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In reply to the discussion: This is the future. It doesn't include jobs for humans. [View all]GliderGuider
(21,088 posts)67. Very few of us "really read" outside our choice of ideological frameworks very often.
Or at the very least we interpret what we read in terms of our personal worldview. The nature of belief makes it difficult to impossible to do otherwise. It's one reason people disagree so much.
"A man hears what he wants to hear, and disregards the rest."
On edit:
If you wish to read outside your ideological framework in economics, you might try this paper. It pretty well defines my view of the driving forces of world economics:
Long-run evolution of the global economy: 1. Physical basis
Abstract
Climate change is a two-way street during the Anthropocene: civilization depends upon a favorable climate at the same time that it modifies it. Yet studies that forecast economic growth employ fundamentally different equations and assumptions than those used to model Earth's physical, chemical, and biological processes. In the interest of establishing a common theoretical framework, this article treats humanity like any other physical process; that is, as an open, nonequilibrium thermodynamic system that sustains existing circulations and furthers its material growth through the consumption and dissipation of energy. The link of physical to economic quantities comes from a prior result that establishes a fixed relationship between rates of global energy consumption and a historical accumulation of global economic wealth.
What follows are nonequilibrium prognostic expressions for how wealth, energy consumption, and the Gross World Product (GWP) grow with time. This paper shows that the key components that determine whether civilization innovates itself toward faster economic growth include energy reserve discovery, improvements to human and infrastructure longevity, and reductions in the amount of energy required to extract raw materials. Growth slows due to a combination of prior growth, energy reserve depletion, and a fraying of civilization networks due to natural disasters. Theoretical and numerical arguments suggest that when growth rates approach zero, civilization becomes fragile to such externalities as natural disasters, and the risk is for an accelerating collapse.
Abstract
Climate change is a two-way street during the Anthropocene: civilization depends upon a favorable climate at the same time that it modifies it. Yet studies that forecast economic growth employ fundamentally different equations and assumptions than those used to model Earth's physical, chemical, and biological processes. In the interest of establishing a common theoretical framework, this article treats humanity like any other physical process; that is, as an open, nonequilibrium thermodynamic system that sustains existing circulations and furthers its material growth through the consumption and dissipation of energy. The link of physical to economic quantities comes from a prior result that establishes a fixed relationship between rates of global energy consumption and a historical accumulation of global economic wealth.
What follows are nonequilibrium prognostic expressions for how wealth, energy consumption, and the Gross World Product (GWP) grow with time. This paper shows that the key components that determine whether civilization innovates itself toward faster economic growth include energy reserve discovery, improvements to human and infrastructure longevity, and reductions in the amount of energy required to extract raw materials. Growth slows due to a combination of prior growth, energy reserve depletion, and a fraying of civilization networks due to natural disasters. Theoretical and numerical arguments suggest that when growth rates approach zero, civilization becomes fragile to such externalities as natural disasters, and the risk is for an accelerating collapse.
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Exactly. With a great deal of permanently-unemployed people they could riot, loot, etc.
Louisiana1976
Aug 2014
#31
Exactly! We certainly are not even close, but that's what it will be ... the road getting there
RKP5637
Aug 2014
#52
Here's three almost forgotten words guaranteed to drive the right winger in your life insane...
Spitfire of ATJ
Aug 2014
#55
Very few of us "really read" outside our choice of ideological frameworks very often.
GliderGuider
Aug 2014
#67
I understand about a model where humans do not have to work to earn resources.
djean111
Aug 2014
#20
It may be that we can engineer a guerilla-automated-capital-production campaign.
DireStrike
Aug 2014
#47
I think a GNI would be an excellent idea--but agree that it would be diffiicult, if not impossible,
Louisiana1976
Aug 2014
#35
Pretty much every "thing" is already manufactured in a factory, which takes energy.
DireStrike
Aug 2014
#49
Republicans will be lost now that they wont be able to say. Get a JOB you lazy bum!
ErikJ
Aug 2014
#25
We saw this coming decades ago. In some of my economics classes we discussed a jobless society.
RKP5637
Aug 2014
#51
I think this is coming, but the effect so far is not enough to explain current employment problems
Silent3
Aug 2014
#79
The only reason for the very existence of most of us is that the Elite need labor grunts
johnlucas
Aug 2014
#80