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"Stocks around the world are plunging ... shockwaves through global markets" writes CNN.

"Stock markets are reeling but economists say: Don’t panic yet" writes the Washington Post.

"Wall Street suffers worst day in nearly two years after global sell-off" writes The Guardian.

👉 Have a look at the Dow of the last 30 years. Do we really think this is sustainable on a limited planet? Good lives do not blindly depend on ever more. Sufficiency is very satisfying - both in the more & in the less.

@W_Lucht - since money is just an abstraction, it's possible for the Dow to keep going up. It's not possible for carbon emissions to keep going up.

@johncarlosbaez
But an abstraction tied to the material world. The claim that economic growth can be mostly dematerialised is part of a myth - open dynamic systems that perform work, like our societies, require an energetic and material gradient through their components to operate and scaling laws apply even when these systems are optimised.

@W_Lucht - the Dow is very loosely tied to the material world. Sure, we'll probably ruin the Earth and our civilization will crash. But I'm just saying: it's not the graph of the Dow that we should be looking at, it's the graph of all the physical flows we're relying on.