The law of accumulation is an interesting economic tidbit I have stumbled upon recently. Apparently it may be used in various ways and those using it for a reckoning system could have non-overlapping economic ontologies apparently.
https://en.wikipedia.org/wiki/Capital_accumulation
Not that I know anything about it. One economist explained that at an annual rate of growth of just 1% the law of accumulation means that in a generation the economic (or demographic growth etc) is 35%. At a 1% rate of growth in just one century there is a 10,000% increase. That's a large number.
Capital accumulation is somewhat different in that it pertains to reinvesting economic profits in an economy (see the link above). Of course as one invests in ecospheric butchery, deleterious effects increase too.
As the nation invests in infrastructure I would hope that some leaders are bright enough at least to look forward and not back to the past for investment targets. Move toward using propane powered fuel cells to generate power for remote cities in winter instead of using half century and century old power line from a dam in Alaska sort of thinking. Look for alternate, efficient non-fossil fuel burning and non-invasive ways of transport instead of building parking lots and highways across the Arctic. Wise up a little.
https://en.wikipedia.org/wiki/Capital_accumulation
Not that I know anything about it. One economist explained that at an annual rate of growth of just 1% the law of accumulation means that in a generation the economic (or demographic growth etc) is 35%. At a 1% rate of growth in just one century there is a 10,000% increase. That's a large number.
Capital accumulation is somewhat different in that it pertains to reinvesting economic profits in an economy (see the link above). Of course as one invests in ecospheric butchery, deleterious effects increase too.
As the nation invests in infrastructure I would hope that some leaders are bright enough at least to look forward and not back to the past for investment targets. Move toward using propane powered fuel cells to generate power for remote cities in winter instead of using half century and century old power line from a dam in Alaska sort of thinking. Look for alternate, efficient non-fossil fuel burning and non-invasive ways of transport instead of building parking lots and highways across the Arctic. Wise up a little.
