[quote=pri_dk]The Ponzi scheme analogy is worthless.[/quote]
Until it collapses – which admittedly could be a several decade process – in the case of old empires, was centuries.
[quote=pri_dk]
All long-term economic plans assume perpetual growth.
All of them.
[/quote]
Well, no. You mean All market based economics. There has been plenty of work done on the idea of steady state economics for 100 years (it really ramped up in the 30s and 70s)- in many different forms – because rationality dictates it will be a multi-faceted problem if you get past market mythology with all it’s false assumptions and blindnesses. It’s built on false assumptions, overly simplistic ideas on human behavior and an inherent blindness to the earth.
Every empire in the past operated like a ponzi-scheme. Which is why they all collapse. There is plenty of academic work on this as well. Capitalism just took the ponzi-dynamic of empire and made it global. Economic competition is just war by other means.
