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Virtual growth in a virtual economy?

Discussions about the economic and financial ramifications of PEAK OIL

Virtual growth in a virtual economy?

Unread postby DoctorDoom » Tue 02 May 2006, 14:49:46

This could be shades of things to come:

http://www.nytimes.com/2006/05/02/arts/ ... ref=slogin

I've argued for some time now that economic "growth" doesn't have to come from continued population growth and resource exploitation. This sort of thing could take that to absurd extremes.
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Re: Virtual growth in a virtual economy?

Unread postby lutherquick » Tue 02 May 2006, 15:06:16

Actually, we could have economic growth inside of an economic contraction.

If laws, taxes and government policy gave incentives for us to run around and be busy making energy and raw materials consumption more efficient, this in itself could delay peak oil, or keep the top of the peak flat for a long time until we realize things like fusion... reverse globalization, energy management, cogeneration, renewables, depopulation, switching to RR and water ways for transport of goods, all these economic sphere would grow while shrinking and collapsing other economic activity in the markets of SUVs, Mc Mansions, Caesar salads via cross country, NGO financed colored revolutions, search for wmd in Iraq, and so forth...

There will be lots of growth amongst these human ashes...
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Re: Virtual growth in a virtual economy?

Unread postby Concerned » Tue 02 May 2006, 15:54:42

$this->bbcode_second_pass_quote('DoctorDoom', 'T')his could be shades of things to come:

http://www.nytimes.com/2006/05/02/arts/ ... ref=slogin

I've argued for some time now that economic "growth" doesn't have to come from continued population growth and resource exploitation. This sort of thing could take that to absurd extremes.


Could you post a breif synopsis of this "new theory" LOL I'd love to hear it. Im sure similar concepts have been well shot down previously on this forum.

Lets take the US market if population contracted 5, 10, 15, 20% how do you think economic growth would occur for companies in food, retail, transport etc...

One growth argument with shrinking resources that is wholly abhorrent to my moral compass is that low income people (the 2 billion or so earning $1-$5 per day) could easily be displaced (read killed or dieoff) and we could use resources they would have otherwise consumed to maintan our affluent lifestyles.
"Once the game is over, the king and the pawn go back in the same box."
-Italian Proverb
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Re: Virtual growth in a virtual economy?

Unread postby ohanian » Wed 03 May 2006, 17:54:30

$this->bbcode_second_pass_quote('Concerned', '
')Lets take the US market if population contracted 5, 10, 15, 20% how do you think economic growth would occur for companies in food, retail, transport etc...


It is impossible for the population of USA to contract unless people die at a faster rate than they do at the moment.

So what is killing them? The draft? Starvation?

Remember, USA is a wheat EXPORTER nation.
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