Economic expansion cannot continue unhindered, and physical limits will soon overwhelm current stages of development, according to a new analysis looking back at the 1972 report “The Limits to Growth,” shared on Twitter by the scientific journal Nature. may end.
Economic Expansion: How Long? Investment and policy decisions are made on the premise of continued economic expansion, Thomas Murphy Jr., said the author of the article. A finite world with finite resources would not support infinite growth, he added.
The paper also warned of a massive collapse before 2100, possibly by mid-century. It cannot be prevented at the same time by applying controls, but it cannot be prevented by imposing explicit limits on industrial production and requiring that birth rates match mortality rates.
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Musk’s take: Tesla Inc. TSLA CEO Elon MuskHe has been working on sustainable development through his electric vehicle company and other businesses and agreed with his view.
“Technically correct, but the Earth’s economy is far from physical limits,” said the billionaire.
“Energy is the foundation of our economy, but even if we use only PV, we are using very little of the available energy. [Photovoltaic],” he added.
Technically correct, but the Earth’s economy is far from physical limits.
Energy is the foundation of our economy, but even if we use only PV, we are using very little of the available energy.
— Elon Musk (@elonmusk) September 16, 2022
One of Musk’s missions is also to make humanity a multiplanetary species, and his SpaceX venture is working to settle humans on Mars.
Photo: Courtesy of NVIDIA Corporation on flickr