Post AkfVOKTja3HjH2F2e0 by sj_zero@social.fbxl.net
 (DIR) More posts by sj_zero@social.fbxl.net
 (DIR) Post #AkfVOIeINoXpbDARpQ by W_Lucht@mstdn.social
       2024-08-05T20:30:55Z
       
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       "Stocks around the world are plunging ... shockwaves through global markets" writes CNN."Stock markets are reeling but economists say: Don’t panic yet" writes the Washington Post."Wall Street suffers worst day in nearly two years after global sell-off" writes The Guardian.👉 Have a look at the Dow of the last 30 years. Do we really think this is sustainable on a limited planet? Good lives do not blindly depend on ever more. Sufficiency is very satisfying - both in the more & in the less.
       
 (DIR) Post #AkfVOJDOHKcLM3aTWy by johncarlosbaez@mathstodon.xyz
       2024-08-05T20:35:22Z
       
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       @W_Lucht - since money is just an abstraction, it's possible for the Dow to keep going up.  It's not possible for carbon emissions to keep going up.
       
 (DIR) Post #AkfVOJnC8DG196L4L2 by W_Lucht@mstdn.social
       2024-08-05T20:41:12Z
       
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       @johncarlosbaez But an abstraction tied to the material world. The claim that economic growth can be mostly dematerialised is part of a myth - open dynamic systems that perform work, like our societies, require an energetic and material gradient through their components to operate and scaling laws apply even when these systems are optimised.
       
 (DIR) Post #AkfVOKTja3HjH2F2e0 by sj_zero@social.fbxl.net
       2024-08-05T20:54:17.331643Z
       
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       You can have "unlimited growth" easily by just lying about inflation. Then they just make it so everything costs more except your wages and so record profits for everyone (and record tax revenue since look at all these profits we can tax!)