Economic expansion cannot continue unhindered and physical limits could soon end the current phase of development, according to a new analysis of the 1972 report “The Limits to Growth”, which was shared on Twitter by the scientific journal Nature.
Economic expansion: how long? Investment and policy decisions are made on the assumption of continued economic expansion, Thomas Murphy Jr., said the author of the article. A finite world of finite resources will not support indefinite growth, he added.
The document also warned of a major collapse before 2100, most likely by the middle of the current century. This cannot be avoided by simultaneously doubling estimated resources, amplifying technological substitutions and efficiencies, aggressively recycling and enforcing strict pollution controls, but imposing explicit limits on industrial production and requiring that birth rates match death rates, he said.
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Muscle intake: Tesla, Inc. TSLA CEO Elon Muskwho, through his electric vehicle company and other businesses, strives to promote sustainable development, shared his views.
“Technically true, but Earth’s economy is extremely far from physical limits,” the billionaire said.
“Energy is the foundation of the economy, but we use a very small amount of available energy, even though we only use PV [Photovoltaic],” he added.
Technically true, but Earth’s economy is extremely far from physical limits.
Energy is the foundation of the economy, but we use a very small amount of available energy, even if we only use PV.
— Elon Musk (@elonmusk) September 16, 2022
One of Musk’s missions is also to make humans a multi-planetary species, and his company SpaceX is working to settle humans on Mars.
Photo: Courtesy of NVIDIA Corporation on flickr