Re:Economics Needs a Post-Crash Revolution
by ClumsyPilot on Monday October 28, 2019 @09:48AM
(#21376926)
You conflate them again! Do you even pay attention to he point I am making?
A developed economy should be stable, not collapse in on itself, if there is a period of no growth. It is disingenuous to try and prove your point by averaging out your income and economic issues with starving kids in Somalia!
Environment is already screwed. It's impossible to counterbalance consumption damage with increase in efficiency because you obviously can't have 300% efficiency.
Electric motor and generator are >90% efficient, most relevant technologies are ~50% and having diminishing returns.
A developed economy should be stable, not collapse in on itself, if there is a period of no growth. It is disingenuous to try and prove your point by averaging out your income and economic issues with starving kids in Somalia!
Environment is already screwed. It's impossible to counterbalance consumption damage with increase in efficiency because you obviously can't have 300% efficiency.
Electric motor and generator are >90% efficient, most relevant technologies are ~50% and having diminishing returns.