Comment by alwa
17 days ago
I guess I can interpret the strongest form of your argument to suggest that resources and markets have a specific level of economically relevant supply at any specific time, which I suppose is an empirical claim that’s true. I feel like recent days’ trade policy earthquakes might operate along a similar line of reasoning: there’s only so much, “they’ve” been getting better off, which means they’ve been “taking” from the US, so the US is taking back.
In the same sense it’s true that there are only so many bushels of seed corn left after the winter. At the moment, we can squabble over how to divide the fixed supply. I could take all the corn, eat half, keep the rest for myself to plant this season. Or, if I’ve already got enough to plant all my land, and you’ve got more land and nothing else to do, I could invest some of my leftover corn with you and we can all have double the harvest in a few months… when the supply will have dramatically expanded, assuming I don’t treat it as a zero-sum game right now. Or I could focus on “winning” right now, and we’ll both be poorer after the harvest than we would have been otherwise.
While I agree that you could frame most any political issue in zero-sum terms, I feel like the blind spot is the same: it tallies the score based on assumptions fixed in time, and it takes a pessimistic view of cooperative potential, of humans’ power to influence the constraints themselves.
the zero sum will always be true because of the fundamental law of physics: Law of preservation of energy / Law of preservation of matter.
Everything in the economy thats worth producing/consuming costs energy and labor. Energy and labor is not free.
Any free lunch one can have in the economy is only possible in nominal terms, when your economy/market grows, but your sovereign debt and fiscal deficit also grows and in real terms, after inflation there is no real growth.
if you look at the core, the bottom of the economics it is just pure physics: The flow and exchange of energy and materials, labor and capital. The fight is over a distribution of the flows between various factions
Aren’t we so, so, so far from physical limits though? To the point that we speak of likely energy reserves in terms of centuries of consumption at current levels, even if we only get around to proving the next couple decades’ worth at a time?
If Musk et al get their wishes, and we become “spacefaring civilization” or whatever—aren’t the conceivable physical limits of known reality so far away as to be irrelevant?
And isn’t the story of the industrial era one of compounding productivity per unit of labor?