If there were not negative externalities being subsidized, i.e. perversely encouraged, then growth would always be good.
The problem with economic growth into negative sum gold mines, is not only the immediate and cumulative damage so far, but that all that damage is what funds and incentivizes existing and new actors to compound the damage.
Compound. Compound. That doesn't stop easily.
Whether that is fossil fuel, plastic or surveillance/manipulation media. (None of which I have an ideological issue with, if they are taxed or pay for the harm they do, each market would quickly find N new and clever ways to substitute, avoid or mitigate the damage.)
Once large corporations start making money where there is a negative sum conflict of interest, growth by definition is very very bad.
But the problem isn't "growth".
eru · 5h ago
> If there were not negative externalities being subsidized, i.e. perversely encouraged, then growth would always be good.
That's a good start, but it's a bit more complicated.
Reasonable people can disagree what counts as a positive vs negative externality. Eg if you like to be warm, perhaps you see global warming as positive externality. (Really silly example, but you can come up with better ones.)
Also reasonable people can disagree about discounting rates. If current interest rates are very high, it can be economically rational to cut down a forest completely to get lots of lumber now, but severely damage long running production. If discounting rates are very low, then you'd leave the forest standing.
If you internalise externalities, the problem becomes less extreme, but sufficiently large differences in discounting rates will still make it surface.
> Once large corporations start making money where there is a negative sum conflict of interest, growth by definition very very bad.
Why single out large corporations? If anything, large multinationals are about the best run businesses on the planet.
eightysixfour · 5h ago
> Why single out large corporations? If anything, large multinationals are about the best run businesses on the planet.
Having been in consulting for a long time, for many of these companies, let’s just say reasonable people can disagree with this.
eru · 5h ago
I'm not saying that large multinationals are better than you think. I'm saying that the other actors (small companies, governments, private individuals, NGOs, etc) ain't any better, and many of them are worse.
Have a look at what used to be the Aral Sea for an example.
suddenlybananas · 5h ago
>Have a look at what used to be the Aral Sea for an example.
Yes large multinationals have never adversely affected the environment.
badpun · 4h ago
The Soviet Union holds pretty much all the trophies in large-scale environment devastation.
suddenlybananas · 4h ago
The amount of environmental devastation in the third world by multinationals dwarfs anything the USSR did.
decimalenough · 3h ago
Citation needed. Multinationals aren't angels, but I'm hard pressed to think of anything they've done that's on the scale of the Chernobyl disaster, the Aral Sea drying up, the Kyshtym disaster, Lake Karachay, etc. Even things like clear-cutting the Amazon are usually done by locals (although bigcos are more than happy to buy the resulting soybeans, beef, etc).
suddenlybananas · 2h ago
I think you live on another planet. Union Carbide alone killed thousands and thousands of people. Like there are so many industrial disasters caused by corporations that it's patently absurd to act like the USSR did more.
100,000 years from now no one will remember Bhopal as sad as that thought is. But Chernobyl will still be spicy.
eru · 2h ago
The Soviet Union was only one country.
You'd probably want to normalise the industrial disaster score per capita (or even per dollar-equivalent of GDP).
Would be an interesting research project. Look for cost of QALY-lost per capita or so from environmental damage.
atoav · 5h ago
> Reasonable people can disagree what counts as a positive vs negative externality. Eg if you like to be warm, perhaps you see global warming as positive externality.
I know this was just an example (and you said you weren't entirely happy with it), but the thing about externalities is that yeah someone may like it warm, but just because the damage doesn't happen where you are, doesn't mean it does not happen.
E.g. I could totally argue that I like draining that old oil from my car into the river next door since the river flows by and will carry the dirt away from my house. I externalize the pollution I'd have to deal with to the environment where other people live. Just because that cost is not affecting me in regards to that individual act, does not mean I didn't produce it.
Or to stay with the climate example: Yeah someone might like it warmer, but do they also like rising sea levels, more extreme wheather events, draught, higher food prices, climate migration, the cultural changes it brings and/or the violence coming from trying to prevent it? And what when the temperature is reached that they no longer like? Climate systems have multiple decades of lag, so when they decide to stop the tanker moves on, and on, and on.
Externalities are called that because they have to be paid by someone or something eventually. And not pricing them in is how you get neighbours who start to throw their dirt onto your lawn.
eru · 3h ago
I agree that you can get a handle on the specific problem I pointed out with externalities this way.
However, there are two more hurdles:
- First, you need to define what counts as the status quo, ie what do you measure externalities against? (But this is more of a problem in theory than in practice, I suspect.)
I think the point of the book is that perpetual growth is physically impossible with bounded resources.
baq · 6h ago
I have first read the limits to growth about two decades ago and it left me with a feeling of dread. Technology, if it’s even developed, only takes us so far.
The good things I observe are consistent mispredictions about e.g. solar power and a rather obvious lack of impact of AI robotics, this was hard sci-fi even 10 years ago and it’s a kinda unnoticed trend brewing around the world. The model designers would be considered clowns if they added humanoid robots to the population at any point in the timeline and now I think we can say in the next few years we’ll have to start doing exactly that.
Where does that leave humanity in 2050 is anyone’s guess. Looks like a race towards singularity, because if we don’t get there, we collapse.
dsign · 5h ago
>> Looks like a race towards singularity, because if we don’t get there, we collapse.
We may get either; at this point the singularity outcome is slightly more probable. The problem is that it won't be a singularity good for (most) people, so from our point of view that outcome also looks like a collapse. The most "regular" collapse on the other hand could let us be and could turn into a good lesson and opportunity; though how so is purely speculative fiction (which I write).
dachworker · 5h ago
Politically, we need economic growth. It is what made us "civilized". Before we had ample economic growth, the human ambition to get more wealth and power used to mean, to go to war and take all that your neighbour has.
And people should not make the mistake of believing we are somehow not exactly the same people we were 100 or even 1000 years ago. People today, are still killing each other over land, for example.
So yes, the energy/climate crisis should be taken seriously, but proposing a utopia that ditches one of the major constraints on our way of life is no solution.
js8 · 5h ago
"It is what made us "civilized"."
Not true, it was technology what civilized us (and jury is still out), not growth. Yes, if people are not hungry or sick, spend time doing meaningful work, can talk to others and generally enjoy life, they're less likely to be violent.
But you don't need growth (use more resources and produce more material goods) for that. We can already technologically attain that state for everyone on the planet.
Despite these technological marvels, there are still people who pronounce BS about how we have to compete for resources in order to survive. But (thanks to technology) it hasn't been true since at least 1960s.
dachworker · 4h ago
>Yes, if people are not hungry or sick, spend time doing meaningful work, can talk to others and generally enjoy life, they're less likely to be violent.
That's a historically illiterate statement. Quite the opposite in fact. Historically, it was the people who did not need to worry about being hungry, and did not need to do any kind of work, and who enjoyed the highest standards in their society, who devised schemes to go to war with their neighbours for even more wealth and power. And today, you see this pattern still. It's not the poorest and most destitute who are going to war.
dsign · 5h ago
What utopia? Material scarcity is certainly not one. Agree with the rest.
I however have hopes for the future. Our society is still locked in and "end of history" mentality that makes most of us believe that economically and socially we have reached the end of the road and that all that is left are minor tunings. The next "collapse" or "big" crisis, that can come from anywhere (not necessarily be a purely economic thing), may shake that belief from us.
jay_kyburz · 5h ago
The article suggested we are facing a collapse because some resources will be exhausted, but I missed what resources there are talking about? As far as I'm aware there is still heaps of everything.
I don't think we should be digging everything out of the ground we can, but I don't here anybody saying we are about to run out of anything.
st-keller · 4h ago
Availability of nutrition rich soil to grow stuff is one thing - google some facts about fertilizers and the resources they are made of. Clean water is also not a thing you can take for granted.
padjo · 4h ago
It’s been said about helium and fossil fuels pretty regularly for the last 20 years.
pyrale · 5h ago
If we look further, we wouldn’t be the first species that disappears for failing to adapt.
Your "we can’t change" logic gives us only one future, that of bacteries caught in the great oxidation event.
dachris · 5h ago
I also share this kind of existential angst. The future is unknown - yes, such a scenario might come true. As might nuclear war, a truly deadly pandemic etc. And yes, there is too little done to mitigate the potential impact. And lots of unknowns.
However - don't let it drag you down. Think about what you can do, personally, as a person that has agency, to mitigate the potential effects for you, for your family, for your community.
And the answer for me, personally, is the same as for many other of these issues - stay in good health both physically and mentally, keep in touch with the people around you, have a buffer (financially, resources, time), raise awareness of the potential impact. And don't be a doomer, acknowledge that you might be wrong - because you would have been (up to now).
bvxm9 · 5h ago
Dont to raise awareness. Thats just a mindless mantra that benefits the attention economy. Its rakes in cash when everyones threat perception and anxiety is elevated.
The fact is there are things people are not capable of doing anything about. See Theory of Bounded Rationality - you cant push school kids to solve quantum field equations. There is a limit and a cost to over loading people with complexity.
dachris · 4h ago
Thanks for the pointer to bounded rationality, and the well-chosen words "are not capable of doing anything about". Yes, the doomer attention economy and also most media in general constantly bombard you with useless information, making decision-making very hard. What's the most important concern? The likely collapse of the pension system (here in Western Europe)? The war in Ukraine? Climate change? Trade wars? Pick you poison.
I'd add to the "mental health" recommendation to go low on such information, as it is mostly noise and non-actionable.
Awareness that in the long term, the tides might change, doesn't fall for me into this category. It's just a basic fact of life that it easily forgotten in the busyness of day.
michaelhoney · 5h ago
Pessimism of the intellect, optimism of the will
HPsquared · 4h ago
The recommendations being universal, reminds me of the Platonic form of "the Good".
marcus_holmes · 5h ago
> They also have an interesting caveat. This is that the way the World3 model works is a through a set of connections that exist within an environment of growth. In an environment of decline, they are likely to reconfigure themselves in different ways.
This is the key insight, I think.
I was an interested follower of the Peak Oil stuff 20 years ago. Everything they said was true. But everything they predicted was wrong. As the economics of the oil business shifted, new forms of production became profitable and came online. The economy didn't collapse, life went on more or less normally.
Economies work on curves and trade-offs. As one thing declines, another ascends. As one solution to a given problem stops working, another one becomes viable. The whole continues more or less undisturbed.
It's notable that ecologists are discovering this; there are novel ecosystems [0] arising as the environment changes. The new arises as the old declines, and there's never a point at which anything "collapses" as such.
I used to think Limits to Growth was too pessimistic.
But over time, it feels like the trends it described are quietly happening.
Not all the predictions were accurate, but the overall feeling was right .
We do seem to be getting closer to boundaries we don’t really want to face.
imtringued · 32m ago
The thing about logistic growth is that getting the growth rate wrong merely shifts the timeline, it doesn't change the destination.
schnitzelstoat · 1h ago
There is no collapse though. People are having less children (or even no children at all) mostly by choice and it seems the concern will be the smaller workforce of the future rather than any problems of overpopulation.
We also have loads of cards left to play like fully deploying nuclear energy, GMOs etc. that would ease the environmental impact but are not used due to political reasons.
johanneskanybal · 5h ago
How can you ”update” the model in 2025 yet not take ai or the collapse of american democracy and global trust into account?
psalaun · 4h ago
I guess IA is factored in Meadows quote about technology able to push the limit farther for a while but make the fall harder?
Say that IA allow us to squeeze the additional juice from the torn lemon for five more decades, given the toll that it may have on our ability to think by ourselves, the bulk of people may have troubles coming up with 19th century tech and rely on good ol' donkeys for producing food and materials instead of what we would currently see as low tech solutions, when the shit will hit the proverbial fan
Qwertious · 4h ago
Neither of those two things have mature economic datasets showing their effects - the collapse of american democracy has only majorly affected the economy very recently, and AI is still mostly promises and hasn't brought in the trillions of profits it's promised yet.
baq · 4h ago
The end goal of AI isn’t the trillions made getting there, it’s to make those trillions meaningless. What’s the point of money if machines do literally everything better than humans?
HPsquared · 5h ago
"Limits to Modelling" would be a good name for a rebuttal.
> This paper shows that merely the Malthusian mechanism cannot explain the pre-industrial stagnation of living standards. Technological improvement in luxury production, if faster than improvement in subsistence production, would have kept living standards growing. The Malthusian trap is essentially a puzzle of balanced growth between the luxury sector and the subsistence sector. The author argues that the balanced growth is caused by group selection in the form of biased migration. A tiny bit of bias in migration can suppress a strong tendency of growth. The theory reexplains the Malthusian trap and the prosperity of ancient market economies such as Rome and Song. It also suggests a new perspective on the Industrial Revolution.
pyrale · 5h ago
Saner how? I don’t see any way where reducing the current environmental knowledge we have to a form of malthusianism is sane.
eru · 3h ago
Alas, I'm afraid I didn't explain this well.
The paper I linked to is just the opposite of Malthusianism.
The original submitted article is dressed up Malthusianism.
lucumo · 5h ago
I don't get it.
As I understand the article:
1. There was a model in 1972.
2. That model predicts collapse in the mid 2020s.
3. A new group has recalibrated the model with modern data.
4. The model still predicts collapse.
How does that support the title that the model is right about collapse? To support that you need verification against the real world or against a trusted model.
omnimus · 5h ago
I guess we can simply wait few years…
daedrdev · 6h ago
Given the impact of a global pandemic and global trade war both events which cause a slight downtick in many of these graphs but are entirely random or not destined to happen, I doubt the conclusions of this post.
adastra22 · 5h ago
I'm sorry but I cannot take this article seriously. Limits to Growth (and The Population Bomb) were and remain so utterly wrong in almost every detail. Like, crazy wrong. Predicting exponentially increasing costs and decreasing resources, when in fact we have experienced the exact opposite: available resources increasing exponentially and costs plummeting. Limits to Growth predicted foot shortages and population collapse around now. Instead we have a global obesity epidemic.
What is remarkable about Limits is that anyone still takes it seriously. I struggle to think of a model that has been so thoroughly discredited as Limits to Growth has been. Jim Cramer's stock predictions, maybe.
heisenbit · 5h ago
Exponentially increasing resources is at odds with observed persistent increase of extraction costs (in terms of energy) of oil.
Explain to me like an five year old how you expect the end game of those exponentially increasing resources on a finite planet.
Maybe I am not seeing a thing that I am seeing, but the logistical function is pretty well explored. If you want infinite growth you need infinite resources and thus an infinite world. Our world is not infinite last time I checked.
I haven't checked their precise model and whether the timelines it predicts are sound, but the general idea of a logistic function describing the general dynamics as a rough ballpark model still stands. In reality of course we will have more stepped saturation effects, until a new resource pool is found, maybe outside of planet earth etc. But the saturation region of that more complicated stepped function would still translate to untold suffering. Unless you see a different end game.
rich_sasha · 4h ago
It is often stated that exponential growth in the economic sense necessarily requires exponential resource use. But I don't see why.
Our use of resources changes. We used to care about coal production - it is now niche and in no way a choke point. We're on our way off oil, in fact if you believe green transformation maximalists, we may soon have a abundance of energy. Alongside population growth, we had a huge increase in farm yields, so that eg in Europe the use of agricultural land is actually decreasing.
In 1890s, IIRC, it was predicted that Paris' growth will inevitably stagnate around 1920s as the capacity to remove horse dung (from carriages etc) will reach a critical point. Turns out we just obsoleted horses instead.
pjerem · 3h ago
> We're on our way off oil
Last time I checked, oil consumption is still raising year after year except for the covid years. Same for CO2 emissions we entered the era of irreversible natural disasters but we are still emitting more and more tears after years.
I may be too optimistic, I can _feel_ the trend will change. But even being optimistic, the data isn’t there to show anything positive and even if we started decreasing oil production / consumption today, we are so late that even the declining trend would have to be pretty strong.
I also think (and that’s just an opinion) that making the needed transition requires huge reform of the global economy and that the powerful know it very well. We are not getting fascism return for no reasons.
atoav · 46m ago
I did not question that the varying story of how resource use shifted throughout history. As you correctly pointed out these shifts are extremely relevant for accurate projections though.
It however changes nothing of the fact that exponential growth in a finite system will eventually run into saturation. If you want to grow your corps revenue by X% each year you will have to sell more. Selling more means making more, making more means using more resources. Now you can reduce the resource use per part with clever designs, different materials or by seeing planned obsolescence as a feature (which will mean customers have to buy a replacement earlier and thus the actual resource use of the product over its lifecycle gets in fact worse). So you optimize and optimize and then you have reached the moment where there is nothing left to remove, but you still need to grow, so you just keep using more resources.
Or if you are lucky eventually a new material or design innovation comes around, that again allows you to improve resource use. But your resource use is not going to be zero and you deplete something else on the finite planet. And you need to grow and use more of it each year.
If you're lost on a raft in the ocean and first eat the bread and once the bread is gone switch to cookies that does not mean you won't eventually run out of stuff to eat.
The solution is to tap into resources that regrow and not use more than is regrowing, but that doesn't jive well with infinite growth. I am an electical engineer and I know pretty well how exponential resource use works in complex systems. If a part of my system would like to exponentially grow its resource use infinitly I'd either consider it defective or use the fact that it can't grow infinitly by bounds I set on purpose.
HDThoreaun · 18m ago
The only true limiter to growth is energy. We are nowhere close to utilizing all the energy we can get our hands on. No one is saying there are no limits to growth on earth, the question is just when those limits will appear.
adastra22 · 5h ago
We aren't even using 0.000000001% of the atoms in the Earth's crust, and the Universe is a lot larger than just the Earth.
ben_w · 4h ago
Most of the atoms in our crust are, in order, oxygen (46.1%), silicon (28.2%), aluminium (8.23%), and iron (5.63%). Getting at the metal would leave a dangerous excess of oxygen. Lots of important industrial elements are in the parts per thousand to parts per million range: https://en.wikipedia.org/wiki/Abundance_of_elements_in_Earth...
The majority of the universe is hydrogen and helium; most of what we see is now inaccessible due to the expansion of the universe and the speed of light; and even the stuff we can reach, because of the speed of light, requires a slow down to cubic growth at best (closer than galactic disk thickness or further than galactic isotropy); and even then that's for the species as a whole, as the speed of light eventually stops and single thing from growing at all.
Exponential growth has a way of reaching big numbers quickly. Now sure, it's still a while for the stuff we can access — I don't know if your percentage is correct, but looks about right, and at 2% annual growth (so: no VN replication ever) that's 1163 years for the crust, then another 233 for the rest of the planet — but that assumes we can use the whole thing and aren't reliant on some trace elements, e.g. carbon (which is 200ppm) or tin (2.3ppm) or selenium (0.05ppm of the crust, and if Wikipedia is right about five times higher, 0.25ppm, in a human body).
atoav · 2h ago
Yeah, but infinite is kinda a big number. And the universe has less than 0.0000000001% useful stuff in it and the rest kills us.
My argument wasn't about how long it takes to deplete our resources, my argument was that eventually they will be deleted. And we are in a small emergeny raft on a wide ocean. Right now everybody is eating as if we are on vaction. We are not.
flyinglizard · 5h ago
The world’s population growth is slowing (from 2% annually in the 70’s to about 0.9% today), and it seems to me like we are very far from exhausting planetary resources. It’s like the predictions about “Peak Oil” being wrong time and time again, and in fact today we have larger reserves than ever before despite a century of extraction (3x what we had in 1970). We’ll be off oil (as an energy source) long before it runs out.
pjerem · 3h ago
It depends of your definition of exhausting a resource. If using a resource makes your environment inhabitable, it’s practically the same : the ressource is there but you shouldn’t use it.
Or you continue to hope that you’ll be able to clean the environment while still using the resources but as of today, that’s still a big gamble on everyone’s lives.
atoav · 2h ago
I wasn't arguing about the timeline (and specifically mentioned this), I argued that
resource = 1000
resource_use = 0.1 # per year
resource_use_growth_factor = 1.01 # per year
resource_regrowth = 0.0001 # per year
loop {
resource += resource_regrowth
resource -= resource_use
resource_use *= resource_use_growth_factor
if (resource <= 0) {
print("Resources depleted")
exit(1)
}
}
Fiddle with the numbers any way you like, if you use more of a resource than regrows per year you will eventually have used all of it up at some point. Then you will be able to just use the amount that regrows from one moment to another.
The timeline could be 10 years, 100 years, 1000 years, but humanity needs to
1. Know when that resource is likely going to be depleted, ideally decades or longer before it happens
2. Develope workarounds, alternative resources etc. to eventually just use the regrowth rate
3. Use resources that have higher regrow rates (aka "sustainable" ones) and stay within the limits
4. Don't forget to price in the externalities into resource use during its whole life cycle (this can be many millenia for some materials)
Right now the level is that some people even seem to grok the extremely simple reality of growing resource use with a limited resource eventually hitting a cutoff point. Granted my model here is extremely simplistic, but even if you factor in stuff like undiscovered resource sources and a rate of new discoveres, eventually on a planet with finite resources you will run out of them unless you just use the amount you can sustainably use.
eru · 6h ago
And I had hoped that the Simon-Ehrlich wager would have enlightened people more about how serious to take these doomsayers.
cyberax · 6h ago
These kinds of analyses are just pure BS. I remember reading (and believing) them in 2005, about how oil was going to become unaffordably scarce by 2020.
Right before the fracking revolution happened.
If you look at earlier estimates, we were supposed to have 20 billion people on Earth now.
> also seems to be peaking right about now indicating that despite continuous growth in the global population, we are experiencing declining global food production.
- We are collapsing but it is not the dramatic collapse everyone is expecting it to be. If population "slowly" declines consistently, eventually, there will be too few people. If you have a 2 million year graph, this era will look like a sharp spike for a very short time.
- We are adapting but fracking prevented that from happening in the West and other places. Because China didn't have that luxury, they had to push through solar energy. This provides hope that the exponential growth will continue as energy is abundant around us.
So there you have it. I can see arguments to each side of the coin and am not sure which way it'll play.
_Algernon_ · 4h ago
Looking at all of human history, these kinds of analyses being wrong is the anomaly. Humans were riding the edge of a Malthusian catastrophe through most of history and that didn't really change until the industrial revolution — at least for some of us.
It is naïve to think that this can't happen again.
Nasrudith · 1h ago
That sounds more like Malthusianism is a memetic fixation based upon past collective trauma than an assessment of actual conditions. It isn't anything rational, just an Idée fixe
The assessment should change with the industrial revolution, specialization to allow understanding, and great increase of power availability. This isn't even like the Bronze Age collapse.
baq · 6h ago
The analysis assumes resources are finite and exponential growth is impossible, then makes educated guesses at how some quantities interact. Are you arguing that the model didn’t predict fracking correctly or what’s your point exactly?
csomar · 5h ago
Resources are potentially infinite and that's ignoring that we are consuming a non-perceptible amount in the visible universe. We are a long way from consuming anything.
piva00 · 1h ago
They're only potentially infinite if we figure out ways to expend an ever-increasing exponential amount of energy to capture them. Energy is cost, there's absolutely no way to know if we will figure a way to produce the energy required to extract resources from outside our planet, even less to know if we won't expend the most easily accessible resources before we can start digging for more outside of Earth.
We should be treating our accessible resources as finite, and improve the efficiency of using them, just to make sure we can keep enough until all the breakthroughs we need to explore resources outside of Earth exist.
It's like the propaganda from the oil industry, talking about how plastics are so damn important for modern life and we couldn't live without the oil industry. It's absolutely true, but it also gives a very clear argument on why we shouldn't be wasting fossil resources to be burnt for energy if we can find other ways to access energy, we should be keeping as much as possible of this finite resource (which very likely doesn't even exist in any close proximity to Earth) for its more useful material products like plastics.
eru · 5h ago
We are sitting on a giant pile of matter, and we get a steady stream of fresh energy from the sun everyday.
Yes, resources are technically finite, but we are a long way away from that mattering.
Until then, there's a limit on how cheap we can get our resources---and human ingenuity is chipping away on that. But scarcely a limit on the absolute amount of resources.
> Are you arguing that the model didn’t predict fracking correctly or what’s your point exactly?
The model didn't predict anything correctly. Fracking is just something on top of people's minds now, but the model didn't take the green revolution into account, when that was already underway when they formulated it.
thereisnospork · 5h ago
> These kinds of analyses are just pure BS
At risk of speaking for the parent, I think that sentence sums it up. Specious is the fancier word for it.
These 'analyses' take a myopic view of a complex buffered system and well beyond the predictive power of the analysis.
Kind of like saying $MSFT went up 1pct today, so by this time next year it will be up 365% and in a decade its exponential growth will collapse the economy.
For a recent non-contrived example, projections of electric vehicle ownership haven't exactly followed expectations.
cyberax · 5h ago
Well, _eventually_ the growth might stop.
But the growth doesn't automatically mean that it happens because of the resource use increase. Growth often results in technologies that use _less_ resources: cars and lighting are prime examples.
> Are you arguing that the model didn’t predict fracking correctly or what’s your point exactly?
I'm arguing that predicting the exact point where the growth limits are reached is impossible. Especially when it's not due to something fundamental like the Sun's total energy output multiplied by the lowest possible entropy increase quantum.
yieldcrv · 6h ago
> about how oil was going to become unaffordably scarce by 2020. right before the fracking revolution happened.
and before that the same thing happened. you can find books in the library from the 70's saying the same thing about oil by the year 2000
all that's happened is that commodity economics kick in. the scarcity of oil prompts people to pay more for the oil. the higher price of oil makes investors realize they can write larger checks to people aiming to explore for oil in harder to reach places with expensive machinery, to make enough to pay back the investors.
which is why deep sea expeditions took off, which is why fracking took off
the trend is likely to continue
this is what occurs in some other commodity markets as well
adastra22 · 6h ago
That book from the 70's was Limits to Growth.
camillomiller · 6h ago
Do we have references for how correct these type of predictions were in the past about similar claims?
That said, it seems to check out.
Everything we do, every technological step forward, is always inevitably configured within the frame of a capitalistic belief system, with the myth of growth locked in place as its central device.
My existential angst definitely didn’t need this read today.
It's not overtly technical or inaccessible, if you're a quick reader it only takes a few hours (probably less than what many people spend on Youtube or other internet feeds daily).
Don't wait for some second hand opinion/summary/rephrasing/interpretation, everyone will have their own bias.
camillomiller · 5h ago
I wouldn't have the hybris to think I can judge the choices in designing an economic model, though :D
baq · 6h ago
Obviously don’t touch the book then. Don’t come anywhere near the Fourth Turning by Howe, too.
camillomiller · 5h ago
That seems very US-centric, though, while this analysis is more of a global-scale one, or is it?
eru · 5h ago
> That said, it seems to check out. Everything we do, every technological step forward, is always inevitably configured within the frame of a capitalistic belief system, with the myth of growth locked in place as its central device.
The communists in the Soviet Union and mainland China also did some science. We also have plenty of folks in research today who are less than favourably disposed to capitalism (and growth).
> Do we have references for how correct these type of predictions were in the past about similar claims?
Every time I make a comment that contains the word "capitalism" in a critical way it goes down inevitably bad on Hacker News.
There is inevitably a splitting-like reaction, as if the only way to talk about this is "Capitalism good/bad" and therefore "socialism/communism good/bad".
I am NOT anti-capitalistic per se, but I am certainly critical of any view that takes capitalism (any form of it, even the best ones like the Scandinavian versions) and unbridled growth as an unshakable tenet of our present and our future.
In other words, I am luckily not at a Mark Fisher stage.
Thanks for the link.
eru · 3h ago
> Every time I make a comment that contains the word "capitalism" in a critical way it goes down inevitably bad on Hacker News.
Huh? I defended communism as also producing some science. (There was also quite a bit of science in pre-capitalist societies.)
Sorry, I don't know who Mark Fisher is nor what stage he acted on.
> Thanks for the link.
I hope you enjoy the read as much as I did.
tbrownaw · 5h ago
> always inevitably configured within the frame of a capitalistic belief system
How is this relevant, and what does is even mean?
> Everything we do, every technological step forward, is always inevitably configured within the frame of a capitalistic belief system, with the myth of growth locked in place as its central device.
Tech advancements and growth are kinda the same things tho. Being static - not growing - implies a lack of change. Tech advancements only spread if your can do cool new things with them.
Qwertious · 4h ago
>How is this relevant, and what does is even mean?
Some of the most productive research we could possibly do is basic research. But because basic research doesn't directly produce monetizable practical improvements, it doesn't get private funding (besides Bell Labs analogs) and is in practice woefully underfunded.
This is a failure of resource allocation that is attributable directly to capitalism.
I'm not advocating a communist revolution here, just pointing out a downside to capitalism.
camillomiller · 5h ago
> How is this relevant, and what does is even mean?
It is relevant to anything that is remotely "economic". We consider capitalism like fish consider water. I'm only just pointing out that we're all constantly wet, but unlike fish, that's not a condition we depend upon for life.
yieldcrv · 6h ago
we do and they aren't accurate, the threat of their accuracy is the same, we've managed.
The problem with economic growth into negative sum gold mines, is not only the immediate and cumulative damage so far, but that all that damage is what funds and incentivizes existing and new actors to compound the damage.
Compound. Compound. That doesn't stop easily.
Whether that is fossil fuel, plastic or surveillance/manipulation media. (None of which I have an ideological issue with, if they are taxed or pay for the harm they do, each market would quickly find N new and clever ways to substitute, avoid or mitigate the damage.)
Once large corporations start making money where there is a negative sum conflict of interest, growth by definition is very very bad.
But the problem isn't "growth".
That's a good start, but it's a bit more complicated.
Reasonable people can disagree what counts as a positive vs negative externality. Eg if you like to be warm, perhaps you see global warming as positive externality. (Really silly example, but you can come up with better ones.)
Also reasonable people can disagree about discounting rates. If current interest rates are very high, it can be economically rational to cut down a forest completely to get lots of lumber now, but severely damage long running production. If discounting rates are very low, then you'd leave the forest standing.
If you internalise externalities, the problem becomes less extreme, but sufficiently large differences in discounting rates will still make it surface.
> Once large corporations start making money where there is a negative sum conflict of interest, growth by definition very very bad.
Why single out large corporations? If anything, large multinationals are about the best run businesses on the planet.
Having been in consulting for a long time, for many of these companies, let’s just say reasonable people can disagree with this.
Have a look at what used to be the Aral Sea for an example.
Yes large multinationals have never adversely affected the environment.
https://en.wikipedia.org/wiki/List_of_environmental_disaster... Like on this list, the vast majority are done by corporations.
You'd probably want to normalise the industrial disaster score per capita (or even per dollar-equivalent of GDP).
Would be an interesting research project. Look for cost of QALY-lost per capita or so from environmental damage.
I know this was just an example (and you said you weren't entirely happy with it), but the thing about externalities is that yeah someone may like it warm, but just because the damage doesn't happen where you are, doesn't mean it does not happen.
E.g. I could totally argue that I like draining that old oil from my car into the river next door since the river flows by and will carry the dirt away from my house. I externalize the pollution I'd have to deal with to the environment where other people live. Just because that cost is not affecting me in regards to that individual act, does not mean I didn't produce it.
Or to stay with the climate example: Yeah someone might like it warmer, but do they also like rising sea levels, more extreme wheather events, draught, higher food prices, climate migration, the cultural changes it brings and/or the violence coming from trying to prevent it? And what when the temperature is reached that they no longer like? Climate systems have multiple decades of lag, so when they decide to stop the tanker moves on, and on, and on.
Externalities are called that because they have to be paid by someone or something eventually. And not pricing them in is how you get neighbours who start to throw their dirt onto your lawn.
However, there are two more hurdles:
- First, you need to define what counts as the status quo, ie what do you measure externalities against? (But this is more of a problem in theory than in practice, I suspect.)
- Second, you need to explain why Coasian bargaining isn't enough. See https://en.wikipedia.org/wiki/Coase_theorem
I think the point of the book is that perpetual growth is physically impossible with bounded resources.
The good things I observe are consistent mispredictions about e.g. solar power and a rather obvious lack of impact of AI robotics, this was hard sci-fi even 10 years ago and it’s a kinda unnoticed trend brewing around the world. The model designers would be considered clowns if they added humanoid robots to the population at any point in the timeline and now I think we can say in the next few years we’ll have to start doing exactly that.
Where does that leave humanity in 2050 is anyone’s guess. Looks like a race towards singularity, because if we don’t get there, we collapse.
We may get either; at this point the singularity outcome is slightly more probable. The problem is that it won't be a singularity good for (most) people, so from our point of view that outcome also looks like a collapse. The most "regular" collapse on the other hand could let us be and could turn into a good lesson and opportunity; though how so is purely speculative fiction (which I write).
So yes, the energy/climate crisis should be taken seriously, but proposing a utopia that ditches one of the major constraints on our way of life is no solution.
Not true, it was technology what civilized us (and jury is still out), not growth. Yes, if people are not hungry or sick, spend time doing meaningful work, can talk to others and generally enjoy life, they're less likely to be violent.
But you don't need growth (use more resources and produce more material goods) for that. We can already technologically attain that state for everyone on the planet.
Despite these technological marvels, there are still people who pronounce BS about how we have to compete for resources in order to survive. But (thanks to technology) it hasn't been true since at least 1960s.
That's a historically illiterate statement. Quite the opposite in fact. Historically, it was the people who did not need to worry about being hungry, and did not need to do any kind of work, and who enjoyed the highest standards in their society, who devised schemes to go to war with their neighbours for even more wealth and power. And today, you see this pattern still. It's not the poorest and most destitute who are going to war.
I however have hopes for the future. Our society is still locked in and "end of history" mentality that makes most of us believe that economically and socially we have reached the end of the road and that all that is left are minor tunings. The next "collapse" or "big" crisis, that can come from anywhere (not necessarily be a purely economic thing), may shake that belief from us.
I don't think we should be digging everything out of the ground we can, but I don't here anybody saying we are about to run out of anything.
Your "we can’t change" logic gives us only one future, that of bacteries caught in the great oxidation event.
However - don't let it drag you down. Think about what you can do, personally, as a person that has agency, to mitigate the potential effects for you, for your family, for your community.
And the answer for me, personally, is the same as for many other of these issues - stay in good health both physically and mentally, keep in touch with the people around you, have a buffer (financially, resources, time), raise awareness of the potential impact. And don't be a doomer, acknowledge that you might be wrong - because you would have been (up to now).
The fact is there are things people are not capable of doing anything about. See Theory of Bounded Rationality - you cant push school kids to solve quantum field equations. There is a limit and a cost to over loading people with complexity.
I'd add to the "mental health" recommendation to go low on such information, as it is mostly noise and non-actionable.
Awareness that in the long term, the tides might change, doesn't fall for me into this category. It's just a basic fact of life that it easily forgotten in the busyness of day.
This is the key insight, I think.
I was an interested follower of the Peak Oil stuff 20 years ago. Everything they said was true. But everything they predicted was wrong. As the economics of the oil business shifted, new forms of production became profitable and came online. The economy didn't collapse, life went on more or less normally.
Economies work on curves and trade-offs. As one thing declines, another ascends. As one solution to a given problem stops working, another one becomes viable. The whole continues more or less undisturbed.
It's notable that ecologists are discovering this; there are novel ecosystems [0] arising as the environment changes. The new arises as the old declines, and there's never a point at which anything "collapses" as such.
[0] https://www.britishecologicalsociety.org/content/novel-ecosy...
We also have loads of cards left to play like fully deploying nuclear energy, GMOs etc. that would ease the environmental impact but are not used due to political reasons.
Say that IA allow us to squeeze the additional juice from the torn lemon for five more decades, given the toll that it may have on our ability to think by ourselves, the bulk of people may have troubles coming up with 19th century tech and rely on good ol' donkeys for producing food and materials instead of what we would currently see as low tech solutions, when the shit will hit the proverbial fan
> If Not Malthusian, Then Why?
> This paper shows that merely the Malthusian mechanism cannot explain the pre-industrial stagnation of living standards. Technological improvement in luxury production, if faster than improvement in subsistence production, would have kept living standards growing. The Malthusian trap is essentially a puzzle of balanced growth between the luxury sector and the subsistence sector. The author argues that the balanced growth is caused by group selection in the form of biased migration. A tiny bit of bias in migration can suppress a strong tendency of growth. The theory reexplains the Malthusian trap and the prosperity of ancient market economies such as Rome and Song. It also suggests a new perspective on the Industrial Revolution.
The paper I linked to is just the opposite of Malthusianism.
The original submitted article is dressed up Malthusianism.
As I understand the article:
1. There was a model in 1972.
2. That model predicts collapse in the mid 2020s.
3. A new group has recalibrated the model with modern data.
4. The model still predicts collapse.
How does that support the title that the model is right about collapse? To support that you need verification against the real world or against a trusted model.
https://www.noahpinion.blog/p/why-paul-ehrlich-got-everythin...
What is remarkable about Limits is that anyone still takes it seriously. I struggle to think of a model that has been so thoroughly discredited as Limits to Growth has been. Jim Cramer's stock predictions, maybe.
https://ourworldindata.org/grapher/solar-pv-prices-vs-cumula...
Maybe I am not seeing a thing that I am seeing, but the logistical function is pretty well explored. If you want infinite growth you need infinite resources and thus an infinite world. Our world is not infinite last time I checked.
I haven't checked their precise model and whether the timelines it predicts are sound, but the general idea of a logistic function describing the general dynamics as a rough ballpark model still stands. In reality of course we will have more stepped saturation effects, until a new resource pool is found, maybe outside of planet earth etc. But the saturation region of that more complicated stepped function would still translate to untold suffering. Unless you see a different end game.
Our use of resources changes. We used to care about coal production - it is now niche and in no way a choke point. We're on our way off oil, in fact if you believe green transformation maximalists, we may soon have a abundance of energy. Alongside population growth, we had a huge increase in farm yields, so that eg in Europe the use of agricultural land is actually decreasing.
In 1890s, IIRC, it was predicted that Paris' growth will inevitably stagnate around 1920s as the capacity to remove horse dung (from carriages etc) will reach a critical point. Turns out we just obsoleted horses instead.
Last time I checked, oil consumption is still raising year after year except for the covid years. Same for CO2 emissions we entered the era of irreversible natural disasters but we are still emitting more and more tears after years.
I may be too optimistic, I can _feel_ the trend will change. But even being optimistic, the data isn’t there to show anything positive and even if we started decreasing oil production / consumption today, we are so late that even the declining trend would have to be pretty strong.
I also think (and that’s just an opinion) that making the needed transition requires huge reform of the global economy and that the powerful know it very well. We are not getting fascism return for no reasons.
It however changes nothing of the fact that exponential growth in a finite system will eventually run into saturation. If you want to grow your corps revenue by X% each year you will have to sell more. Selling more means making more, making more means using more resources. Now you can reduce the resource use per part with clever designs, different materials or by seeing planned obsolescence as a feature (which will mean customers have to buy a replacement earlier and thus the actual resource use of the product over its lifecycle gets in fact worse). So you optimize and optimize and then you have reached the moment where there is nothing left to remove, but you still need to grow, so you just keep using more resources.
Or if you are lucky eventually a new material or design innovation comes around, that again allows you to improve resource use. But your resource use is not going to be zero and you deplete something else on the finite planet. And you need to grow and use more of it each year.
If you're lost on a raft in the ocean and first eat the bread and once the bread is gone switch to cookies that does not mean you won't eventually run out of stuff to eat.
The solution is to tap into resources that regrow and not use more than is regrowing, but that doesn't jive well with infinite growth. I am an electical engineer and I know pretty well how exponential resource use works in complex systems. If a part of my system would like to exponentially grow its resource use infinitly I'd either consider it defective or use the fact that it can't grow infinitly by bounds I set on purpose.
The majority of the universe is hydrogen and helium; most of what we see is now inaccessible due to the expansion of the universe and the speed of light; and even the stuff we can reach, because of the speed of light, requires a slow down to cubic growth at best (closer than galactic disk thickness or further than galactic isotropy); and even then that's for the species as a whole, as the speed of light eventually stops and single thing from growing at all.
Exponential growth has a way of reaching big numbers quickly. Now sure, it's still a while for the stuff we can access — I don't know if your percentage is correct, but looks about right, and at 2% annual growth (so: no VN replication ever) that's 1163 years for the crust, then another 233 for the rest of the planet — but that assumes we can use the whole thing and aren't reliant on some trace elements, e.g. carbon (which is 200ppm) or tin (2.3ppm) or selenium (0.05ppm of the crust, and if Wikipedia is right about five times higher, 0.25ppm, in a human body).
My argument wasn't about how long it takes to deplete our resources, my argument was that eventually they will be deleted. And we are in a small emergeny raft on a wide ocean. Right now everybody is eating as if we are on vaction. We are not.
Or you continue to hope that you’ll be able to clean the environment while still using the resources but as of today, that’s still a big gamble on everyone’s lives.
The timeline could be 10 years, 100 years, 1000 years, but humanity needs to
1. Know when that resource is likely going to be depleted, ideally decades or longer before it happens
2. Develope workarounds, alternative resources etc. to eventually just use the regrowth rate
3. Use resources that have higher regrow rates (aka "sustainable" ones) and stay within the limits
4. Don't forget to price in the externalities into resource use during its whole life cycle (this can be many millenia for some materials)
Right now the level is that some people even seem to grok the extremely simple reality of growing resource use with a limited resource eventually hitting a cutoff point. Granted my model here is extremely simplistic, but even if you factor in stuff like undiscovered resource sources and a rate of new discoveres, eventually on a planet with finite resources you will run out of them unless you just use the amount you can sustainably use.
Right before the fracking revolution happened.
If you look at earlier estimates, we were supposed to have 20 billion people on Earth now.
> also seems to be peaking right about now indicating that despite continuous growth in the global population, we are experiencing declining global food production.
The per-capita caloric supply is growing: https://ourworldindata.org/food-supply
- We are collapsing but it is not the dramatic collapse everyone is expecting it to be. If population "slowly" declines consistently, eventually, there will be too few people. If you have a 2 million year graph, this era will look like a sharp spike for a very short time.
- We are adapting but fracking prevented that from happening in the West and other places. Because China didn't have that luxury, they had to push through solar energy. This provides hope that the exponential growth will continue as energy is abundant around us.
So there you have it. I can see arguments to each side of the coin and am not sure which way it'll play.
It is naïve to think that this can't happen again.
The assessment should change with the industrial revolution, specialization to allow understanding, and great increase of power availability. This isn't even like the Bronze Age collapse.
We should be treating our accessible resources as finite, and improve the efficiency of using them, just to make sure we can keep enough until all the breakthroughs we need to explore resources outside of Earth exist.
It's like the propaganda from the oil industry, talking about how plastics are so damn important for modern life and we couldn't live without the oil industry. It's absolutely true, but it also gives a very clear argument on why we shouldn't be wasting fossil resources to be burnt for energy if we can find other ways to access energy, we should be keeping as much as possible of this finite resource (which very likely doesn't even exist in any close proximity to Earth) for its more useful material products like plastics.
Yes, resources are technically finite, but we are a long way away from that mattering.
Until then, there's a limit on how cheap we can get our resources---and human ingenuity is chipping away on that. But scarcely a limit on the absolute amount of resources.
> Are you arguing that the model didn’t predict fracking correctly or what’s your point exactly?
The model didn't predict anything correctly. Fracking is just something on top of people's minds now, but the model didn't take the green revolution into account, when that was already underway when they formulated it.
At risk of speaking for the parent, I think that sentence sums it up. Specious is the fancier word for it.
These 'analyses' take a myopic view of a complex buffered system and well beyond the predictive power of the analysis.
Kind of like saying $MSFT went up 1pct today, so by this time next year it will be up 365% and in a decade its exponential growth will collapse the economy.
For a recent non-contrived example, projections of electric vehicle ownership haven't exactly followed expectations.
But the growth doesn't automatically mean that it happens because of the resource use increase. Growth often results in technologies that use _less_ resources: cars and lighting are prime examples.
> Are you arguing that the model didn’t predict fracking correctly or what’s your point exactly?
I'm arguing that predicting the exact point where the growth limits are reached is impossible. Especially when it's not due to something fundamental like the Sun's total energy output multiplied by the lowest possible entropy increase quantum.
and before that the same thing happened. you can find books in the library from the 70's saying the same thing about oil by the year 2000
all that's happened is that commodity economics kick in. the scarcity of oil prompts people to pay more for the oil. the higher price of oil makes investors realize they can write larger checks to people aiming to explore for oil in harder to reach places with expensive machinery, to make enough to pay back the investors.
which is why deep sea expeditions took off, which is why fracking took off
the trend is likely to continue
this is what occurs in some other commodity markets as well
That said, it seems to check out. Everything we do, every technological step forward, is always inevitably configured within the frame of a capitalistic belief system, with the myth of growth locked in place as its central device.
My existential angst definitely didn’t need this read today.
It's not overtly technical or inaccessible, if you're a quick reader it only takes a few hours (probably less than what many people spend on Youtube or other internet feeds daily).
Don't wait for some second hand opinion/summary/rephrasing/interpretation, everyone will have their own bias.
The communists in the Soviet Union and mainland China also did some science. We also have plenty of folks in research today who are less than favourably disposed to capitalism (and growth).
> Do we have references for how correct these type of predictions were in the past about similar claims?
They have always been wrong since before Malthus.
You might like https://fass.nus.edu.sg/ecs/wp-content/uploads/sites/4/2020/...
I am NOT anti-capitalistic per se, but I am certainly critical of any view that takes capitalism (any form of it, even the best ones like the Scandinavian versions) and unbridled growth as an unshakable tenet of our present and our future.
In other words, I am luckily not at a Mark Fisher stage.
Thanks for the link.
Huh? I defended communism as also producing some science. (There was also quite a bit of science in pre-capitalist societies.)
Sorry, I don't know who Mark Fisher is nor what stage he acted on.
> Thanks for the link.
I hope you enjoy the read as much as I did.
How is this relevant, and what does is even mean?
> Everything we do, every technological step forward, is always inevitably configured within the frame of a capitalistic belief system, with the myth of growth locked in place as its central device.
Tech advancements and growth are kinda the same things tho. Being static - not growing - implies a lack of change. Tech advancements only spread if your can do cool new things with them.
Some of the most productive research we could possibly do is basic research. But because basic research doesn't directly produce monetizable practical improvements, it doesn't get private funding (besides Bell Labs analogs) and is in practice woefully underfunded.
This is a failure of resource allocation that is attributable directly to capitalism.
I'm not advocating a communist revolution here, just pointing out a downside to capitalism.
It is relevant to anything that is remotely "economic". We consider capitalism like fish consider water. I'm only just pointing out that we're all constantly wet, but unlike fish, that's not a condition we depend upon for life.