Comment by pstuart
4 days ago
This seems to imply that this is the only path to increase standards of living (at least temporarily).
It seems more to be a path to greater profits for the mining operations because they can privatize the profits and subsidize the costs. There's ongoing research in increasing the efficiency of resource extraction and it's the path we should be pursuing rather than strip mining the ocean floor.
> seems to imply that this is the only path to increase standards of living
Didn’t mean to imply that. It absolutely doesn’t. But for middle-income countries, it’s harder to pitch waiting for more-efficient extraction on land when there are riches on the sea floor.