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The Folly of Growth - New Scientist

Discussions about the economic and financial ramifications of PEAK OIL

Re: The Folly of Growth - New Scientist

Postby Ibon » Thu 30 Oct 2008, 06:40:16

$this->bbcode_second_pass_quote('BlisteredWhippet', ' ')"THEY" are too smart to allow the world to be trashed by petty wars that go nowhere, that accomplish nothing but further destruction. .


Lovely courageous prose and rational without the sweet moral and ethical icing that usually makes ones tooth ache. But I just find it difficult to see any elite as smart enough to pull it off. Even the most rational noble scientists are biassed by enough "humanity" to fail in this science fiction scenario you postulate regardless of how much they see the greater good of the planet. This is a Star Trek episode and nothing more.
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Re: The Folly of Growth - New Scientist

Postby mos6507 » Thu 30 Oct 2008, 09:41:16

$this->bbcode_second_pass_quote('TonyPrep', '
')The insane think they are the only sane people.


Never was a truer statement made.
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Re: The Folly of Growth - New Scientist

Postby MrBean » Thu 30 Oct 2008, 14:40:27

$this->bbcode_second_pass_quote('mos6507', '')$this->bbcode_second_pass_quote('TonyPrep', '
')The insane think they are the only sane people.


Never was a truer statement made.


I KNOW I'm sane - so all those people wearing white coats and asking me stupid questions must be insane. :)
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Re: The Folly of Growth - New Scientist

Postby TonyPrep » Fri 31 Oct 2008, 00:25:40

$this->bbcode_second_pass_quote('cube', '')$this->bbcode_second_pass_quote('TonyPrep', '')$this->bbcode_second_pass_quote('cube', 'N')obody with their sanity still in place would want it.
The insane think they are the only sane people.
You talk tough but you are obviously not living up to what you're preaching.
The fact that you're currently using the internet is proof you rely on others.
Imagine all the millions of technicians who repair and maintain modern infrastructure just so you can sit there and happily type on your computer.
It is *YOU* who have lost your sanity if you believe you can survive without relying on others.
you are wasting my time

good bye
Goodby, cube. For others, I didn't say all of us can survive without relying on others, but cube chooses to interpret it that way, since he or she wants business as usual to continue.

It may not be possible to have true freedom for everyone, but then everyone may not want true freedom. Our current society depends on some people having more control over the fates of others. Virtually from birth we're told to get a good education so we can get a good job, so that we can rely on someone else paying us so we can by food and shelter provided by someone else. That dependence gives power to a few people. If we each had the skills to be self reliant, the power of the minority would evaporate.

The closer each of us, and the groups and communities we choose to live in, can get to self reliance, the more freedom we will have.
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Re: The Folly of Growth - New Scientist

Postby MrBill » Fri 31 Oct 2008, 05:04:32

You're right, Tony. The uneducated masses in places like India's slums have real freedom. They do not have to rely on anyone. They do not waste time going to school to read and write. Heck, they can start sewing buttons on clothes when they are five years old. They're all independent contractors. Self-made boys and girls. Something we should all aspire to for our children.
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Re: The Folly of Growth - New Scientist

Postby TonyPrep » Fri 31 Oct 2008, 06:37:41

If they're self reliant, then they are free. If they're not, then they're still dependent on others, and that would be the cause of their misery, if they are miserable.

I see that you like to be dependent on others, MrBill. That's fine, too. It takes all sorts to make a world.
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Re: The Folly of Growth - New Scientist

Postby MrBill » Fri 31 Oct 2008, 06:49:37

$this->bbcode_second_pass_quote('TonyPrep', 'I')f they're self reliant, then they are free. If they're not, then they're still dependent on others, and that would be the cause of their misery, if they are miserable.

I see that you like to be dependent on others, MrBill. That's fine, too. It takes all sorts to make a world.


Self-reliant in an interconnected world with a high degree of labor specialization. Yes, my dependence on others raises my standard of living and makes life more enjoyable. My self-reliance means I do not take that for granted. Its all about balance. Live and let live.
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Re: The Folly of Growth - New Scientist

Postby Quinny » Fri 31 Oct 2008, 06:53:38

This thread seems to have lost track a bit as it was originally about the folly of growth.

The current discussion re independence is a sideline to the growth issue. IMO no man is an island, but we should all strive to be as independent, but recognise that relationships with others is key. I quite like the term interdependance.

Some are saying that growth has to occur for 'the economy' to continue and that stasis will not work. I think this shows we have to re-model what we mean as the economy, as resource depletion will prevent growth.

If you are arguing for growth, then you can show the reasons for it, but you must also basically disagree with Peak Oil. My first post was to ask people to please prove Peak Oil theory wrong, come up with an alternative. No real alternatives (IMO) were given as most arguments seemed to be tech fixes that don't take into account the economic arguments.

Now approaching it from an economic POV people are saying that growth is needed.

Is the Crash Course bollocks? I can see that it might be flawed in some aspects, but the basic arguments strike a chord with me.

Those arguing for economic growth in times like this seem to be cornucopian in the extreme!
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Re: The Folly of Growth - New Scientist

Postby MrBill » Fri 31 Oct 2008, 07:06:41

RE Growth. Answer originally posted In Defense of Capitalism where I argue it is the definition not the concept of growth that is faulty.
$this->bbcode_second_pass_quote('MrBill', '')$this->bbcode_second_pass_quote('Novus', 'I') can't believe anyone with a sound mind would still defend capitalism. Like a dog going back to its own vomit I guess.

Even a child understands you can't have infinite growth in a finite world.


It is going to be a rude awakening then to realize that capitalism, socialism, communism and fascism all depend on economic growth. All systems whether natural or financial depend on new inputs. Without new inputs they collapse. Entropy rules.

So regardless of the political system in charge the economy relies on growth. Either unsustainable growth in which case it will collapse eventually. Or sustainable growth. On a finite planet sustainable growth is the only real alternative. Infinite growth is not necessary and in any case not possible.

Growth over time such as a sustainably harvested forest, or a field that is farmed in a sustainable manner through crop rotation and rebuilding and replenishing the soil are examples growth over time. Renewable resources like fishing and seafood if properly managed are another. These are examples of perpetual growth. Growth over time. Without perpetual growth we will all die regardless of who is nominally in charge politically and regardless of their ideology.

So teach your child the difference between infinite growth and perpetual growth, and while you're at it, teach them the difference between ideology and economics.

Post peak oil resource depletion and climate change just compound to make sustainable growth that much more difficult to achieve. That fact that very few of us are even thinking about it, much less working in that direction, is in my opinion just that much more depressing. Tomorrow will soon be here.
$this->bbcode_second_pass_quote('', ' ')Oct. 30 (Bloomberg) -- Worldwide oil production might
reach its peak within five years, after which supply could
decline rapidly, according to a report by a task force set up
by several U.K. companies, the Guardian reported.
The report evaluates assessments of future oil output by
Chris Skrebowski, the consulting editor of Petroleum Review,
and by Royal Dutch Shell Plc, the newspaper said.
Skrebowski forecasts that production will peak between
2011 and 2013 and then decline, whereas Shell foresees
production rising until 2015 and then stabilizing until the
2020s, the Guardian said.
The task force concludes that Skrebowski's prediction is
probably correct, the newspaper said.
The group was established by companies incuding Virgin
Group Ltd., Stagecoach Group Plc, Firstgroup Plc, Arup
Associates Ltd., Foster & Partners, Scottish & Southern Energy
Plc and Solar Century Holdings Ltd., the Guardian added.
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Re: The Folly of Growth - New Scientist

Postby TonyPrep » Fri 31 Oct 2008, 07:12:20

On a finite planet, economic growth is not sustainable. Some think that resources can be substituted at the same utility and scale as the original for so long as to make a nonsense of claims of limits to growth. Some people think it's possible to grow forever without adversely affecting our biosphere. Some people will come up with all sorts of exotic technological fixes to keep growth going. Many people concentrate on transportation fuels alone, or on energy alone thinking that it is the only problem or that enough energy can effectively allow resources to be created. Some people are convinced we will mine other off-earth bodies and inhabit other worlds.

All of the never-ending growth arguments require a large dose of wishful thinking, in my opinion. For this reason, I've never found them very convincing, even though it would make my life a lot easier, if they were true.

You will also hear the rather odd argument that because people won't accept reduced living standards (separate from quality of life), then growth must continue.
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Re: The Folly of Growth - New Scientist

Postby TonyPrep » Fri 31 Oct 2008, 07:19:30

$this->bbcode_second_pass_quote('MrBill', 'O')r sustainable growth. On a finite planet sustainable growth is the only real alternative. Infinite growth is not necessary and in any case not possible.

Growth over time such as a sustainably harvested forest, or a field that is farmed in a sustainable manner through crop rotation and rebuilding and replenishing the soil are examples growth over time. Renewable resources like fishing and seafood if properly managed are another. These are examples of perpetual growth.
Sorry, I don't understand this. Are you talking about the growth of the living things being harvested or of being able to increase such harvests forever?

If it's the former, then I wouldn't use the word growth, as it is confusing, economically. Such growth is zero growth for the economy. Sustainable growth is an oxymoron. Every thing must stop growing eventually, even if there is a constant cycle of birth followed by growth until death.
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Re: The Folly of Growth - New Scientist

Postby galacticsurfer » Fri 31 Oct 2008, 07:51:11

So given PO and peak coal and Peak Nat Gas and depletion of aquifers and soil erosion and growing population then growth is not the issue but declining per capita wealth or shrinkage in per capita real GDP (forget funny govt. statistics). So we get to how do we decline to a sustainable per capita GDP, gracefully or not?

In the coming emergency either cooperation or war will take place, regardless of which comes, hardship and inventiveness will be completely unavoidable. Due to massive overshoot and degradation of vital resources undershoot of population is entirely likely until a sustainable balance is again acheived. This process to come through to the other side is the bottleneck. We hear about this in regards to extinction events, where only a few speices survived to thrive afterwards in a relatively empty environment.

What civilizational model will be successful, at which level and intensity of energy use and population?

We come to the question of using up scrap on the decline, forgetting old techniques and technologies and learning new-old handicrafts on the way up into the new civilizational mode. Perhaps our great-great grandchildren will look at our present way of life as mythic or decadent depending on personal whim. At any rate fate as in a Greek tragedy will always be brought up as the deciding factor. Hubris before the Gods (whoever or whatever they call them) and unlimited greed and shortsightedness will be cited as the object lesson when one retells the story by the fireside of the ruins of the skyscrapers and huge overpasses.
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Re: The Folly of Growth - New Scientist

Postby MrBill » Fri 31 Oct 2008, 08:58:59

$this->bbcode_second_pass_quote('TonyPrep', '')$this->bbcode_second_pass_quote('MrBill', 'O')r sustainable growth. On a finite planet sustainable growth is the only real alternative. Infinite growth is not necessary and in any case not possible.

Growth over time such as a sustainably harvested forest, or a field that is farmed in a sustainable manner through crop rotation and rebuilding and replenishing the soil are examples growth over time. Renewable resources like fishing and seafood if properly managed are another. These are examples of perpetual growth.
Sorry, I don't understand this. Are you talking about the growth of the living things being harvested or of being able to increase such harvests forever?

If it's the former, then I wouldn't use the word growth, as it is confusing, economically. Such growth is zero growth for the economy. Sustainable growth is an oxymoron. Every thing must stop growing eventually, even if there is a constant cycle of birth followed by growth until death.


I am sorry that I carefully explained what I meant, and you still do not understand the difference between unlimited (or infinite) growth and sustainable growth over time.

I gave several examples of sustainable growth, so, no, it is not an oxymoron. Growing seasons supplied by solar energy are an example of sustainable growth over time. If harvested in a sustainable manner they can go on producing forever or until the sun goes supernova whichever comes first. And, no, it is not zero growth for the economy. The same field producing a harvest year after year is not the same as that field yielding one harvest and then being abandoned.

If you cannot grap the concept of sustainable growth, and good stewardship of the renewable resources that we have, then I am sorry I cannot help you. Maybe it is your reading comprehension skills or an ideological mental block?

G-surfer wrote:
$this->bbcode_second_pass_quote('', 'S')o given PO and peak coal and Peak Nat Gas and depletion of aquifers and soil erosion and growing population then growth is not the issue but declining per capita wealth or shrinkage in per capita real GDP (forget funny govt. statistics). So we get to how do we decline to a sustainable per capita GDP, gracefully or not?


Well, yes, that is the question. Rapid die-off is the default option if we do nothing to prepare for post peak oil resource depletion and climate change. Those events combined with still increasing populations will surely tip us over the edge to economic and environmental collapse within 20-40 years if we do not address all three problems at once. Unfortunately, we are still fighting the culture wars of the 60s as well as debating evolution versus creation, so the clock is ticking, and I am not filled with a can-do spirit to be honest.
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Re: The Folly of Growth - New Scientist

Postby yesplease » Fri 31 Oct 2008, 10:26:44

$this->bbcode_second_pass_quote('TonyPrep', '')$this->bbcode_second_pass_quote('yesplease', 'I') haven't considered how many grains of sand are in the Sahara, but that doesn't mean I think we have an infinite amount of sand in the Sahara. Similarly, just because someone doesn't consider something like natural gas reserves doesn't mean they believe in infinite natural gas.
I agree. Since that's not relevant to what I said, I don't know why you raise it.
It's addressing precisely what you said. I said that not considering something is not the same as acting as if it's infinite, and you stated it was.$this->bbcode_second_pass_quote('TonyPrep', '')$this->bbcode_second_pass_quote('yesplease', 'S')imply not considering something is not the same as acting something is infinite.

Sure it is.

$this->bbcode_second_pass_quote('TonyPrep', 'H')ow would you act differently, if you believed in infinite resources, versus simply never considering if resources are limited? Or how do you think most people would act differently?If people believed that we had an infinite amount of oil, why would they pay more for it? There is an infinite amount of it, so paying for something that there is no limit to is pointless. Economics is based on the relationship between scarcity of many different resources, and well as human attributes like skills and time. No one I know of behaves as if we have infinite anything, regardless of what they may say.
$this->bbcode_second_pass_quote('TonyPrep', '')$this->bbcode_second_pass_quote('yesplease', 'P')lacing liability solely on the government to regulate economic activity/rebuilding is an incorrect generalization.Do all the articles do that? If not, which article does that, and why do you regard it as a generalization, rather than simply disagreeing with the proposed solution?There is no proposed solution in any useful sense, just this statement.$this->bbcode_second_pass_quote('', 'A')s politicians reconstruct the global economy, they should take heed. If we are to leave any kind of planet to our children we need an economic system that lets us live within our means.Which is flawed in two ways. Simply put, politicians do not re/construct the global economy, the global economy re/constructs the global economy. Picking one group out of everyone and putting responsibility on 'em is nuts. Furthermore, regardless of what the economy does, it is still our choice whether we live within our means, not a choice politicians need to, or can, make for us.
$this->bbcode_second_pass_quote('TonyPrep', '')$this->bbcode_second_pass_quote('yesplease', '[')url=http://www.eia.doe.gov/emeu/cabs/carbonemiss/images/chp1_figure19.jpg]This[/url] must be one of those rare examples you're referring to.Clearly not, since it doesn't show overall consumption.That is a total straw man. The article (what I was referring to) did not refer to overall consumption. It stated.$this->bbcode_second_pass_quote('', 'M')ore growth means using more resources.Which is not true. More growth can happen w/o using more resources.
$this->bbcode_second_pass_quote('TonyPrep', ' ')I was referring to the rare cases when overall global consumption of energy did not grow, whilst the economy did. You said "Similarly, we can have economic growth w/o increased resource consumption". And I was referring to the statement the article made, which you are not talking about, since you are referring to overall energy consumption, not the impossibility of economic growth while using the same amount of resources.
$this->bbcode_second_pass_quote('TonyPrep', 'T')hat you then attached a "per unit GDP" to that claim does not show that resource consumption can remain constant with economic growth.Of course it does. even If we hold energy consumption constant, we can still see economic growth. I'm not saying that we will, just that over the past few decades global GDP growth compared to energy growth has shown that we can, which the article said we couldn't. A blatant contradiction.
$this->bbcode_second_pass_quote('TonyPrep', '')$this->bbcode_second_pass_quote('yesplease', 'A')ny improvement is better than the alternative.No it isn't. If improvements don't lead to sustainability, they can only stretch out the time before we need to do something significant.Which is an improvement over having less time to do something significant. Since no one improvement or group of improvements will lead to complete sustainability, whatever that is, we will have to spend time becoming more sustainable, which will stretch out the time we have to become sustainable. That's just the way the world works. We can't instantaneously become sustainable, it'll take time.
$this->bbcode_second_pass_quote('TonyPrep', 'I')n the meantime, we have become even more dependent on resources, because a greater amount of GDP in reliant on the same amount of resource and we still have a society that is dependent on economic growth.If we are even more dependent on unsustainable resources/economic growth than by definition we did not improve, which could happen, but isn't what I was talking about.
$this->bbcode_second_pass_quote('TonyPrep', '')$this->bbcode_second_pass_quote('yesplease', 'I')n fact, in order to achieve sustainability, we have to make significant changes/improvements. If we had your opinion that improvements are only relevant given other circumstances, then we'll likely never become sustainable.That's illogical. Only if the "improvements" (the use of the word is debatable) are geared towards achieving sustainability will they be relevant. If the target is to continue growth, they are irrelevant, since sustainability will not be reached through such "improvements".I never said they couldn't be geared toward sustainability, in fact that's something of a requirement when having an improvement in sustainability. What I was saying is that if we adopt your position, that improvements in sustainability are only worthwhile with zero population growth, then we would be needlessly limiting ourselves.$this->bbcode_second_pass_quote('TonyPrep', 'T')hat's only of relevance if population growth is zeroSure, we may not see zero population growth now, but that doesn't mean it's pointless to not improve sustainability in other arenas. Doing so would be needlessly limiting sustainable improvements. Stating that improvements in sustainability are only relevant if population growth is zero is illogical. There is no need to wait for zero population growth before making other parts of society more sustainable.
$this->bbcode_second_pass_quote('TonyPrep', '')$this->bbcode_second_pass_quote('yesplease', 'F')or example, human population growth has been decreasing over the last few decades since it's peak in the 80s, and will continue to decrease in the future.Population growth has not decreased for 5 years.Human population growth has decreased since it's peak in the 80s.
$this->bbcode_second_pass_quote('TonyPrep', '')$this->bbcode_second_pass_quote('yesplease', 'R')egardless of what population does, living in a more sustainable manner is better than doing nothing.Sounds reasonable, except that unless "more sustainable" equals "sustainable", how is it better, and what does it even mean?It's what we're going to have to do until we become sustainable. Unfortunately, we cannot become sustainable in an instant, as much as we may want to, so we're going to have to become more sustainable until we are sustainable.
$this->bbcode_second_pass_quote('TonyPrep', '')$this->bbcode_second_pass_quote('yesplease', 'S')o you think it's correct that we need more energy for more growth, even though we've used less energy for the same amount of growth over the last twenty five to thirty yearsReference please. I've never seen stats that show that. Or are you referring to growth per unit of GDP again?I'm not referring to growth per unit GDP again since I never referred to it in the first place. I'm referring to energy use per unit GDP, which has dropped over the past ~few decades, and was included in the last post.
$this->bbcode_second_pass_quote('TonyPrep', '')$this->bbcode_second_pass_quote('yesplease', 'o')ver the past few decades have shown that we can have more economic growth given the same resources on a world wide scale.Reference please.Previous post.
$this->bbcode_second_pass_quote('TonyPrep', '')$this->bbcode_second_pass_quote('yesplease', 'S')tating stuff that's shown to be blatantly wrong via common sense or a few minutes of g00gling is just silly.Not sure why you posted this random comment.It wasn't random. It referred to the blatantly wrong portions of the article you originally posted.
$this->bbcode_second_pass_quote('TonyPrep', '')$this->bbcode_second_pass_quote('yesplease', 'N')o one believes we can consume resources infinitely, so yes, stating that isn't helpful.Wrong on two counts. If most people haven't considered limits to growth then it's helpful to point it out, so that they may themselves change behaviors and press their leaders for sustainable strategies.That is a logical fallacy. Limits to growth are not the same as assuming everyone believes in consuming resources infinitely. Of course pointing out limitations in different arenas is useful. Assuming that everyone else believes in infinite growth isn't.
$this->bbcode_second_pass_quote('TonyPrep', '')$this->bbcode_second_pass_quote('yesplease', 'T')hey might as well write articles about how we can't mine the moon for Cheddar.Well, now, that would be silly, as was your comment.Well TonyPrep, one good turn deserves another. if newscientist is making illogical and silly statements about who should be responsible for sustainability, or how we can't have more growth w/o more resources, even though we clearly can through gains in efficiency, I will compare it to equally silly statements. Unlike you, I don't take every editorial about sustainability as cannon. If they include glaring mistakes, unreasonable assumptions regarding responsibility, and even infinite time, I'm going to criticize them.
$this->bbcode_second_pass_quote('TonyPrep', '')$this->bbcode_second_pass_quote('yesplease', 't')he assumtion that everyone but a select few believe in infinite growth.But the assumption, in terms of how people act, is spot on.You know that the assumption is spot on? How? The only way you would know that nearly everyone but a few believe in infinite growth would require you to know precisely what nearly everyone else in the world thinks. Do you honestly expect me to believe that you can read the minds of most of the human race? :roll:
$this->bbcode_second_pass_quote('TonyPrep', '')$this->bbcode_second_pass_quote('yesplease', 'F')or the most part, all it makes the person look like is a jerk.Wow, that's tough talk. And completely ridiculous.Yeah sure meng...$this->bbcode_second_pass_quote('yesplease', 'J')ust because someone doesn't have an opinion about something doesn't mean that they believe in something about it, in this case that stuff is infinite. For the most part, all it makes the person look like is a jerk.When people don't have a opinion about something, they must have an opinion about something. If people haven't thought about infinite growth, they must believe in infinite growth. Sure, it's a logical contradiction, but what use would you have for logic? ;) :lol:
$this->bbcode_second_pass_quote('Professor Membrane', ' ')Not now son, I'm making ... TOAST!
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Re: The Folly of Growth - New Scientist

Postby MrBean » Fri 31 Oct 2008, 10:50:20

If someone want's to define dynamic natural balance based on input of solar energy as "growth", then fine, semantics schemantics.

What usually is meant by economic growth is, for example, any system based on usury aka taking interest on loan. Most simplest mathematical truth is that any usury system must grow at least the amount of interest to stay functional. Normally at the expence of other systems, hence usury leads to imperialistic cancerlike growth.

It's that simple.
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Re: The Folly of Growth - New Scientist

Postby MrBean » Fri 31 Oct 2008, 11:02:41

$this->bbcode_second_pass_quote('yesplease', ' ')even If we hold energy consumption constant, we can still see economic growth. I'm not saying that we will, just that over the past few decades global GDP growth compared to energy growth has shown that we can, which the article said we couldn't. A blatant contradiction.


Never mind that GDP numbers are notoriously unreliable. More to the point is that if somebody want's to call exponentially increasing debt circulation "economic growth", that someone has no idea why the house of cards built on debt circulation is now collapsing.
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Re: The Folly of Growth - New Scientist

Postby yesplease » Fri 31 Oct 2008, 15:58:14

$this->bbcode_second_pass_quote('MrBean', '')$this->bbcode_second_pass_quote('yesplease', ' ')even If we hold energy consumption constant, we can still see economic growth. I'm not saying that we will, just that over the past few decades global GDP growth compared to energy growth has shown that we can, which the article said we couldn't. A blatant contradiction.
Never mind that GDP numbers are notoriously unreliable. More to the point is that if somebody want's to call exponentially increasing debt circulation "economic growth", that someone has no idea why the house of cards built on debt circulation is now collapsing.
Unreliable how specifically? No one is calling exponentially increase debt circulation "economic growth" In fact the recent credit crisis/crunch dialed in a roughly $20 trillion buck "adjustment" in world equity markets last I checked. Course, over/under-valuation in equity markets isn't anything new. The term Bear/Bull markets didn't come from the void of nothingness. ;)
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Re: The Folly of Growth - New Scientist

Postby MrBean » Fri 31 Oct 2008, 16:06:28

$this->bbcode_second_pass_quote('yesplease', '')$this->bbcode_second_pass_quote('MrBean', '')$this->bbcode_second_pass_quote('yesplease', ' ')even If we hold energy consumption constant, we can still see economic growth. I'm not saying that we will, just that over the past few decades global GDP growth compared to energy growth has shown that we can, which the article said we couldn't. A blatant contradiction.
Never mind that GDP numbers are notoriously unreliable. More to the point is that if somebody want's to call exponentially increasing debt circulation "economic growth", that someone has no idea why the house of cards built on debt circulation is now collapsing.
Unreliable how specifically? No one is calling exponentially increase debt circulation "economic growth" In fact the recent credit crisis/crunch dialed in a roughly $20 trillion buck "adjustment" in world equity markets last I checked. Course, over/under-valuation in equity markets isn't anything new. The term Bear/Bull markets didn't come from the void of nothingness. ;)


You can check shadostats.com etc. for specifics on the many ways how inflation and GDP etc. are miscalculated.

It's interesting to see that the credit bubble began to swoon just after oil production/capita peaked, in 1979.

For all practical reasons, that was the real PO. And everything ever since has been borrowed time.
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Re: The Folly of Growth - New Scientist

Postby TonyPrep » Fri 31 Oct 2008, 16:38:31

$this->bbcode_second_pass_quote('MrBill', 'I') am sorry that I carefully explained what I meant, and you still do not understand the difference between unlimited (or infinite) growth and sustainable growth over time.
Apology accepted, but perhaps you could try to be more descriptive, in future?

$this->bbcode_second_pass_quote('MrBill', 'I') gave several examples of sustainable growth, so, no, it is not an oxymoron. Growing seasons supplied by solar energy are an example of sustainable growth over time. If harvested in a sustainable manner they can go on producing forever or until the sun goes supernova whichever comes first. And, no, it is not zero growth for the economy. The same field producing a harvest year after year is not the same as that field yielding one harvest and then being abandoned.
I don't think anyone suggested that economic growth would require the equivalent of a field being abandoned after producing for one year. So what you are talking about is producing the same amount year after year. Which would be zero economic growth in most people's language. Calling it sustainable growth because some of that production is life form growth is misleading.

$this->bbcode_second_pass_quote('MrBill', 'I')f you cannot grap the concept of sustainable growth, and good stewardship of the renewable resources that we have, then I am sorry I cannot help you. Maybe it is your reading comprehension skills or an ideological mental block?
Oh, I can grasp it easily enough. It's just that what you call sustainable growth is really zero growth for society/the economy, as a whole. And I'd agree with all this, provided non-renewable resources aren't consumed at anything but an inconsequential amount, in the process of this "sustainable growth".
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Re: The Folly of Growth - New Scientist

Postby Quinny » Fri 31 Oct 2008, 16:42:26

For once its you that's getting a bit confused MrBill you are not describing economic growth!

$this->bbcode_second_pass_quote('MrBill', '')$this->bbcode_second_pass_quote('TonyPrep', '')$this->bbcode_second_pass_quote('MrBill', 'O')r sustainable growth. On a finite planet sustainable growth is the only real alternative. Infinite growth is not necessary and in any case not possible.

Growth over time such as a sustainably harvested forest, or a field that is farmed in a sustainable manner through crop rotation and rebuilding and replenishing the soil are examples growth over time. Renewable resources like fishing and seafood if properly managed are another. These are examples of perpetual growth.
Sorry, I don't understand this. Are you talking about the growth of the living things being harvested or of being able to increase such harvests forever?

If it's the former, then I wouldn't use the word growth, as it is confusing, economically. Such growth is zero growth for the economy. Sustainable growth is an oxymoron. Every thing must stop growing eventually, even if there is a constant cycle of birth followed by growth until death.


I am sorry that I carefully explained what I meant, and you still do not understand the difference between unlimited (or infinite) growth and sustainable growth over time.

I gave several examples of sustainable growth, so, no, it is not an oxymoron. Growing seasons supplied by solar energy are an example of sustainable growth over time. If harvested in a sustainable manner they can go on producing forever or until the sun goes supernova whichever comes first. And, no, it is not zero growth for the economy. The same field producing a harvest year after year is not the same as that field yielding one harvest and then being abandoned.

If you cannot grap the concept of sustainable growth, and good stewardship of the renewable resources that we have, then I am sorry I cannot help you. Maybe it is your reading comprehension skills or an ideological mental block?

G-surfer wrote:
$this->bbcode_second_pass_quote('', 'S')o given PO and peak coal and Peak Nat Gas and depletion of aquifers and soil erosion and growing population then growth is not the issue but declining per capita wealth or shrinkage in per capita real GDP (forget funny govt. statistics). So we get to how do we decline to a sustainable per capita GDP, gracefully or not?


Well, yes, that is the question. Rapid die-off is the default option if we do nothing to prepare for post peak oil resource depletion and climate change. Those events combined with still increasing populations will surely tip us over the edge to economic and environmental collapse within 20-40 years if we do not address all three problems at once. Unfortunately, we are still fighting the culture wars of the 60s as well as debating evolution versus creation, so the clock is ticking, and I am not filled with a can-do spirit to be honest.
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