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From: rbowman <bowman@montana.com>
Newsgroups: alt.folklore.computers,comp.os.linux.misc
Subject: Re: The joy of actual numbers, was Democracy
Date: 29 Oct 2024 20:05:08 GMT
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On Tue, 29 Oct 2024 18:35:16 GMT, Charlie Gibbs wrote:

> On 2024-10-29, The Natural Philosopher <tnp@invalid.invalid> wrote:
> 
>> On 29/10/2024 15:18, Scott Lurndal wrote:
>>
>>> Which attempts fundmentally can be attributed to modern capitalist
>>> theory that requires constant growth.   Without new consumers,
>>> how can the economy expand?
>>> 
>>> Is it time for a steady-state economy?
>> 
>> The problem is that most modern economies have a social care and debt
>> Ponzi scheme, that relies on more people earning more money to pay for
>> it.
>>
>> Stop the new people and the scheme collapses.
> 
> Don't stop the new people and the scheme collapes a bit later due to
> resource exhaustion.  It's no different from any other Ponzi scheme.
> 
>>> https://steadystate.org/discover/definition-of-steady-state-economy/
>>
>> Well it will have to come eventually, but the transition will be
>> painful
> 
> Perhaps - but it might be less painful than a Malthusian crash.

I can never remember if high time preference or low time preference is the 
one that thinks '$100 today is better than a tomorrow that may never come' 
but it does seem to be the dominant philosophy. 

The cornucopians think there will always be a technological fix. Someday 
they will reach into the hat to pull out the next rabbit and find out 
there ain't no more rabbits.