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219 votes

What is capitalism's answer to constant economic growth hitting the limit of the planet's finite resources?

Why would capitalism have an answer? Your question presumes that economic systems should be fully planned out into perpetuity, but that's just a false premise. You might as well ask what democracy's ...
David Rice's user avatar
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119 votes

What is the capitalist answer to rail passenger transportation being non financially profitable?

Japan is a counter-example. Rail is profitable there, not least because the rail companies don't just run the trains. Train stations become hubs, often with a shopping centre built around them (owned ...
user's user avatar
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115 votes
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What is the capitalist answer to rail passenger transportation being non financially profitable?

The idea that "trains are unprofitable" is quite a bit more complex. First of all it's necessary to look at the main "problem" with trains: They tend to lead to natural monopolies. Setting up a rail ...
David Mulder's user avatar
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105 votes

What is the capitalist answer to rail passenger transportation being non financially profitable?

The answer is to stop subsidizing its rival: roads. You say that passenger rail stopped being profitable around the 50's or so: look up when the Dwight Eisenhower freeway project really hit its stride....
wedstrom's user avatar
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91 votes
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What is capitalism's answer to constant economic growth hitting the limit of the planet's finite resources?

Not all parts of the economy consume finite resources equally. In fact, only a minor portion of it is related to the manufacturing of goods in the industrialized countries. Most of the economy there ...
NoDataDumpNoContribution's user avatar
78 votes

What is the capitalist answer to rail passenger transportation being non financially profitable?

What is the capitalist answer to rail passenger transportation being non financially profitable? The same as a capitalist answer to anything that is being non financially profitable; such as horse ...
user4012's user avatar
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64 votes

What is capitalism's answer to constant economic growth hitting the limit of the planet's finite resources?

The claim that constant economic growth within a planet of finite resources is impossible is false. Natural resources can be physically finite while being economically infinite. That is, regardless of ...
Joe's user avatar
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43 votes
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Can Trump undo the UN climate change agreement (Paris Agreement)?

No, Trump cannot undo the UN climate change agreement. All he can do is isolate the USA from participating in it. The USA signed the Paris Agreement on 22 April 2016, and became a formal Party to it ...
410 gone's user avatar
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37 votes

What is the capitalist answer to rail passenger transportation being non financially profitable?

What is the capitalist solution to make rail passenger transportation economically profitable again, like it used to be before road transport was a thing? There is no capitalist solution. All extant ...
gerrit's user avatar
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28 votes

What is capitalism's answer to constant economic growth hitting the limit of the planet's finite resources?

I would like to (sort-of) challenge one of the premises of the question, namely that resources are finite, and I have a strong and weak version of the challenge. The Weak Version I mean, sure, there'...
Jared Smith's user avatar
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24 votes

Can Trump undo the UN climate change agreement (Paris Agreement)?

Trump has just won the elections. Can he somehow stop the US from participating in the UN COP21 climate change agreement (which was already signed formally by the US)? Yes In order to be binding in ...
Brythan's user avatar
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22 votes

Can Trump undo the UN climate change agreement (Paris Agreement)?

Yes, and a qualified no. International law and domestic policy are separate. And complicated. According to the UN Treaty Database, Obama signed the Paris Agreement on April 22, 2016 and accepted it ...
bishop's user avatar
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20 votes

What is capitalism's answer to constant economic growth hitting the limit of the planet's finite resources?

I think you might have gotten the wrong impression from the answer you linked to. When technology, production of capital equipment, or education make workers more productive, it frees up human ...
lazarusL's user avatar
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18 votes

What is the capitalist answer to rail passenger transportation being non financially profitable?

Just because governments operate passenger rail systems at a loss does not mean that it is an inherently unprofitable enterprise. It's just that governments have a legal monopoly on the industry, so ...
Wes Sayeed's user avatar
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17 votes

What is capitalism's answer to constant economic growth hitting the limit of the planet's finite resources?

This article, entitled "Is sustainable capitalism possible?", provides a neat analysis of arguments by defensors of "green capitalism" . The paragraphs below summarise the points: Hawken and the ...
luchonacho's user avatar
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16 votes

Did any countries other than the Asian Tigers jump to developed status during the past 75 years after WW2?

Although this isn't a perfect list, one can use entry into Organisation for Economic Co-operation and Development (OECD) as a proxy for development status. Wikipedia has a dated list of entry Country ...
code11's user avatar
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11 votes

What is capitalism's answer to constant economic growth hitting the limit of the planet's finite resources?

tl;dr: Material resources do not disappear, they just become harder to reuse. This is solvable with energy of which there is an effectively infinite resource. This is less about "capitalism's answer" ...
Peter - Reinstate Monica's user avatar
10 votes

What is the capitalist answer to rail passenger transportation being non financially profitable?

To answer your original question, capitalism's answer to passenger train travel not being economically viable is to not provide passenger train travel where it isn't profitable. Capitalism can only ...
tj1000's user avatar
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10 votes

Did any countries other than the Asian Tigers jump to developed status during the past 75 years after WW2?

According to the OECD or Organisation for Economic Co-operation and Development, there are several countries that have recently become developed. Lithuania has been considered developed since 2018, ...
Tyler Mc's user avatar
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8 votes

What is capitalism's answer to constant economic growth hitting the limit of the planet's finite resources?

Economics is simply the use and management of time and energy. That is all humans actually "have". Whether a label of capitalism or communism or any other ism is attached to use of time and energy or ...
guest271314's user avatar
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7 votes

What is the capitalist answer to rail passenger transportation being non financially profitable?

A Libertarian would say the problem is not an economic one, it is a regulatory one. The reason railroads have limited scope and profitability in the United States is that they were destroyed by ...
Tyler Durden's user avatar
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7 votes

What is the capitalist answer to rail passenger transportation being non financially profitable?

The pure capitalist answer would be simply to stop investing in public transport, and instead invest in profitable alternatives. Declining investment in public transport is not a problem that 'pure ...
user1751825's user avatar
7 votes

What is capitalism's answer to constant economic growth hitting the limit of the planet's finite resources?

The point of a free market, which is how pricing is determined under capitalism, is that it reacts efficiently to supply and demand. If something drops in supply it will be harder to get ahold of, and ...
Gramatik's user avatar
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6 votes

What is the capitalist answer to rail passenger transportation being non financially profitable?

As theresawalrus notes, markets optimize for collective utility, not energy efficiency. But the American experience is not an example of this. The United States has a passenger rail system so ...
Jeffrey Hall's user avatar
6 votes

What is capitalism's answer to constant economic growth hitting the limit of the planet's finite resources?

This is a clear weakness of "pure" capitalism Pure, unhindered capitalism, does deplete resources. Moreover, it creates huge monopolies and cartels, that become so powerful that they start to ...
Fiksdal's user avatar
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6 votes

Is there any correlation between energy consumption and scientific progress?

The title asked for a correlation and if you compare different countries a correlation clearly exists. Both energy consumption and technological progress correlate with wealth and current level of ...
quarague's user avatar
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5 votes

What is the capitalist answer to rail passenger transportation being non financially profitable?

History answers this question and corrects its invalid premise - namely: that passenger rail, as such, is not financially profitable. Capitalism is the as yet untried system where the sole purpose ...
Francisco D.'s user avatar
5 votes
Accepted

What other EU countries (besides Romania) have raised major concerns about the "European Green Deal"?

What might be seen as "the usual suspects" of Hungary & Poland also voiced concerns, as well as the Czech Republic. In December, they threatened to block the deal entirely. Although all four ...
CDJB's user avatar
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5 votes

Why are there are only a few countries outside European descent reached developed status?

Yes, if you decide to exclude nations that disprove your hypothesis, for no particular reason, then your hypothesis holds up. The question is why you would cherry pick your data sample in such a way.
PoloHoleSet's user avatar
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