GrandMasterTerwynn wrote:Apparently, you live in a world where all problems can be solved with enough spending and wishful thinking. I used to live there too. And then I turned twelve. Economic growth is only exponential if you still have resources to spend to sustain that growth. You can only flog the planet for so many resources before the cost of extracting that next unit of resources becomes more than you can readily afford.
Ah, it was the opposite for me: when I was twelve I thought resource depletion &c. was a serious problem, but now I am at university I no longer do. There is in fact no clear link between resource consumption and economic growth. The invention of the silicon transistor, for instance, made computers better and cheaper and less consumptive of resources. The only potentially fundamental limit that exists is imposed by energy production, and that is far in excess of anything we will reach any time soon.
And yes, we're liable to bump right up against the edge of scientific knowledge in a century or two.
I can only lol. How can you possibly justify such a prediction?
That fact should be profoundly worrying, as it suggests that there aren't going to be any magic-tech solutions to get us out of the corner we're painting ourselves into. I suppose the name "Malthus" means nothing to you.
Malthus is famous for being wrong, you know. If he wasn't, modern society would be impossible and humanity would have already experienced the predicted apocalypse.
lol, there is no conceivable shortage of energy on earth for millions of years.
Proof?
This graph is a bit of a mess but I found it this morning (unrelated to this forum), so I might as well use it:
Mind you, there is the sun, but I've already established that we've blown the equivalent of millions of years of solar energy input in the form of fossil fuels.
The implication is that because fossil fuels take millions of years to produce that they store 100% of incident solar energy for millions of years. In fact the conversion efficiency was a minute fraction of a %. That's not to say that running out of fossil fuels won't be bad: they're super-awesome in general, being both cheap and convenient for use. But it will be more like a few percent (not ppt) reduced economic growth for a couple of years or decades, not the civilisation implosion being peddled by the peak oil movement.
Allegedly, we can sustain current levels of energy usage through nuclear power for many megayears . . . assuming the widespread adoption of breeder reactors, and the profitable large-scale extraction of uranium from seawater. All of this assumes that we'll spend the few trillion dollars needed to convert our petrochemical energy infrastructure into a nuclear/solar one before we hammer the planet's petrochemical reserves to the point where we're spending huge amounts of money just to keep up with our energy demands.
And don't forget that energy is only one part of the puzzle. You also have to feed all those people, and they have to live somewhere. And they have to do so while dealing with the legacy of climate upset that we'll be leaving them.
Those are already solved problems. 90bn, maybe that's going to be a big issue, but not 9. That's only a 50% increase.
Climate change is an issue, I agree, but not an insoluble one. Especially not with the nuclear/synfuel economy.
The only issue is the cost of generation, which economic growth takes care of over time.
And what is going to fuel this endless economic growth? Fairy dust and unicorn shit?
Capital accumulation and technological progression - just as in the past.
The reason we use the cheap-and-nasty methods first is that we have less money and technological capability in the present (whenever that may be) than in the future.
Oh yes. We've moved from cheap-and-nasty methods to expensive-and-nastier methods. And that's just to keep up with growth in demand. Yet I don't see any multi-trillion dollar projects on the horizon to convert our petrochemical lifestyle to a nuclear/solar one. Do you?
It's not yet viable (nuclear that is, solar won't be viable for centuries), but it's off only by single or low double digit percent, not some huge amount. And that's with extensive political damage to the nuclear industry. If you removed that, and added the externality cost of AGW to fossil fuels, we would already have 80-90% nuclear electricity generation, as they have in France.