Reply to post: Re: Doing More With Less

Limits to Growth is a pile of steaming doggy-doo based on total cobblers

shales

Re: Doing More With Less

"Doing more with less" is the definition of capitalism. That is what innovation does, increase efficiencies by creating new markets and new demand. Without capitalism innovation would remain unrealized. This is the primary error of "The Limits to Growth", ignoring how the world actually works. The fact that per capita use of resources is falling is not a signal of decline but rather of efficiency of use which drives profits higher. Falling fertility is not a sign of decline but rather the success in lowering infant mortality and making childhood a happier time across the world because of growing prosperity.

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