/biz/ - Business & Finance

>>17988441
It, along with the rest of the world minus developing regions, hit the equilibrium of people getting born and the means to extract resources to satisfy these people's needs plateaued, and in fact went above that. Even if energy becomes cheaper as time passes and more and more things appear that drain it, such as a computer on which you sit all day and HVAC in every home, the consumption of energy per capita simply cannot move above what it was 50 years ago. Yes, you read that right. The average person consumes as much energy as his grandfather did when he was his age.

The reason for that is the complexity of society. We simply hit the maximum complexity we can administer as humans 50 years ago and the only way to cope with this is to stop population growth. Here's the catch: if you stopped population growth you'd stop economic growth and have the whole thing collapse, as it should've long ago, so you cannot do that. The only way to cope your way out of this is to keep this whole charade glued up and hope for the best. This is basically what they're doing with the $2tril gibs, while completely dodging the underlying core problem here - that we cannot administer a civilization of this level of complexity. That we have stopped growing vertically like we were in the 60s and are instead growing horizontally, through population growth and an intergenerational debt transference to this fresh population that is supposed to always be larger than the older one, else the debt cannot be transferred and the economy cannot register growth. The Fed literally functions on this exact premise.

Strongly recommend you watch the whole thing
https://www.youtube.com/watch?v=5WPB2u8EzL8

So, /biz/, how do we deal with the fact that we've been living in complete material stagnation over the past half century while deluding ourselves that microchip and software progress is "progress"? We were supposed to have flying cars and our clothes were supposed to be built of sensors detecting every single issue in our body, yet not even billionaires have access to these, as if literally nothing happened in the past 50 years - we're wearing the same clothes while sleeping on the same beds in the same homes running the same HVAC systems, while dying of the same terminal diseases, if not more, and leaving Earth in the same quantity, if not less.

So what the fuck happened in the 70s and how do we deal with this?