by 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.