Money Out of Nowhere: How Internet Marketplaces Unlock Economic Wealth

Re:Money Out of Nowhere: How Internet Marketplaces Unlock Ec... by matt4077 on Saturday March 02, 2019 @04:01AM (#19288361)

You're describing something, but it isn't "wealth". Or, if it is, it's useless.

And if wealth is zero-sum, how can we "all end up a good deal 'poorer' than we were before."? NB: that whole sentence seems to be missing an odd number of negations.

But here's an indicator you'll like: "Energy Intensity" is, basically, production / energy usage. This was surprisingly stable over most of the 20th century, lending some support to the gist of your objection. But, two good news: (1) it's now on a definitive downward trend, proving that thinking does produce value (yeah!). And (2) renewable energy is rising, meaning that energy usage is now decoupling from the harms you allude to (CO_2 et al).

[ Parent | on HN ]

Re:Money Out of Nowhere: How Internet Marketplaces Unlock Ec... by moosey on Saturday March 02, 2019 @11:33AM (#19289849)

The main problem with that energy usage is energy density.

While electric vehicles will be about, I think that personal transport, as one example, will become quite rare.

Does that make us poorer? I don't actually think so. I sincerely believe that it will enrich our lives.

[ Parent | on HN ]