You are viewing an obsolete version of the DU website which is no longer supported by the Administrators. Visit The New DU.
Democratic Underground Latest Greatest Lobby Journals Search Options Help Login
Google

Reply #111: Now this is changing the subject a bit - [View All]

Printer-friendly format Printer-friendly format
Printer-friendly format Email this thread to a friend
Printer-friendly format Bookmark this thread
This topic is archived.
Home » Discuss » General Discussion Donate to DU
bhikkhu Donating Member (1000+ posts) Send PM | Profile | Ignore Sun Jun-05-11 08:49 PM
Response to Reply #109
111. Now this is changing the subject a bit -
but I think that the economy is a textbook example not of "under-utilization of productive capacity due to anemic demand from consumers and businesses", but rather it is a textbook example of the limiting factor of finite energy supply upon productive capacity, and of a population which has met the limits of its resource base. Energy drives the economy and resources are required for economic growth; in a finite world, a point is reached where growing energy production becomes uneconomical, and where resource constraints limit growth. Classic economics don't really account for that, as "substitution" and the "invisible hand of the markets" are supposed to automatically fix everything.

With that said, I think we have a phenomenal economy, probably the largest economy ever supported on this piece of the continent. Its just not growing fast enough to keep up with the growing population, and, given the global and local real energy and resource circumstances, it can't.
Printer Friendly | Permalink |  | Top
 

Home » Discuss » General Discussion Donate to DU

Powered by DCForum+ Version 1.1 Copyright 1997-2002 DCScripts.com
Software has been extensively modified by the DU administrators


Important Notices: By participating on this discussion board, visitors agree to abide by the rules outlined on our Rules page. Messages posted on the Democratic Underground Discussion Forums are the opinions of the individuals who post them, and do not necessarily represent the opinions of Democratic Underground, LLC.

Home  |  Discussion Forums  |  Journals |  Store  |  Donate

About DU  |  Contact Us  |  Privacy Policy

Got a message for Democratic Underground? Click here to send us a message.

© 2001 - 2011 Democratic Underground, LLC