this post was submitted on 02 Dec 2024
981 points (98.6% liked)
memes
10637 readers
2246 users here now
Community rules
1. Be civil
No trolling, bigotry or other insulting / annoying behaviour
2. No politics
This is non-politics community. For political memes please go to [email protected]
3. No recent reposts
Check for reposts when posting a meme, you can only repost after 1 month
4. No bots
No bots without the express approval of the mods or the admins
5. No Spam/Ads
No advertisements or spam. This is an instance rule and the only way to live.
Sister communities
- [email protected] : Star Trek memes, chat and shitposts
- [email protected] : Lemmy Shitposts, anything and everything goes.
- [email protected] : Linux themed memes
- [email protected] : for those who love comic stories.
founded 2 years ago
MODERATORS
you are viewing a single comment's thread
view the rest of the comments
view the rest of the comments
The whole history of compound interest is quite fascinating. Early arguments for it are that seeds and livestock are capable of reproducing and multiplying themselves. If I lend you a handful of seeds and a year later you give back the exact same size handful, I have lost a whole year’s production I could have gotten out of those seeds.
Furthermore, assuming you actually planted the seeds instead of tucking them away in a drawer somewhere before giving them back later, those seeds produced a crop for you. This crop you could harvest and sell or feed yourself or your family or livestock. You could even save seeds from the harvest and pay me back the handful while keeping even more seeds for yourself. So by lending you seeds interest-free I’m essentially giving you a gift of harvest potential as well even more seeds in the future, at my own expense. Thus is the time value of money.
From this initial seed of an idea grows a huge amount of the financial system.
Yeah, very organic and reasonable growth into a gigantic and incomprehensible beast. Fascinating, but, kind of wish I didn't have to live through it.
Was there a time in the past you would have preferred? I grew up in the 90s and I really miss that time period but I don’t think I’d prefer to live at any time before the 20th century over now. As complex and difficult as life is right now, other time periods tended to be much nastier for various reasons.
I could skip a good 200 years into the future when hopefully things have already fallen apart and been put back together.
I admire your optimism! I could easily see us living in a Mad Max situation in 200 years.
One thing I never see people talking about with fossil fuels is that they were a one shot deal in earth’s history, never to be repeated. If global civilization completely collapses (particularly the industrial base) then attempting to start over without fossil fuels could leave us stuck in a 17th century type situation for an extremely long time.
The problem is that renewables just don’t bootstrap. They require huge amounts of minerals which we’ve only been able to mine and process using heavy equipment and manufacturing powered by fossil fuels. Trying to do all that from a minecart-horse-and-pickaxe level of technology isn’t going to work out.
The other major factor is of course all the really easy mineral sources are gone too. Instead of mining directly from the ground we’d be salvaging scrap materials from the mountains of disposable electronics we’re producing right now. That’s where things really start to look like Mad Max.