What is wealth? Wealth is surplus. The wealth of the world is diminishing. The wealth of the world, so far, is its natural resources. At one time there was a surplus of natural resources for the people who lived on the planet. Now there are too many people for the resources that are left. Even the renewable resources (the sun and its result, wind) are in short supply because they need the finite resources to access them. Agriculture is limited by the need of finite resources to make it abundant.
What we have is the diminishing of the food for economic growth. With heightened technology we may be able to ration the resources and spread them out thinner and make them last longer. But they are finite and as they become more rare they become more expensive to produce. The days of cheap resources are over. Read the rest of this entry