Re:It looks like you’re trying to take over the world
by imtringued on Sunday March 27, 2022 @10:58AM
(#30820710)
The problem with this exponential growth nonsense is that there are limits to growth. If we had 3% exponential growth for two thousand years we would be colonizing a big fraction of the galaxy by now.
The corona virus hasn't grown exponentially, there have been ups and downs.
With capitalist economies there are depressions and recessions. The napkin math doesn't work.
The concept of having uninterrupted exponential growth every single year is a fallacy. Even interest embodies this fallacy. The lender demands exponential interest, even if the economy isn't growing this year, so people must default on their loans.
Really, all the exponential growth is at best logistic growth with an unknown upper bound. That upper bound can increase over time as society develops but it doesn't grow exponentially. It's more like the exponential phase of logistic growth is an attempt to get to the upper bound as quickly as possible.
The corona virus hasn't grown exponentially, there have been ups and downs.
With capitalist economies there are depressions and recessions. The napkin math doesn't work. The concept of having uninterrupted exponential growth every single year is a fallacy. Even interest embodies this fallacy. The lender demands exponential interest, even if the economy isn't growing this year, so people must default on their loans.
Really, all the exponential growth is at best logistic growth with an unknown upper bound. That upper bound can increase over time as society develops but it doesn't grow exponentially. It's more like the exponential phase of logistic growth is an attempt to get to the upper bound as quickly as possible.