“Degrowth is about government authoritarianism overriding the natural human impulse to improve. Marcus Feldthus of the Copenhagen Business School needs to reeducate himself about ends and means to at least be able to inform his students about the happy side of life and living.”
No-growth (stagnation) is bad enough. In business, every promotion must be balanced by a demotion or retirement. For one person to buy more, another person must buy less. Charity not, the zero sum game is a recipe for low morale and infighting, just of the opposite of charity through abundance.
Take another step backward to a negative sum game. More losers than winners. The survival of the fittest. Glum is the word as rising expectations is replaced by despair.
Less is not more but less. Less convenience, less leisure, less security, and less philanthropy toward others.…
Energy is the resource of resources, the master resource. This Labor Day weekend, give thanks to the dense, plentiful, affordable, reliable energies that have done much to improve living standards worldwide, while mastering the vagaries of extreme weather and climate. Think of it as Labor Saving Day. After all, eight billion consumers cannot be wrong!
“Creative destruction results from verdicts at the intersection of supply and demand. Outside of the free market, energy elitism has created a political market, a sub-industry whose activity results from special tax favors, government grants, and/or mandates.”
Creative destruction, a term popularized by Joseph Schumpeter, is the market process whereby bad is eliminated, the better replaces the good, and past performance gives way to new strategies and victors. No firm is forever, and financial loss is a characteristic of capitalism, as is the more used term profit.
Energy is the story of creative destruction. Coal gas and later coal oil replaced a variety of animal and vegetable oils, including whale oil, camphene oil, and stearin oil. Crude (mineral) oil then displaced manufactured (coal) oil, just as later natural gas would displace manufactured (coal) gas.…