Innovation Fuels Continuous Growth

#model #stub7 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.

This dynamic is part of the wider dynamic that Capitalism is dominant because it feeds growth.

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