Re:Global real interest rates and the ‘suprasecular’ decline...
by vbarrielle on Friday January 29, 2021 @03:02AM
(#25955135)
> gdp growth =/= energy consumption growth
As far as data is concerned, the correlation is pretty big though: https://theshiftproject.org/wp-content/uploads/2020/05/gdp_e...
Re:Global real interest rates and the ‘suprasecular’ decline...
by bzbarsky on Friday January 29, 2021 @09:06AM
(#25957329)
True, but for the US, for example, energy consumption has been pretty much flat for the last 20 years, and decreasing in per-capita terms. See https://www.bloomberg.com/opinion/articles/2021-01-28/beyond...
It's interesting to see how world trends look as more and more of the world ends up in the position the US was in 20 years ago in terms of economic mix.
gdp growth =/= energy consumption growth
Also 1.03^1000 = 6.810^12, but wolframalpha says the number of stars in the milky way is 310^11. Considering that we're nowhere close to capturing even 1% of the energy output of energy that reaches the earth, let alone all the energy that the sun emits, your estimate of 1000 years is probably off by a few orders of magnitude. Finally, if we're actually capturing all the energy of the milky way, presumably we'd be a space faring civilization and can therefore colonize other galaxies, making that a non-issue.