Comments by "looseycanon" (@looseycanon) on "Have We Reached the Limits of Economic Prosperity?" video.

  1. There are problems in societies, that we have created. Take falling birth rates. Where do we live? In small flats, sometimes even in single rooms, that simply don't provide sufficient space to raise a family. Add to this laws, that favor women, who are the controlling parties to "bedroom fun" and the pill and you have perfect cocktail for low fertility, because men will evade risk stemming from knocking up a woman, because what they could earn is limited and further threatened by divorce/alimony and whatever pregnancies get would have gotten started are prevented. Add to this fairly good access to abortions and we are, where we are. The way I see it, at least two of these have to go, if this trend is to be reversed. Another case can be made for patents slowing down innovation, because you these days have to work around patents of others, meaning, that even if you'll find a revolutionary combination of preexisting technologies, you can't implement it, because everything you'd get out of it, would get sucked up by patent holders, who are behaving literally like the mythical trolls. Same holds true to copyright. Economically speaking, we have a problem with rent seeking behavior, which materialized in "You'll own nothing and love it!" mantra, which is preventing especially the younger people from increasing their wealth through ownership and ability to fix their broken things. (I'm looking at you Apple, Samsing and other technological companies, I'm looking). Then you have scammers, who manage to get outright cult like following and bring "revolutionary new idea", who suck in tremendous amounts of cash, sometimes even for idea, that outright doesn't even promise to solve a problem, which siphons money from solving actual problems like "stopping the climate change while maintaining our economic prosperity and industrial output", which would have actually provided some kind of outputs. Another problem lies in environmentalism it self, which has taken on mantra of "Saving the environment at all costs", and which has gone the path of economic output and raising the bar to entry for all kinds of activities, commercial or otherwise. Resources exploitation, one of two actual engines of economy (the other being population growth), because everything else is dependent on original resources, is being demonized as unenvironmental, polluting and unethical, and abandoned, which has caused us massive shortages connected to primarily oil and, thanks to war in Ukraine, also steel, aluminum, fertilizer and some components necessary for high tech innovation (mostly neon). All of this would need to be reversed, if economic growth were to return to the West.
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