No, that is not primary economic growth (at a systemic level). That is tertiary economic redistribution. They are not the same thing.clv101 wrote:In principal economic growth could continue without increased access and consumption of energy etc. by us writing each other increasingly expensive computer software... or music etc. Our material consumption could be steady state wiliest the non-material economy booms... indefinitely.Little John wrote:Please explain how economic growth in principle, never mind practice, at the systemic level, is possible in the absence of increased access to and consumption of energy/other key resources. I am assuming, here, that the first thing you would need to define is "economic growth" since my understanding of it precludes the above.johnhemming2 wrote: In the medium to long term I do not think that is true. There is clearly a correlation and it is a challenge, but not impossible, to have economic growth without using more energy.
At a systemic level, the only type of economic activity that increases real wealth is primary economic activity. This can then be leveraged upwards as well as redistributed with secondary economic activity. Finally, tertiary economic activity is very nearly wholly redistributive with possibly some portion of leverage. It is, however, not primary wealth creating at a systemic level. I am taking into account the entire planetary economic activity when using the term "systemic".
If you want to see how the kind of mangled economic thinking you have just put forward works in reality, look no further than the state of the real estate market, since that is a real world example of what happens if you think you can grow an economy on the back of bullshit..