[HN Gopher] Limits to Growth (1972)
       ___________________________________________________________________
        
       Limits to Growth (1972)
        
       Author : Tomte
       Score  : 89 points
       Date   : 2024-12-30 10:02 UTC (12 hours ago)
        
 (HTM) web link (bit-player.org)
 (TXT) w3m dump (bit-player.org)
        
       | phtrivier wrote:
       | I would be an interesting addition to clarify what "resources"
       | mean here.
       | 
       | A common rebuttal of the Meadows report that I keep reading is
       | "they predicted we would run out of resources, and we never ran
       | out of anything."
       | 
       | Do they mean metals ? Coal ? Oil ? (As I understand it, we
       | _kinda_ ran out of conventional oil, but were able to replace it
       | with shale oil et al... so it's unclear [1])
       | 
       | [1] https://en.wikipedia.org/wiki/Peak_oil
        
         | trod1234 wrote:
         | They clarified what resources mean in the updates.
         | 
         | They also used simplification models which don't account for
         | many of the cascading problems that can't be directly
         | quantified (i.e. dragon king events, debt defaults/ponzi
         | failures, pollution (pfas). There was an austrian report that
         | showed we are following the business as usual approach, and
         | that we have dangerously overshot.
         | 
         | Brittle systems lead to unexpected and chaotic failures.
         | 
         | Failures in food production, or related logistics; would spell
         | catastrophe since half the population is dependent on peacetime
         | technological production methods.
        
         | em500 wrote:
         | Best to get this straight from the source[1,2]. Resources are
         | detailed from p.54 onward.
         | 
         | [1]
         | https://archive.org/details/TheLimitsToGrowth/page/n55/mode/...
         | 
         | [2]
         | https://web.ics.purdue.edu/~wggray/Teaching/His300/Illustrat...
        
         | roenxi wrote:
         | > (As I understand it, we _kinda_ ran out of conventional oil,
         | but were able to replace it with shale oil et al... so it's
         | unclear [1])
         | 
         | That doesn't really change the math. It is a finite resource,
         | the amount consumed keeps going up. There has to be a peak.
         | Growth tends to be to a logarithmic or exponential curve, so
         | adding a huge amount of extra resource doesn't change the date
         | all that much on long timeframes.
        
           | ttoinou wrote:
           | Resources are infinite (Julian Simon).
           | 
           | And exponential doesnt mean the peak will be in 20 years. It
           | could be 500 years.
        
             | roenxi wrote:
             | Real resources humanity can access are not infinite
             | (scientists & engineers) and economists can get their
             | assumptions wrong (everyone, including economists).
             | 
             | And there is no way our current trend of oil use can be
             | sustained for 500 years. By then our oil use will be
             | negligible compared to what it is today unless something
             | truly bizarre and unforseeable happens.
        
               | jvanderbot wrote:
               | If we make oil from nuclear or solar power using fuel
               | synthesis, we can carry forward indefinitely.
        
               | roenxi wrote:
               | Yeah but we wouldn't do that. It doesn't make sense to
               | pay the energy conversion costs; it is already more
               | efficient to store power in non-oil batteries.
        
               | Earw0rm wrote:
               | Not true for aviation, where weight and volume are both
               | constraints.
        
               | jvanderbot wrote:
               | For me, scarcity arguments based on "preferences" don't
               | make a ton of sense, but I see your point.
               | 
               | I'd give even odds there will always be use cases for
               | burnable fuels, and almost all vehicles use burnable
               | fuels currently. Sure seems a shorter path to just pull
               | CO2 out of the air and keep moving along as we always
               | have, vs electrifying everything.
        
             | baq wrote:
             | Grow our civilization's energy consumption by ~2% yoy and
             | you'll boil the oceans in 400 years.
             | 
             | Or course, the planet will be uninhabitable much, much
             | earlier, so it doesn't matter too much.
        
               | psychoslave wrote:
               | Maybe we can go with a bit more of nuances here.
               | Uninhabitable is probably an "overstatement", as in, if
               | all human civilizations collapse globally consequently to
               | its collective hubris, chances are good that other
               | species will thrive in this very different world. We can
               | even suppose continuation of some humans but with
               | different life modalities.
        
               | baq wrote:
               | I'm not sure which part of 'boil the oceans' you think we
               | can sort of exist in. In this scenario we become Venus
               | except with thinner atmosphere, so no balloons to save
               | us.
        
               | throwway120385 wrote:
               | They're not saying we can exist. They're saying that it's
               | not uninhabitable to something, therefore making the
               | value judgement that it would be uninhabitable is simply
               | not true. Which is another kind of value judgement about
               | how important your own values are.
        
               | Earw0rm wrote:
               | Someone should have told Intel when they started work on
               | Netburst.
               | 
               | Some optimization required...
        
               | RandomLensman wrote:
               | Provided most energy ends up as waste heat, not as/in
               | stuff, I suppose (leaving aside doing waste heat
               | intensive things off planet and dropping products back to
               | earth etc.).
        
               | baq wrote:
               | Managing heat with purely radiators (i.e. no need to dump
               | hot matter into space to lose it forever) is...
               | challenging at scales required. Not saying it can't be
               | done, but it's a long shot.
        
               | RandomLensman wrote:
               | Yes, purely radiating away heat might be tough. That
               | said, 400 years at 2% is more than a factor of 2,500 -
               | I'd expect some quite substantial changes to go with that
               | as far as industry and society are concerned. For
               | example, a lot more energy use might not be waste heat
               | but creation of stuff or waste being high energy
               | energetic radiation.
        
               | orwin wrote:
               | Your main point might be real, but until we manage to
               | make it work around 0K, i'd have a hard time to believe a
               | carnot engine can have an efficiency close to one. I
               | think current "future" tech aim for something like ~50%
               | (theorical) efficiency, and that's with a _very_ wide
               | temperature differential that would put a real strain on
               | materials.
        
               | Earw0rm wrote:
               | This extrapolation is based on "money is a claim on
               | energy", which assumes some kind of linear, or linear-
               | like relationship between energy and wellbeing.
               | 
               | Just because a relationship is linear-ish up to a point
               | doesn't mean it always will be.
               | 
               | The system is trapped in a what-is-measured-is-what-is-
               | managed loop, where we worship "growth" without
               | understanding what it's for.
               | 
               | These can all be true without contradicting one other:
               | 
               | - Many people on the planet can't access as much energy
               | as they need to achieve optimum happiness and wellbeing.
               | Making more energy available to them would alleviate
               | suffering.
               | 
               | - Providing enough for all 9Bn to reach their optimum
               | without destroying the environment will be extremely
               | difficult. There aren't enough critical minerals
               | available with current tech for everyone to live a high-
               | energy electric dream.
               | 
               | - Some have vastly more energy than they need, and
               | depleting resources to make them richer won't make them,
               | or anyone else, happier. There is a diminishing returns
               | effect beyond a certain point, where a massive increase
               | in consumption only produces a small net gain.
               | 
               | - Nevertheless, the super-rich do not have so much that
               | we could redistribute it all and the poor would also have
               | enough. Liquidate the rich, give it all away and the poor
               | will be.. slightly less poor.
               | 
               | - The relationship between energy and wellbeing is not
               | fixed or linear, and may indeed come down with time. For
               | example, if you have an effective and energy-efficient
               | information system, people don't need to expend as much
               | to live a good life (you don't need to go halfway around
               | the world to find the girl or the job, if it turns out
               | there was a good one in the next town or city over, but
               | if your information systems suck you'll never know). Same
               | for matching buyers to sellers and so on.
               | 
               | $2Bn accrued to the balance sheet of Elon Musk counts the
               | same in global GDP as $2Bn accrued to the balance sheet
               | of Ghana. I don't need to tell you which one will do more
               | for humanity.
        
               | baq wrote:
               | I just want to point out I don't care about numbers in
               | computers, since they rather obviously don't matter for
               | thermodynamics of oceans. Dollar-cheap infinite energy
               | (fusion... if it's here) is actually a scary prospect
               | from the boiling of oceans perspective. Current economic
               | system will need to adapt globally or it'll destroy the
               | civilization it helped create in an epic overshoot.
               | 
               | I don't care if the system understands what's it for as
               | long as the planet remains habitable. Regulators have a
               | _tough_ nut to crack without a world government to
               | prevent runaway collapse due to either scarcity or
               | abundance of energy.
        
               | Earw0rm wrote:
               | Perhaps. Dollar-cheap infinite energy (massive IF) also
               | means interplanetary civilisation (also massive IF)
               | starts to look viable.
               | 
               | I'm personally not convinced we'll get there. "S"-curves
               | also look exponential in the first half of their
               | lifetime. Trouble ahead, but on the positive side, don't
               | underestimate human ingenuity when it comes to keeping
               | those bread trucks rolling.
               | 
               | Looking at outcomes - within the global top 20% or so of
               | nations, there is little correlation between GDP and
               | happiness, freedom, life expectancy and so on. A net
               | worth of $1B, $10B, $100B buys you weeks (if that) of
               | life expectancy vs $10M. What do we actually think we're
               | going to get in return for boiling the oceans? Food? Sex?
               | Shelter? Love? Or just a bunch of AI-generated VR porn?
        
             | Iridescent_ wrote:
             | Conventional has already peaked, and it is possible that
             | even producers will decide to stop extracting
             | nonconventional oil because it is too expensive and the
             | price of a barrel fluctuates too much (IEA 2020)
        
           | spacebanana7 wrote:
           | Liquid fuel isn't a finite resource, or is at least only
           | finite to the extent the universe is finite.
           | 
           | Whether we use conventional oil, shale or synthetics is
           | really just an implementation issue. The basic idea of solar
           | energy + hydrogen + carbon is pretty much common.
        
             | BriggyDwiggs42 wrote:
             | Wait what are you arguing exactly?
        
           | psychoslave wrote:
           | Growth itself is very ambiguous.
           | 
           | To start with, there will always be a growing number of
           | events that (relatively to our species evolution, until its
           | disappearance) will be in the past. Not necessarily more
           | events with artifacts to which we can have access to though.
           | 
           | It's not like "consumption" is an act of annihilation of
           | anything, this is all transformations. At least as far as
           | energy-mass equilibrium goes.
           | 
           | In a sense, we can literally lose information, as it will
           | never be possible to access it again, be it a star (the
           | stellar body) existence that is out of observable, a species
           | which disappeared million years ago that has let no trace of
           | its passage on earth, or our beloved ones whose loving memory
           | won't last much centuries.
        
           | anovikov wrote:
           | Current theory is that there will be peak demand instead.
           | Which is same as "peak", but happens with prices falling
           | rather than increasing.
        
             | polotics wrote:
             | Interesting! Can you point to a good model that shows
             | demand constrains first and ahead of availability crunch? I
             | never saw anything approaching that result, liquid fuels
             | are hard to replace, no?
        
               | datadrivenangel wrote:
               | We've reached 'peak carbon'. The world is increasingly
               | acknowledging that higher concentrations of carbon
               | dioxide and other greenhouse gases in the atmosphere
               | increase the overall temperature of the planet, which
               | changes planetary weather patterns, and that this
               | changing climate is expensive to adapt to.
               | 
               | As such, we're emitting a more than economically optimal
               | amount of carbon dioxide, and demand overall should drop.
               | Hence, peak demand. More energy consumption can give us
               | more good things, so the energy consumption itself isn't
               | bad, but we've reached a point where the side effects of
               | the energy consumption are eating into the benefits we
               | get, probably past the point of marginal benefit overall.
        
               | polotics wrote:
               | mmh sure. I think your take is extremely optimistic, you
               | mention The World as if there were a collective
               | direction, but from where I stand CO2 emissions look like
               | the ultimate example of the tragedy of the commons.
               | 
               | Also the side effects of benefits have large delays, so
               | economics are very dependent on the rate of discount you
               | use for your net-present-value calculation...
        
           | cryptonector wrote:
           | Yes, you are totally correct, and yet the Malthusians can be
           | wrong when applying this argument because we humans respond
           | to price signals.
        
             | orwin wrote:
             | Price signal are only relevant is you have a price
             | elasticity of demand, which oil and gas obviously don't
             | have, as they are the building bricks of modern trade and
             | production. Also if logic isn't enough, you just have to
             | look at oil price/consumption to see how inelastic oil
             | prices are.
        
               | cryptonector wrote:
               | > price elasticity of demand, which oil and gas obviously
               | don't have
               | 
               | Not remotely clear. First, we have enormous amounts of
               | coal and uranium, so we can make electricity for
               | thousands of years, and EVs mean that if we have to give
               | up on oil, we can. Second, the U.S. has something like
               | 1,200 years' worth of proven shale natural gas
               | reserves(!), so again, we can make all the electricity we
               | need.
               | 
               | And many countries have vehicle fleets that run on
               | natural gas, so again we could give up on oil if we had
               | to.
               | 
               | Manufacturing natgas-powered vehicles is way less
               | resource intensive, and way more sustainable than
               | manufacturing EVs. And if we have that much in the way of
               | shale natgas reserves then running out of oil won't be as
               | big a problem as you paint it.
               | 
               | The development of natgas-powered vehicles and EVs
               | happened in spite or because of the demand inelasticity
               | of oil.
        
         | spacebanana7 wrote:
         | There's still plenty of conventional oil capacity in West
         | Africa, Iran and Venezuela.
         | 
         | None of those places are producing at anything close to max
         | capacity. Nobody really cares (other than the people who live
         | there) because the world has enough shale.
        
         | Iridescent_ wrote:
         | Shale oil is extremely unreliable, and its producers have
         | barely ever been able to make any margins out of it because the
         | required investments are heavy and constants. Wells reach
         | maturity after months or weeks, and then they need to be
         | replaced. If we have not yet reached peak _all_ oils, then it
         | will probably happen in the coming years.
        
         | palmfacehn wrote:
         | A good example is the claim that land is an inelastic resource.
         | The counter point is the supply of accessible land worth
         | utilizing is elastic. Improvements in transportation technology
         | open up more land for utilization.
        
       | d_silin wrote:
       | If you run it on defaults for longest possible time (500 years),
       | the outputs will reach the equilibrium state.
       | 
       | It is very simplified simulation, of course. But seems to
       | indicate that even in the absence of expansion beyond our home
       | planet, humanity will not go extinct, but rather settle into some
       | ground state .
        
         | vouaobrasil wrote:
         | It seems unlikely that humanity will go extinct. Even in the
         | case of a massive population crash, there would be many
         | "islands" of communities and all of them would still have quite
         | a few local technologies such as knives and whatever else they
         | can make like basic wheels.
        
           | psychoslave wrote:
           | >It seems unlikely that humanity will go extinct.
           | 
           | From what our geological archives tell us, this seems rather
           | the most likely scenario, even if we all managed to transform
           | ourselves into wise people whose main trait would be
           | temperance and judicious anticipation driven by efficient
           | peaceful communication leading to the whole humanity living
           | in harmony. Having a species that reach a stable form over
           | million of years is not that easy.
        
           | cryptonector wrote:
           | At some point the levels of CO2 in the atmosphere will
           | irreparably drop below plant starvation levels, then humans
           | on Earth will go extinct. Even if not, at some point the
           | atmosphere will thin too much, then humans on Earth will go
           | extinct. Even if not, at some point the Sun will go red
           | giant, and then for sure humans on Earth will go extinct.
        
             | vouaobrasil wrote:
             | Of course, all creatures will eventually. I just meant in
             | the next 10,000 years.
        
               | cryptonector wrote:
               | At the rate at which CO2 is disappearing from the
               | atmosphere -or rather at the rate it was disappearing
               | before the Industrial Revolution- we might only have one
               | or two million years left. That's rather soon. The IR may
               | well have added millions of years to the remaining
               | lifetime of photosynthetic and aerobic life on Earth.
        
               | vouaobrasil wrote:
               | Well, even if that's the case, I don't think it's a big
               | loss. All things live and die, and our time will come
               | too.
        
         | pfdietz wrote:
         | I'm not sure how a simplified simulation indicates anything.
         | You have to assume it represents reality, but how is that
         | assumption justified?
        
       | empiricus wrote:
       | A couple of years ago I learned it is possible to create glucose
       | directly from solar power. The estimates from the authors of the
       | paper were that earth could feed 1 trillion ppl this way.
        
         | gooseus wrote:
         | True, but the systems that do this most effectively require a
         | lot of other limited resources besides solar power - most
         | notably arable soil, fresh water, time, and usually also some
         | additional processing to render that glucose ingestible for one
         | of those people.
         | 
         | So maybe the Earth could supply 1 trillion people with food if
         | it was turned into a farm planet devoid of any other
         | biodiversity but those required to support human life, assuming
         | those 1 trillion people were living and doing all their non-
         | agricultural industry somewhere else.
        
         | pfdietz wrote:
         | Sounds about right. That's the limit from direct thermal
         | pollution. It involves basically turning the Earth into a space
         | station, with air and water cleaned and recycled.
        
         | buescher wrote:
         | Now if we could just find a way to iterate on methods of doing
         | that, maybe use evolutionary methods, eventually we'd have
         | practical, efficient methods of using solar power to make food!
        
         | DoctorOetker wrote:
         | Do you have a reference to the paper?
         | 
         | If the same could be done for amino acids, starting from feces,
         | and if the electro-biological transducer could be mineaturized
         | people could get it installed in their stomachs & bowels, with
         | an extension cord coming out the exit orifice, like a vacuum
         | cleaner...
        
       | WillAdams wrote:
       | For a discussion on this see:
       | 
       | https://dothemath.ucsd.edu/2012/04/economist-meets-physicist...
       | 
       | Isaac Asimov wrote a short story which touches on this (basically
       | the last zookeeper/pet owner is confronted with the requirement
       | that his menagerie be exterminated) and also did some
       | calculations --- if the earth's crust were converted to biomass,
       | there would be a limiting element if memory serves, phosphorous.
        
       | gooseus wrote:
       | As an aside Meadow's primer Thinking in Systems[1] should be a
       | required text in middle/high schools (imho).
       | 
       | Donella Meadows died of cerebral meningitis at the age of 59 in
       | 2001[2], I truly wish she was someone we could be hearing from
       | today.
       | 
       | [1] https://wtf.tw/ref/meadows.pdf
       | 
       | [2] https://en.wikipedia.org/wiki/Donella_Meadows
        
         | arthurjj wrote:
         | Strongly endorsed for middle/high schoolers introduction. I
         | read it last year and thought it was a good _introduction_ but
         | will feel a little simple for the HN crowd. Most of the value
         | is in The Appendix followed by Chapters 1, 2 and 6, so you
         | could even shorten it more. My only caveat is there 's a lot of
         | degrowther propaganda in it that you would need to caution the
         | kids against
        
           | bmitc wrote:
           | > degrowther propaganda
           | 
           | What do you mean by that?
        
             | MarkusQ wrote:
             | The whole book is an argument against growth (cf the
             | title). More specifically, all the models implicitly assume
             | that rising costs will never reduce demand (and thus
             | consumption), drive the search for alternatives, or make
             | increased efficiency economically viable. It like writing a
             | book called "The limits to driving" and showing that pretty
             | much every car on the road will quickly smash into
             | something if the drivers are assumed to continue
             | accelerating in their present direction, and no one is
             | going to use their steering wheel or breaks effectively.
        
               | Jtsummers wrote:
               | This particular subthread is about the book _Thinking in
               | Systems_ , not _The Limits to Growth_.
               | 
               | While related, they are not the same book.
        
               | MarkusQ wrote:
               | My bad. Thank you for the correction.
        
               | whilenot-dev wrote:
               | _Thinking in Systems: A Primer_ is an introduction into
               | systems thinking, about stocks (resources), flows
               | (actions) and feedback loops. The book isn 't an argument
               | against growth, but an argument for the sustainability of
               | systems, especially how to think about and model them.
               | The boundaries of a modelled system are purely
               | conceptional and won't exist in the real world like we'd
               | wrongly assume, D. Meadows makes this more than clear. I
               | think @arthurjj is reading something into it that just
               | isn't there.
        
               | MarkusQ wrote:
               | Ah. Thank you. I misread the thread.
        
             | arthurjj wrote:
             | I don't have a copy in front of me but throughout the book
             | there are many comments made against modern society and
             | some of the examples that she gives are clearly 'set up' to
             | be against growth. I didn't realize she also wrote Limits
             | to Growth and according to wikipedia, used some of that
             | work and was edited by an org called the Sustainability
             | Institute which explains it.
             | 
             | [1] https://en.wikipedia.org/wiki/Thinking_In_Systems%3A_A_
             | Prime...
        
               | whilenot-dev wrote:
               | You seem to conflate the term _sustainability_ with  "
               | _degrowth_ " which is just not the case in the book
               | _Thinking in Systems_. I 'm really curious where you
               | picked that up from? In fact, a non-sustainable system is
               | a system that is very far from any growth because it is
               | about to collapse - only a sustainable system is able to
               | grow, natural and artifical alike.
        
               | bmitc wrote:
               | But propaganda? What is the agenda, then, and what would
               | be obtained through that agenda?
               | 
               | There are very clear issues in both society and the
               | environment that are both directly and indirectly caused
               | by the obsession with growth.
        
           | _Algernon_ wrote:
           | I think that when trying to determine what is propaganda, all
           | else being equal, a good rule of thumb is that the messaging
           | in support of the prevailing system is more likely to be
           | propaganda than the messaging against it. This is due to the
           | simple fact that the prevailing system (in this case growth
           | focus / capitalism) has all societal institutions built to
           | support it.
        
             | _DeadFred_ wrote:
             | Hard disagree. Just because people reached a consensus on
             | something doesn't then mean talking about that something is
             | propaganda. Is all talk about modern medicine propaganda?
             | All talk/technology that uses AC electrics over DC?
             | 
             | In the modern world it seems like EVERY discussion is 'why
             | XYZ is wrong' and there is zero defense/explanation of
             | how/why we reached/settled on XYZ (current norms) in those
             | discussion, just attempts to discredit xyz/norms.
        
       | jl6 wrote:
       | Ironic that the model is all about how finite resources must
       | eventually run out, and so _production_ cannot grow without
       | limit, whereas in the real world it's _consumption_ which seems a
       | more pressing threat. We are probably capable of producing and
       | burning more than enough fossil fuel to render the climate very
       | human-unfriendly.
        
         | wavemode wrote:
         | I remember when gasoline hit $3 per gallon and people were
         | extrapolating that it was starting to run out, and would
         | eventually reach $100/gallon, triggering global wars and a mass
         | switchover to electric vehicles.
         | 
         | 20 years later and I just filled up my car for $2.89 ...
        
       | mike_hearn wrote:
       | Limits To Growth is kind of a test case for whether people got
       | the memo about the academic research crisis or not (which
       | incorporates the replication crisis, but is wider than it).
       | 
       | The World3 model came out of social studies and isn't even really
       | science, given that the authors never tried to obtain evidence
       | for their hypothesis before publishing. World3 is a toy with no
       | predictive value, which is why reimplementing it in HTML is
       | possible: it's just a handful of equations. Such a thing never
       | could make accurate predictions, which was extremely obvious at
       | the time and pointed out by many (e.g. Nordhaus, Smil), but this
       | didn't stop its authors being feted as great scientists
       | regardless.
       | 
       | There's a lot of similarities here with COVID modelling in the
       | sense that these sorts of academic modelling exercises all seem
       | to suffer the same kinds of problems and social failure modes:
       | 
       | * Over-simplified to the point that laypeople can easily spot
       | what's missing.
       | 
       | * Guesses pulled out of thin air are treated as having equal
       | value to measured data.
       | 
       | * An implicit assumption that the population is purely static and
       | doesn't react to changing circumstances in any way. When later
       | the predictions turn out to be wrong it's argued that they would
       | have been right if not for the modelling causing behavioral
       | changes, making the entire exercise unfalsifiable pseudo-science
       | by its own premise.
       | 
       | * Either never validated against reality or actually falsified,
       | but academics pretend otherwise.
       | 
       | * Predictions phrased vaguely enough that what most people would
       | consider to be falsification is later argued to be within the
       | bounds of one of the many possible scenarios.
       | 
       | The uselessness of such modelling exercises is evident in the
       | fact that despite at least 50+ years of investment by academia
       | and government into them, there are no academic computerized
       | models widely being used to predict the course of the society or
       | economy.
        
         | api wrote:
         | The assumption that human behavior and economic system behavior
         | are static is to me the biggest flaw in virtually all of these
         | models that I have seen. It also underlies adjacent panics that
         | arise based on this kind of thinking, like the overpopulation
         | panic. We can see how wrong that was in retrospect, though it
         | may have been right if all behaviors and systems remained
         | static.
         | 
         | I wish the present day underpopulation panic people would get
         | the memo. They are making the exact same errors around mindless
         | extrapolation of present behaviors and trends. Instead of "with
         | these birth rates we will be eating people in 50 years" it's
         | "with these birth rates we will go extinct!"
         | 
         | There are things to be very concerned about. What happens when
         | you take current behavior and trends and drag it forward on a
         | spreadsheet is not one of them. "If our company continues this
         | growth trajectory we will be worth more than the entire global
         | economy in 25 years!" Every single one of these models and
         | panics is a version of that thinking.
         | 
         | I think a more useful question when faced with such predictions
         | is "how will this _not_ happen?"
        
           | wodderam wrote:
           | This is what the field of complex systems and complexity
           | economics tries to deal with but it doesn't seem like
           | complexity economics has taken off.
           | 
           | With economics too there is a problem that a correct
           | prediction that is acted on will be gamed and become a self
           | defeating seemingly "wrong" prediction.
           | 
           | I think the 2022 recession calls were probably a good
           | example.
           | 
           | If everyone believes there is going to be a recession in the
           | future and everyone acts to avoid the recession we can't know
           | the counter factual in the economy of not predicting the
           | recession to know what was the right prediction.
           | 
           | I have read this process referred to reflexivity but even a
           | best selling trading book by George Soros himself didn't get
           | this idea to stick in the popular mind.
           | 
           | It seems like prediction is not even the right word to use or
           | we should have a different word for a prediction that can
           | influence the outcome of what it is predicting. Then there is
           | even strong and weak versions of this process that we haven't
           | bothered to separate from the proper word prediction in the
           | sense of weather prediction. That the prediction is basically
           | independent of what it is trying to predict.
        
         | not_the_fda wrote:
         | No, it's a test case for whether people understand exponential
         | growth. The very first chapter of the book goes into this.
         | 
         | The inputs don't matter that much when you are growing
         | exponentially. By the time you get pricing signals, you are
         | already cooked.
         | 
         | Its like bacteria in a petri dish, one day you are at 12% full,
         | then, 25%, then 50%, then 100%, then you die off.
         | 
         | We are already seeing the early signs of the system collapse
         | with climate change and we have more and more people pumping
         | more and more carbon into the atmosphere.
         | 
         | The keystone of modern society is agriculture, which was only
         | possible because the climate stabilize 20k years ago. We are
         | destabilizing that climate and are in uncharted territory. We
         | had the opportunity to do a course correction when the book was
         | published but people like you down played the ramifications. In
         | the last 50 years we have done nothing and are now cooked.
        
       | flocciput wrote:
       | What's with the weird jump in life expectancy around 47 years in
       | or so? It's especially visible at higher values of the 4th
       | slider.
        
       | mhh__ wrote:
       | There's a retort called "Models of doom" that I haven't read but
       | can vaguely guess what it'll say. When was the world supposed to
       | have ended by now?
        
       | abetusk wrote:
       | For the lazy, the blog post that accompanies it (2012):
       | 
       | http://bit-player.org/2012/world3-the-public-beta
       | 
       | The source code:
       | 
       | https://github.com/bit-player/limits
       | 
       | I haven't read "The Limits of Growth" but I assume it's from a
       | "peak oil" perspective, predicting societal collapse once oil
       | runs out. I think it's pretty clear we're past idea now, with
       | solar energy and other renewable being deployed globally because
       | of the exponentially decreasing economic costs.
       | 
       | One thing I do find interesting is the cyclic nature of the booms
       | and busts of population growth predicted by the model. Even if
       | the assumptions of the model are invalid (short term finite
       | supply of energy) it still might explain some gross level
       | behavior.
        
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