/biz/ - Business & Finance

>>6837451
>You can't change the laws of physics, which is why this statement is retarded. It's getting harder and harder to extract resources because the easy to get at resources are already tapped, technology only allows us to extract the harder to get at resources at an increased cost.

This would normally be true. But the rate of which it becomes harder to extract grows slower than our technological ability to extract it better. Which means that prices will get lower as production cost drops. This is not some opinion or speculation, actual numbers support this.

Please read this https://en.wikipedia.org/wiki/Ore to understand why. (We only classify places as "ore containing" if they are economically extractable which grows exponentially every year).

>The amount of food production per square km is higher due to the use of greenhouses and burning of fossil fuels. 90% of all calories are produced by the use of fossil fuels, as fossil fuels become harder to extract, the cost of food will increase relative to everything else because more resources and manpower will be devoted to their production.

Not true the primary reason it's growing exponentially is the cultivation of higher yielding strains and recently the GMO movement, In fact we are decreasing fuel usage in the farming industry.

>Assumption
Yes it's an assumption. But I picked the worst possible scenario on purpose to show that even in the worst-case it'll still be a very optimistic projection.

>>6837687
>Once I make a certain amount of money from my business, what's the point of investing more into it? Why would I do the effort to grow it if I already have everything I want? You're assuming people will put effort into improving things when life is easy.

This is provably not true. A person's wants & needs always scales. A peasant from 1300s would be satisfied with enough potatoes to fill his belly.