Re:The West Forgot How to Make Things. Now It's Forgetting H...
by c22 on Sunday April 26, 2026 @03:05PM
(#47912933)
The vast majority of it was stored underground as petrochemicals. A fact made immediately apparent by looking at like any chart. Is this a serious conversation?
Re:The West Forgot How to Make Things. Now It's Forgetting H...
by fc417fc802 on Sunday April 26, 2026 @03:10PM
(#47912986)
In the vast majority of cases that energy could have come from other sources, though the cost would have been somewhat higher. In the hypothetical case of solar would you still describe it as being finite or stripped from the natural commons? I suppose raw land area or 1 AU solar sphere surface area could be viewed that way but it seems reductionist to me.
What if I use what would otherwise be a waste product to create something people are willing to pay for? For example sawdust. Is that not value creation?
Re:The West Forgot How to Make Things. Now It's Forgetting H...
by WalterBright on Sunday April 26, 2026 @10:16PM
(#47917018)
Are you really positing that America's wealth is due to petrochemicals?
Consider Japan, for example. No petrochemicals. No natural resources. Economic powerhouse.
Consider Russia. Floating on oil. Not a wealthy country.
Inflation is caused by printing money not backed by goods and services. Inflation is another form of taxation.