Avery just
posted a pretty interesting article comparing the cultural institutions of the United States with those of France. The conclusion that he draws is that the states is an "unstable" society while France is a "flow" society. While I haven't spent enough time in Europe to really comment on the latter (although I suspect he may be somewhat
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Oh well.
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Maybe some miracle form of energy with a better EROI than petroleum will come down the pipe to save us all, but I'm not betting on it.
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I'm not sure that economic growth necessarily requires more energy. Creation of wealth isn't a zero-sum game, wealth can be created from almost none (including energy), in some cases. Admittedly, this isn't quite the common case.
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With regard to your second point (creation of wealth isn't a zero-sum game and wealth can be created from almost nothing), I think that depends on how you define wealth. :) The cheap Chinese goods we intellectual property workers take for granted certainly weren't produced from "almost nothing". You can't wear or eat computer code and patents...
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On a completely different note, I think these sorts of problems (issues of energy and resource utilization) are quite amenable to analysis using computer technology. I'll probably write more about that later in the week.
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But you're right, it'll eventually come to some situation that reduces the standard of living, but I'd much prefer it to be because we tuned our consumption than because we're virtually run out (maybe it'll just become too expensive for most people) of a number of resources. And while it might not look exactly like Mad Max, it probably won't be too pleasant.
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