The Guardian newspaper reports that two-thirds of the world’s resources have been “used up”, so with only a third left, the crunch cannot be far away for Planet Earth. (Let’s hope Hollywood is on the case). The splendid Cafe Hayek blog nicely chews up and spits out this Malthusian argument here.
I have a question. If the resources of the Earth are finite and everything eventually succumbs to the Second Law of Thermodynamics, then by the logic employed by the deepest of Greens, even if we recycle all our goods and live in mud huts, then at some point, the game is up, we are all doomed, the end is nigh. So my question would be that if this is so, then why not live life to the full and enjoy this “finite” world while we have it? Let’s get those SUVs, build those spacecraft, take those lavish holidays, create those new technologies. It is all going to end anyway, so enjoy!
Of course, the idea that resources are finite has been challenged by the late and much-missed Julian L. Simon. The Ultimate Resource is his masterwork. And what is the ultimate resource? You probably have guessed – the grey stuff between your ears.