Definitely a should-read that advances the debate. While not an MMT-based view it does illuminate the symbiotic relationship of technology, engineering, innovation, real resources, "money," culture and ideas in the present world system, which is ecologically unstable and is becoming unsustainable. Alf Hormborg argues that this is not simply a matter of tweaking the system through scaling technological innovation. The problem is the design of the system.
A globalised solar-powered future is wholly unrealistic – and our economy is the reason why
Alf Hornborg | Professor of Human Ecology, Lund University
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