My own economic theory centers around one thing. Resources are not infinite.
What makes a resource a resource is a need.
Food is a resource and when you drill down food consists of billions of sub-components.
Everything we consume is created by nature including consuming one another (cannibals)
Economics is a false social science as is the case with all social sciences … I consider economics a convenient human fabrication whereby a few humans take advantage of the many.
From the slicing up of dinosaur meat to the slicing up of prime rib … it is all about who does the carving and gives out the portions.
Modern economics cloaks this primitive system in a lot of fancy theories and formulas.
One must accept that all supply comes from one source.
From that point a rational strategy can be developed to manage that source for the benefit of every single human being on the planet.
Consider and accept this: that supply and consumption are one and the same.
If supply is finite and emanates from one finite source then increases in consumption must be offset by regenerating the sole resource, which is nature.
Here we must pause and attempt to disprove what I am saying.
First and foremost I say that nature is the source of all life including what keeps life alive. That seems to be a self-defining fact.
Once this is accepted as truth and fact the strategy for maintaining life is a simple formula.
The regeneration of nature rather than the degeneration of nature. Human economic theories are primitive and 100% incorrect.
The focus is on supply as for example the water in a spring ….. and the ultimate source of that water is out of mind.
Humans treat nature as if some endless pit of resources and have degenerated nature over the lifeline of the human species.
For the most part nature has easily out produced human consumption of nature.
What is taking an enormously larger and extremely rapid toll on nature is human pollution.
It is these simple truths that are the foundation for applying equally simple solutions.
The regeneration of nature is the sole “master industry” of the future.