Submitted by candymannequin t3_ydb3qp in explainlikeimfive
Gordwait t1_itsqmmg wrote
Reply to comment by kanated in Eli5: I don't understand why there seems to be a general consensus that gdp will continue a trend of growth, and why this would be beneficial, considering the cyclical nature of economies and empires rising and falling. Isn't economic downturn on some level unavoidable or even beneficial? by candymannequin
There’s a great website, called Do The Math. He goes into great detail on the continuous GDP growth idea. Unfortunately it’s very bad news, and renewables help but not by much as continuous GDP growth follows a compound interest rate like curve.
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