The Forum > Article Comments > 1,000,000 economists can be wrong: The free trade fallacies > Comments
1,000,000 economists can be wrong: The free trade fallacies : Comments
By Steve Keen, published 30/9/2011The Neoclassical model that dominates economics today is riven with logical and empirical fallacies.
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Once we have to expend the energy necessary to grow, harvest & transport that material to a factory for conversion, it all falls apart. Honest researchers are now admitting that the use of ethanol not only consumes more energy than it provides, but it increases over all CO2 production for distance covered.
However all is not lost, there have been considerable advances made using Legume based resins, & cellulosic materials that could replace petroleum based plastics. Everything was built of wood/plant material for so long, & it is likely to be so, again. I think that's neat.
Of course, as Yabby says, that is really another form of mining, just without digging holes.
Algae that could be easily harvested could be a better idea, than land low volume plants, & a recent post from Spevenlmeyers linked to work on synthetic photosynthesis, which could produce hydrogen directly, which sounds quite possible. Now that really would be solar power.
It may not be what the greenies want to hear, but new technology does seem to be showing civilisation will survive. It is just not the ones, like wind & solar, so loved by greens & pollies alike that are going to get us there