The world economy is an amazingly complex, physics-based, self-organizing system. The three major elements are extracted resources including energy resources, human population, and demand coming through the financial system.

All three of these elements tend to increase over time, but both population and extracted resources tend to hit limits because the world is finite. Financial demand is emphasized by politicians because it seems to increase without limit. The extraction limit is not obvious: It is the amount that consumers can afford to pay for resources and the products they create. This limit cuts off resource extraction at amounts that are far below the amounts that geologists calculate are available for extraction.

In this post, I will offer some insights into how the world economy actually operates.

https://ourfiniteworld.com/2024/07/22/how-does-the-economy-really-work/