Comments by "buddermonger2000" (@buddermonger2000) on "Why You Should Be Worried About China's Debt Crisis | Economics Explained" video.

I'd say more like a huge raging river that in a year suddenly got a huge dam in the middle of it. While if you only did a part of it, the water would flow around it. But instead what you did was block the water so the water only has the option of filling up until it overflows or breaks the dam entirely.
1
@l-y-d-s The resources aren't really the problem in most instances and by that argument we wouldn't have even been able to get where we are now in the first place. Biggest thing is constant population growth. That won't keep up forever because it hasn't been the norm across history. You have periods of strong growth as factors allow/necessitate it and then periods of mostly stable populations.
1
Has been for a long time as it's incredibly fragile and prone to shocks. The biggest thing is that the current system of the last 100 years is basically unprecedented within history and so we're basing modern economics on whatever the trend of the last generation or so have been. But it's not their fault since there's not as much to look back on. Modern economics doesn't begin until like 250 years ago so they don't have much of a reference and looking back doesn't yield as much since not as much was written about it and economists usually don't go for history past its inception anyway. It'll take a while for economics to reach a point like modem science has in the amount of records and progress. Also economics will always advance slower since any actual applications and tests have tremendous stakes since entire populations depend on it. Oh also lacks controls and any sort of isolating abilities you'd be able to do in actual science. Basically we're not going to have a complete grasp on these concepts and realize how we've fucked up for about another century or so. Hindsight is 20/20 anyway.
1