/read_msg.aspx?message_id=166366058

".. I used to hide in a corner and cringe. But the guys in the band now are keen to play it, and you know, I'm beginning to grow accustomed to the damn thing." 

https://www.songfacts.com/facts/jethro-tull/living-in-the-past

[B402]

Innovating into the future is one thing,

Corporate greed has an end point to it, Eventually you cant cut any more, can't find the ever cheaper labor etc etc

Options are given to avoid calamity but its just like options are given to avoid environmental calamity.....Its all up to us..

The controversial MIT analysis generated heated debate, and was widely derided at the time by pundits who misrepresented its findings and methods. But the analysis has now received stunning vindication from a study written by a senior director at professional services giant KPMG, one of the 'Big Four' accounting firms as measured by global revenue.

.......

“BAU2 and CT scenarios show a halt in growth within a decade or so from now,” the study concludes. “Both scenarios thus indicate that continuing business as usual, that is, pursuing continuous growth, is not possible. Even when paired with unprecedented technological development and adoption, business as usual as modelled by LtG would inevitably lead to declines in industrial capital, agricultural output, and welfare levels within this century.”

Better get that quantum computer fired up ;)

I tell the boys that people have been calling for the end of the world forever, lol....Y2k anyone! WWI, WWII, The cold war ;)

If society ever collapses it won't be the end of the world but it will thin the herd pretty good...