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RE: Are We Running Out of Natural Resources?

in #policyofliberty7 years ago

Using failed economic models to justify the status quo is about as lunatic as it's possible to get. The fact is that market prices have never precisely followed actual supply, they are far more a reflection of the expectations of supply and demand in the markets than the reality on the ground. This is called "market irrationality" and is well documented by economists, which is the reason no-one in the mainstream believes that we can continue to do nothing. Scientific evidence is real, economics is at best a distorted reflection of reality. If it wasn't, best value would have conquered all decision making by now, and it hasn't. Sadly, by the time climate change deniers have realised this, it will be too late for all of us, not just those too entrenched in consumerism and self-justification.

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This is called "market irrationality" and is well documented by economists, which is the reason no-one in the mainstream believes that we can continue to do nothing.

Are you implying that regulating the market is wise or someone has the power to do such a thing?

Scientific evidence is real, economics is at best a distorted reflection of reality. If it wasn't, best value would have conquered all decision making by now, and it hasn't.

Economics as we know it is a very distorted subject, the point of the post though was that we have infinite resource.

Sadly, by the time climate change deniers have realised this, it will be too late for all of us, not just those too entrenched in consumerism and self-justification.

People are denying the climate changes? Or denying that life can't sustain temperature changes of one to two degrees over a century. Yeah, the linchpin of fear mongering Global Warming ever since renamed obnoxiously climate change, is that life can sustain temperature differences magnitudes of difference than those proposed as catastrophic by fear mongering MAN MADE CLIMATE CHANGE. Which is a non issue essentially, it's a non issue that the weather changes. It's a non-issue because life has been through far worse events, life isn't some delicate creature. Pollution and sustainability are the issues, not the smoke-screen weather.

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