Page added on May 8, 2009
…The key to understanding this graph, and indeed the entire Limits To Growth mindset, is that they assume there is a fixed amount of something we can
First, rising prices spur development and new technologies make recovery of hitherto expensive resources cheap. This effectively increases the supply.
Second, in the case of energy, other ways of getting the same effect are found, such as buying insulation instead of more heating oil. One of the worst effects of apocalypticism is that it often impedes these efforts and thus becomes a self-fulfilling prophecy. A classic example is the strangulation of nuclear power in the US contemporaneous with LtG. All our currently-running reactors are designs from the 1970s. Compare today
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