Simon Lucy on Nostr: nprofile1q…s60lz Using GDP as the measure is as broken as you suggest. Given that ...
nprofile1qy2hwumn8ghj7un9d3shjtnddaehgu3wwp6kyqpqg0tuf634rz4suczwj7kgnecr6cyt0eu9xmp3sp0fku68mqehq4msas60lz (nprofile…60lz)
Using GDP as the measure is as broken as you suggest. Given that we are service rich and manufacturing poor that is only magnified in comparison to manufacturing nations.
Growth only arises by satisfying demand in a way that doesn't immediately exhaust investment, the long term Ponzi that the global economy has been running on since the 1950's is running out.
If it can only run as a Ponzi, then a novel investment source is needed. We have either War or Climate Mitigation.
Using GDP as the measure is as broken as you suggest. Given that we are service rich and manufacturing poor that is only magnified in comparison to manufacturing nations.
Growth only arises by satisfying demand in a way that doesn't immediately exhaust investment, the long term Ponzi that the global economy has been running on since the 1950's is running out.
If it can only run as a Ponzi, then a novel investment source is needed. We have either War or Climate Mitigation.