I don’t really think you can make an argument that a renewable economy is viable based on hopium type arguments. As with the Club of Rome work, you would have to assume a massive increase in the rate of progress for this to work. In reality the problem seems to be the reverse—productivity increases seem to have slowed considerably.
I don’t really think you can make an argument that a renewable economy is viable based on hopium type arguments. As with the Club of Rome work, you would have to assume a massive increase in the rate of progress for this to work. In reality the problem seems to be the reverse—productivity increases seem to have slowed considerably.
There is a whole discussion about this both in the popular press and among economists https://time.com/4464743/productivity-decline/ https://www.intereconomics.eu/contents/year/2017/number/1/article/the-global-productivity-slowdown-diagnosis-causes-and-remedies.html
It is one thing even to assume present rates of improvement will continue, it is another to assume a dramatic turnaround against the current trend.