- 10 Sep 2018 12:09
#14945389
I this wishful thinking from your part? There's no reason to believe any of this will happen. Natural resource rents are a few percent of world GDP at best and extraction costs are below rents (far below in some cases). Neither are natural resources really finite.
annatar1914 wrote:There will be, in a historically short period of time, no industrial economies to speak of. Too many people, high demand for finite resources, and the gears of the machinery will grind to a halt. Most of humanity will die.
I this wishful thinking from your part? There's no reason to believe any of this will happen. Natural resource rents are a few percent of world GDP at best and extraction costs are below rents (far below in some cases). Neither are natural resources really finite.