Economic science is unscientificallyCentral part of the economic science is the belive in eternal growth. This belive is incompatibly with science.
Just right now, cell phone producers wail, that it's not possible to increase production beyond 1.2 billion cell phones. But 1.2 billion cell phones mean a full supply for the whole mankind. When from 6.7 billion humans, 6 billione need a cell phone, existing production capacity is enough to exchange the cell phone each 5 years against a new one. I have since 2003 3 Siemens S55 cell phones in the family. One is replaced autumn last year because of keyboard problems against a new. The other 2 are still used. 5 years usage time is realistic, So we have a for the whole mankind sufficient cell phone production. Here is nothing to jiggle. Even the most mad marketing man will not be able to persuade humans 5 cell phones per person. When the production costs sink, the turn around of all producesrs will sink.
So it's clear, eternal economic growth thinks it's always possible to find more consumers. This is exactly the principle of each Ponzi scheme. Every economic scientist demandig permanent economic growth should be treated like Ponzi. |