Infinite growth on a finite planet is required with Fiat currency and bloated centralized governance

in mises •  6 years ago 

Large complex systems require feeding. When the system is linked to fiat currency and fractional reserve lending you end up with centralized governance that requires non stop growth to feed the hungry bear.

Check out this related post on a specific example.

The trajectory should have been obvious from the very beginning, when the municipality failed to make a plan to pay for the inevitable maintenance needs of all the new infrastructure they'd planned to build (and most municipalities do). But when failures in basic maintenance begin to become widespread—so widespread, in fact, that the community starts to notice—city leaders often just express confusion about how this could have happened.

https://www.strongtowns.org/journal/2018/8/3/cobb-county-addicted-to-growth

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Posted from my blog with SteemPress : https://flbikeped.com/2018/08/07/infinite-growth-on-a-finite-planet-is-required-with-fiat-currency-and-bloated-centralized-governance/

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