A broken game underpinned by fossil energy "slaves". A single jumbo jet is the equivalent of 100,000 horses worth of continuous power. One barrel of oil does the equivalent work of 4.5 years of human labor. As a consequence current oil consumption equals the employment of 500 billion fossil fuel “energy slaves” in our economy. This vast disruptive army has enabled the level of global consumption responsible for the relentless poisoning of oceans, the degradation of forests, the depletion of fisheries, the erosion of soils, the disruption of nutrient cycles and the destabilization of the climate. "Energy is so fundamental, that its availability sets the physical limits to our social scale. All life, commerce, work, or creation of order is enabled and limited by available net energy (Hall and Klitgaard, 2011). As GDP increases globally, energy needs to increase in lockstep. Until the 1970s, energy and GDP were nearly perfectly correlated; a 5% increase in GDP required a 5% rise in energy consumption (Cleveland et al., 1984). This was followed by a short-term energy/GDP decoupling due to efficiency advancements resulting from the oil & natural gas price shocks in the United States. This further led to a switching from oil use in power plants to nuclear and natural gas. By the mid-1980s debt and globalization were used to increase access to energy needed to keep GDP growing. Much fanfare is made about long term declines in energy intensity. For instance, from 1965 to 2012 the number of MegaJoules used per $ of global GDP declined from 11 to 8, ostensibly signifying a decoupling. However, averaged annually, over these years, the correlation between energy and GDP remained a tightly linked 99.4% (Energy & Stuff, 2019)." - Economics for the future - Beyond the superorganism by N.J. Hagens We are now at or past peak oil. Y'all do the math 💩
I wish more people thought about the notions that 'always turning the qualitative into the quantitative ' & inadvertently 'assuming these quantities will sit still' is not very good for society and the world, and often creates more problems than doing nothing. The first can lead to people thinking about population control as a potential solution, essentially that Thanos was right (a conversation I've had with friends). Thinking about the second one seriously [should] fundamentally shift how you see the world.
As I understand it, germ-theory was not a known thing back when those infected blankets were being given to native Americans, so ascribing malevolent intent isn't accurate (or ethical). I have enormous respect for Daniel, but it's a bummer to hear him talk like some woke SJW college kid.
All board gamers have known this for decades, *_"the financial system is a broken game mechanic"_* plenty of people are exploiting.
A broken game underpinned by fossil energy "slaves". A single jumbo jet is the equivalent of 100,000 horses worth of continuous power. One barrel of oil does the equivalent work of 4.5 years of human labor. As a consequence current oil consumption equals the employment of 500 billion fossil fuel “energy slaves” in our economy. This vast disruptive army has enabled the level of global consumption responsible for the relentless poisoning of oceans, the degradation of forests, the depletion of fisheries, the erosion of soils, the disruption of nutrient cycles and the destabilization of the climate.
"Energy is so fundamental, that its availability sets the physical limits to our social scale. All life, commerce, work, or creation of order is enabled and limited by available net energy (Hall and Klitgaard, 2011). As GDP increases globally, energy needs to increase in lockstep. Until the 1970s, energy and GDP were nearly perfectly correlated; a 5% increase in GDP required a 5% rise in energy consumption (Cleveland et al., 1984). This was followed by a short-term energy/GDP decoupling due to efficiency advancements resulting from the oil & natural gas price shocks in the United States. This further led to a switching from oil use in power plants to nuclear and natural gas. By the mid-1980s debt and globalization were used to increase access to energy needed to keep GDP growing. Much fanfare is made about long term declines in energy intensity. For instance, from 1965 to 2012 the number of MegaJoules used per $ of global GDP declined from 11 to 8, ostensibly signifying a decoupling. However, averaged annually, over these years, the correlation between energy and GDP remained a tightly linked 99.4% (Energy & Stuff, 2019)."
- Economics for the future - Beyond the superorganism
by N.J. Hagens
We are now at or past peak oil. Y'all do the math 💩
💡💡💡
I see the same thing. How do we supplant this? Regenerate our thinking around platforms of exchange,.which money is?
I wish more people thought about the notions that 'always turning the qualitative into the quantitative ' & inadvertently 'assuming these quantities will sit still' is not very good for society and the world, and often creates more problems than doing nothing.
The first can lead to people thinking about population control as a potential solution, essentially that Thanos was right (a conversation I've had with friends).
Thinking about the second one seriously [should] fundamentally shift how you see the world.
@WillSzal on a similar train you are on.
As I understand it, germ-theory was not a known thing back when those infected blankets were being given to native Americans, so ascribing malevolent intent isn't accurate (or ethical). I have enormous respect for Daniel, but it's a bummer to hear him talk like some woke SJW college kid.