We have built a multi-trillion dollar circular economy that requires infinite growth to survive. We have done this before - and did not end well
Posted by Strange_Self8105@reddit | collapse | View on Reddit | 14 comments
PreptheFlep@reddit
Didimdidimdidimdidimdidim. Cant stop addicted to the shindig.
Yeah, thanks for the earworm.
BoringRedHorse@reddit
The current race for AI is actually very informative to me as a model for the economy as a whole and why we can't and won't stop. I hear the same dangers and arguments for both, and the same general reactions. In both cases the conclusion is the same: at some point we'll be FORCED to stop. And then things will be very, very bad.
systematk@reddit
This video is garbage. It's absurd to even post this in collapse. It's basically acting as though our overused, over stressed, and over capacity planet just needs to ride out an economic deflation for a decade? What about our climate? What about the fact that we are already over capacity population wise by double? What about humanity? All this video is doing is trying to convince you that the Ai will usher in an evolution of humanity. Go try living by by a datacenter and get back to me on that.
imalostkitty-ox0@reddit
I agree, but I think the take-home is dependent on the viewer’s knowledge base. Basically: twenty years from now, whatever few remaining humans are living on the planet will be governed directly by these AIs. And from the perspective of fascism, that is an “excellent tradeoff”. Billions (or maybe just hundreds of millions in an overly optimistic scenario) of human lives traded for a functional Big Brother super-surveillance state. They don’t care if it crashes the economy, or truly destroys the environment — so long as 500,000 people get to live in “peace” behind very, very tall walls.
NyriasNeo@reddit
"It's a story about trillions of dollars being extracted from the broader economy and funneled into infrastructure that requires world GDP to grow at 4% annually for a decade just to justify the bet. That capital had to come from somewhere. And the institutions holding the risk are too big and too interconnected to fail quietly."
So they fail loudly. In fact, we have plenty of loud failures in the past. Lehman brothers, world com, toys r us ....
It does not mean that the economy won't survive. In fact, what does that even means? No one produce anything anymore? Even a shrinking economy is one that still exists.
People still have to eat. Some food still will be produced. Some goods will still be produced. Is that a economy that is surviving or not, even if it is smaller but not zero?
Low_Complex_9841@reddit
I think term "circular economy" supposed to mean something else, this one more like spiraling-out (out of control, too) one ....
periwinklestar1@reddit
So like, spiraling down the toilet?
leisurechef@reddit
Isn’t it like effectively 100% recycling so you don’t need anymore raw inputs?
Low_Complex_9841@reddit
I think yes? Note, I am relatively familiar with skeptical arguments against this possibility by Tomas Murphy and in general Resilience.org / post-carbon institute selected writers .
leisurechef@reddit
Oh don’t get me wrong, totally conceptual & unachievable
dash_nova@reddit
Did u watch the video?
despot_zemu@reddit
No. When did we do this before?
StatementBot@reddit
The following submission statement was provided by /u/Strange_Self8105:
Relevant to collapse because this isn't a story about overvalued stocks. It's a story about trillions of dollars being extracted from the broader economy and funneled into infrastructure that requires world GDP to grow at 4% annually for a decade just to justify the bet. That capital had to come from somewhere. And the institutions holding the risk are too big and too interconnected to fail quietly.
Please reply to OP's comment here: https://old.reddit.com/r/collapse/comments/1s8mm8v/we_have_built_a_multitrillion_dollar_circular/odhrz85/
Strange_Self8105@reddit (OP)
Relevant to collapse because this isn't a story about overvalued stocks. It's a story about trillions of dollars being extracted from the broader economy and funneled into infrastructure that requires world GDP to grow at 4% annually for a decade just to justify the bet. That capital had to come from somewhere. And the institutions holding the risk are too big and too interconnected to fail quietly.