Large scale vicious cycle - Jeff Snider's latest eurodollar university looks at a recent disfunctional dynamic that's become obvious recently. It's a bit complicated, but worth sticking with his explanation, because when you see the circularity, and the downward spiral, you realise the dangers of circular economies. When it goes badly, it goes very badly.
And since it's circular, and since we are in the system itself, it becomes unfothmably difficult to reason about, because thinking and talking about it, literally affects the system!
Yes the earth has some circular systems like the water and carbon cycles which are particularly beneficial to life forms on the planet, but these are the result of literally billions of years of iterations. Trying to create similar large scale circular systems can be quite dangerous IMO. This is an example of that. #