Innovation Fuels Continuous Growth

#model #stub6 mentions

There are three distinct, but connected feedback loops between technological Innovation and Economic Growth:

This results in a System Dynamics of continuous, seemingly unstoppable economic growth, regardless of its negative effects. In the second half of the 20th century this led to the so-called Great Acceleration through Consumerism and, as a consequence of that, to Climate and Ecological Breakdown.

To break out of this cycle, We need social, not technological innovation.