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Sönke Matthewes's avatar

Good read. Fully agree on the first two fallacies, and hence with your conclusions re the impact of robots. However, I disagree with the tenets of your third point. It ignores that we face serious collective action problems („tragedy of the commons“) and externalities when it comes to environmental resource use. So, we cannot rely on markets and rising prices to just fix the problem. Also, climate change isn’t even about a finite resource „running out“, so that rising prices could trigger substitution, but about certain environmental mechanisms irreversibly tipping over (e.g. Gulf Stream). I feel here the discussion „finite or not“ slightly misses the point. Hence, I’m less optimistic when it comes to the climate and environment and would argue that we need immediate and drastic government intervention.

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Andrew Riddell's avatar

To challenge the limits to growth don't you need to explain away the ecological/biodiversity trends - i.e. move outside the economic lens to a much wider view?

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