ralfy wrote:Profit leads to a non-circular economy.
You guys are too much, stuck in a little rut worn deep by fossil fuel blinded dogma, LOL.
Fossil fueled extraction has created the non-circular economy. A renewable, circular economy is not a goal, it's a forgone conclusion. G. is trying to convince us it is gonna be great (just like OF2 is still recycling Chamber of Commerce press releases to make us ignore our lying eyes and believe everything is great now)
The origin of the word "profit" is latin: from pro- ‘on behalf of’ + facere- ‘do’:
Profit in merely excess work - excess "doing"
Capitalism is the industrialization of doing
Modern capitalism is fossil fueled, brute force, industrialized doing.
Profit is not eternal, not a god. Someone buys a biscuit, shirt, app, house with their (or someone elses) excess work profit but sooner or later those things lose their value, they wear out, get used up and the "profit" evaporates. Capitalism is the treadmill of collecting other's excess work profit before it vanishes or in the case of the last couple hundred years, collecting on the excess work of fossil fuels.
When the huge excess of fossil fueled work declines, the rate of extractive, industrialized doing will fall, and with it will go most excess profit. Unfortunately for those alive then, the highly mechanical, FF leveraged extraction will have long since consumed any manually extractable resources. In order to maintain any semblance of "modern" tech they'll have no choice but to recycle.
What will be left when the music stops is a renewable, recycled ("circular"), mostly rentier and mercantile economy. Industrial capitalism, socialism and pretty well any other modern, fossil fueled -ism will be long since relegated to fairy tale status.
Says me anyway, LOL
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The legitimate object of government, is to do for a community of people, whatever they need to have done, but can not do, at all, or can not, so well do, for themselves -- in their separate, and individual capacities.
-- Abraham Lincoln, Fragment on Government (July 1, 1854)