The Great Simplification with Nate Hagens Daniel Schmachtenberger: “Bend not Break #2: Maximum Power and Hyper Agents”
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May 25, 2022 
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Financial System's Growth Imperative
- The financial system has an embedded growth obligation, requiring exponential growth.
- This clashes with the finite nature of real-world resources, creating a fundamental conflict.
Money Creation and Resource Disconnect
- Most money is created through loans, increasing financial claims without a corresponding increase in real-world resources.
- This, coupled with interest, creates an inherent need for economic growth, further straining resources.
Decoupling and Externalized Costs
- Claims of economic decoupling are often misleading due to the externalization of environmental costs.
- Global supply chains obscure the true material footprint of individual countries.