Re:My take on the study from MIT that predicts “societal col...
by aga98mtl on Friday July 16, 2021 @08:44AM
(#27855647)
When a ressource gets rares, prices go up. This drives big incentives to work on substitutes, recycling, higher efficiency, etc.
Ex: People were predicting Peak Oil is the end of our civilisation. Turns out there is plenty of oil deep in the seabed if you are willing to pay $100 per barrel. In turn, $100 barrel push hard on consumers to use more efficient vehicles.
Market prices are a powerful signal that causes everyone to adapt.
What ideas made you change your view?