I think people are emphasizing the peculiar relationship between investment/growth and staving off disaster. Oil is "unsustainable" it is not a Ponzi scheme (in the popular sense) because if people doubled the amount of…
It isn't being applied to "everything [people] think is bad"; it is being applied to situations where the form "bad" takes is a reliance on continuous growth/investment/new-rubes to prevent collapse/disaster. It may…
I think people are emphasizing the peculiar relationship between investment/growth and staving off disaster. Oil is "unsustainable" it is not a Ponzi scheme (in the popular sense) because if people doubled the amount of…
It isn't being applied to "everything [people] think is bad"; it is being applied to situations where the form "bad" takes is a reliance on continuous growth/investment/new-rubes to prevent collapse/disaster. It may…