No follow-up should be needed to expose the ludicrousness of Nordhaus’s statement, but just in case: Agriculture is the very foundation of the economy. No agriculture, no anything else. Think about it. Any hit on agriculture – whether from climate change, bad luck, or stupid policies – has a magnified effect on the economy at large.
Running in place on a treadmill, the agricultural sector illustrates how continuous competition leads to nowhere.
If we don’t like the expense of government regulation and bureaucracies, then we’ve basically got three choices. And only two of them have a future.
A prerequisite to achieving a sustainable healthcare scheme, agricultural system, or economy is a widespread philosophical change of heart.
Fossil-fueled factory farms and livestock slums slip out of style in a steady state economy