No it doesn’t. John Mace beat me to that punch.
No it doesn’t. It refers to accumulation of value.
Correlation is not causation.
Not relevant - recall the Dutch Tulip scandal, the South Sea Bubble, etc.
Not relevant to your claims.
I think you’ve got the tail wagging the dog. Capitalism doesn’t require continuous economic growth; it produces continuous economic growth.
And the economy is not limited to just physical products. It also includes ideas. So the fact that there is a finite amount of physical material in the world creates a demand for more efficient ways to use that material.
Technology moves on.
You’ll notice that nobody is buying Model T’s anymore. Modern cars are better than Model T’s. And the cars of 2115 will be significantly better than today’s cars.
People don’t want to drive a car based on hundred year old technology. So there’s no point in manufacturing a car that will last for a hundred years.
Even if one were concerned about the amount of physical material available to us to use, I think maybe people are underestimating exactly how large this planet it.
Practically speaking, human use of the physical matter making up the Earth - even limiting it to the biosphere and the very upper skin of the lithosphere - is pretty tiny, and what we have used can often be reused over and over.
I mean, the world has some economic problems, but “running out of material to work with” is absolutely not one of them.
It all ties into the Ralfsters world view about Peak Oil. Everything he reads indicates, to him, that the end is neigh.
Whoa!
Did you look it in the mouth to see if it’s a good gift? We know that Ralfy has already beat it to death, but there might still be some value…
This is the way the world ends
This is the way the world ends
This is the way the world ends
Not with a bang but a whinny.
My current vehicle is 20 years old, and the coolest technology it has is keyless entry (which stopped working a few months ago). As much a I hate car shopping, I think it’s time…
Yes, it does. That’s the source of capital. More details in the next link.
Actually, it’s accumulation of money, and that’s money used to expand businesses. So, yes it does.
Actually, it is, unless one can show that the oil consumed was used for non-economic purposes. That is highly unlikely.
Extremely relevant, as seen in the previous financial crash, and now fears of a new one after eight years of “recovery”.
Highly relevant, unless one imagines a global economy run purely on money.
Where do you think the capital to create and expand businesses come from?
Yes, something like this:
Not even two decades:
What’s important is that incredible amounts of material resources and energy are needed to maintain such a system. In a biosphere with physical limitations, that is highly unlikely. Some details here:
Given the fact that incredible levels of energy are needed to get material resources that are deeper, then it’s the other way round.
Here’s one helpful example involving mining:
It's a long presentation but very informative.If anyone can present a peer-reviewed study that shows how future data will go against previous forecasts:
then they are welcome to do so.
I’m not looking for press releases about new technologies, visions of the future, etc., but reports on signed agreements between most countries that are ready to act on the matter.
There are a few, and one recent one shows a drop in CO2 emissions among some economies, but I don’t think that’s enough. What I think is needed is something that will fulfill at least the goals given in the IEA Outlook 2010 report.