The best answer to runaway feedback loops is
https://www.ecoshock.org/transcripts/greer_on_collapse.pdfYes, modernity is characterized by anabolic loops based on extraction of resource stocks. Many of these stocks have extremely low replenishment rates, but enough time have passed as to create gigantic stocks. Extraction of a resource while stock is abundant drives capital growth exponentially, but creates increasing maintenance burdens. Stocks eventually become more scarce, and at some point the capital cost of maintaining production becomes equal to the capital produced. At this point Greer proposes there are two options:
1. Adjust the rate of capital growth to be consistent with the regeneration rate of stocks
2. Attempt to maintain the existing rate of capital growth
If 2 is undertaken, then society moves to a catabolic state, consuming its own children to keep itself alive. (Sound familiar?)
Two common counterarguments to this are: "nuclear power will fix everything" and "we'll recycle what's in the garbage dumps." Both valid points in their own right, but they undersell the breadth and scale of our extractive processes, especially when it comes to the biosphere. Actual societal allostasis requires a much broader reworking of the system, one in which it's difficult to imagine the same exponential forces at work.
This dovetails nicely with Ed Berger's concept of the Metacartel:
https://edberg.substack.com/p/metacartelKnowing that the system of productive capital is prone to shocks and dips, central banks and large investment firms already conspire to delay these kinds of crises indefinitely:
> In Metacartel America, universal owners carefully manage vast economic resources while central banks work quickly as modulators of the money supply and acts as a backstop to prevent crisis from reaching its apex. Together, these form the the double pincer that allows central planning to truly take place in order to maintain capital in its state of suspended animation.The existence of the BIS, Unilever, the IMF, etc. all suggest this thesis is true. Perhaps in its most abstract form capital is dC/dt = a*C, an evergrowing maw of pure energetics -- in its real form it is a system of flows that requires a maintenance burden, a debt that has grown too large to ignore. AI enters not as the chthonic being at the end of time but a desperate shot of amphetamines into rusty veins. Just one more GPU bro, just one more circular financing deal, come on, I'm gonna use PicoClaw to automate strip trawling the ocean floor, I've got cow's stomachs attached to methane engines, genuine Arizona alfalfa feedstock powering these babies, we're so close bro I can feel it -- can't you feel the AGI? Can't you feed the catabolism?