this post was submitted on 30 Dec 2024
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cross-posted from: https://lemm.ee/post/51182148

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[–] [email protected] 1 points 1 week ago (1 children)

Legitimate economic experts are still using the assumption that the world has infinite resources to be exploited, and therefore, we should have infinite growth...

So, color me skeptical on whatever the "economic experts" state. Because they also state privatization and commodification of social interactions is "Good actually"... Those same experts have "gifted" us enshittification.

[–] [email protected] 1 points 1 week ago* (last edited 1 week ago) (1 children)

Legitimate economic experts are still using the assumption that the world has infinite resources to be exploited, and therefore, we should have infinite growth…

... peak resources and diminishing returns of limited deposits are major topics in modern economics.

Don't mistake modern economies with modern economics. Economists have as much control over economic policy in most cases as climate scientists have over climate policy.

[–] [email protected] 0 points 1 week ago (1 children)

… peak resources and diminishing returns of limited deposits are major topics in modern economics

So, they accept that inflation is bad, because inflation is a signal that resources are nowhere near maxed out, and basing an economic system on having inflation means said system expect infinite growth, in a finite set of resources, correct?

Don’t mistake modern economies with modern economics.

So, basically, economics are just a bunch of untested ruminations of academia then, and have no place in our decision making, correct?

Because, when "theory" meets the road, it just shows all those ruminations are just "Best guesses, based on faulty premises".

[–] [email protected] 1 points 1 week ago

So, they accept that inflation is bad, because inflation is a signal that resources are nowhere near maxed out, and basing an economic system on having inflation means said system expect infinite growth, in a finite set of resources, correct?

Jesus Christ. That's not what inflation is.

So, basically, economics are just a bunch of untested ruminations of academia then, and have no place in our decision making, correct?

Economics is predicated on the study and prediction of economic trends. I don't know how you got "Economics is untested" from "Economists have no control over economic policy", even after a very clear and pertinent comparison with climate scientists.