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submitted 6 months ago* (last edited 6 months ago) by hanrahan@slrpnk.net to c/collapse@lemmy.ml

Homo sapiens has evolved to reproduce exponentially, expand geographically, and consume all available resources. For most of humanity’s evolutionary history, such expansionist tendencies have been countered by negative feedback. However, the scientific revolution and the use of fossil fuels reduced many forms of negative feedback, enabling us to realize our full potential for exponential growth. This natural capacity is being reinforced by growth-oriented neoliberal economics

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[-] hanrahan@slrpnk.net 5 points 5 months ago* (last edited 5 months ago)

As might be expected, many economists and techno-optimists roundly rejected this assessment

Nordhaus surley leads this group of asshats.

https://theintercept.com/2023/10/29/william-nordhaus-climate-economics/

Ignorance of systems has its way of plowing forward, juggernaut-like. Nordhaus has opined that agriculture is “the part of the economy that is sensitive to climate change,” but because it accounts for just 3 percent of national output, climate disruption of food production cannot produce a “very large effect on the U.S. economy.” It is unfortunate for his calculations that agriculture is the foundation on which the other 97 percent of GDP depends. Without food — strange that one needs to reiterate this — there is no economy, no society, no civilization. Yet Nordhaus treats agriculture as indifferently fungible.

This crude mess of a model is what won him the Nobel. “

[-] maketotaldestr0i@lemm.ee 2 points 5 months ago

the nobel in economics is just a fake award of other pseudoscientists tugging each others dicks.

There are plenty of absolutely damning counterarguments to nordhaus that make it so that nobody serious takes him seriously. hes a shill plain and simple

[-] hanrahan@slrpnk.net 1 points 5 months ago* (last edited 5 months ago)

the nobel in economics is just a fake award of other pseudoscientists tugging each others dicks.

For sure . for those not in thr know the Economics Nobel is set up by a Swedish Bank and uses Noble's name.

There are plenty of absolutely damning counterarguments to nordhaus that make it so that nobody serious takes him seriously. hes a shill plain and simple

I don't agree he's not taken seriously, which is unfortuante. He's the professor of Economics at Yale. Lots of his work was leant on by other confident idiots like Bjorn Lomborg and the likess of Richard Tol when he was involved in working group 3 of the IPCC and that's often what informs policy decisions governmentally.

PS nice to see you here from Reddits collapse group? I don't visit there anymore but did fire over a decade.

this post was submitted on 25 Apr 2024
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