Steve Keen: “Mythonomics”
The Great Simplification with Nate Hagens
00:00
What if Everyone in the World Didn't Understand?
Technology is a vector for more energy use, he says. If we have processes like aluminum smelting or air travel that require lots of units of adding foscil energy to replace things humans used to do, those processes break down and become unprofitable if energy prices double or triple. There are limits to how much energy we can consume, because when you consume energy, you generate waste. More than that amount of energy consumption means that amount of waste in the biosphere.
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