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this post was submitted on 27 Jul 2024
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Asklemmy
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I’m unsure of what a finite planet is referencing? Is op suggesting that economic limits are constrained to finite resources? This doesn’t take into account renewables, human creativity and a whole list of other things. If we create a matrix like environment where the limits can be expanded and create new products in that new environment we can still use fiat.
I don’t know why they’re conflating infinite money with finite resources. The two have no relationship to each other.
I think we need more restrictions on finances, so our human creativity can effect. What I see is that most advanced civilizations' largest export is literal trash due to excess and waste, so I figured why not have a discussion about it
Also, every fiat currency has failed in the two ways it can: hyperinflation or clout loss due to no trust in the issuing party (which tends to lead to hyperinflation). Innovation has stalled or at least hit the top of the S curve over the last 50 years, with mostly remixes of old ideas that tend to expedite the finite resources we have, so I don't think technology will outpace inflation
Technically, Planet Earth is huge for us because we cannot use it efficiently or in a reasonable time, and we don't even have to talk about the sun.
Very true, I'll do some research and if I remember I'll give you some papers