GEAB 197
EDITORIAL
Labour, money, energy… is technological progress the key to escaping the constraints of this economic triangle?
Following OpenAI’s ChatGPT breakthrough, which promised virtually limitless production independent of human labor, Tether and Circle’s stablecoins have been offering something strikingly similar: the promise of an infinite money supply.
Since this summer, they have literally formalised this idea, transforming it into a concrete financial mechanism now underpinned by the capacity to constantly create debt without any preset ceiling.All that remains is to find this infinite source of energy, which we seem to be getting closer to thanks to advances made by nuclear fusion projects[1] and orbital solar farms[2] . Will the economy then break free from the planetary boundaries?[3]
One small detail: we will still need to find the raw materials necessary for the infinite production of material goods that an infinitely wealthy population will be able to afford. That said, on the one hand, technology should make it possible to shift a significant part of this consumption from the real world to the virtual world (which is also infinite), and on the other hand, everything points to an acceleration in population decline.
This fantasy of limitlessness and freedom from all the constraints of reality is at the heart of the technological boom that the internet revolution triggered 30 years ago in response to predictions that the consumer market would grow 16-fold in just 60 years (from 500 million Europeans and Americans in the 1960s to 8 billion people worldwide in 2020). In 2025, with stablecoins – private, unregulated currencies designed to facilitate the recycling of the renewable energy of the economy named debt – this dream will reach the heart of the system, namely the money supply and the entire financial and monetary model.
But on a closer look, boundlessness surrounds us! And this issue deals primarily with this very subject: the monetary windfall of stablecoins, stratospheric investments in space, the crossing of cognitive boundaries with the emergence of UFOs (or UAPs, Unidentified Aerial Phenomena) in public debate, the endless expansion of a limitless Europe… it sounds like a shrinking earthly space only fueling our megalomania. But will so much infinity turn humans and the planet into something other than congruous portions?
Reality check, please…
“This world of ours is full of foolish creatures too –
Commoners want to build chateaux,
Each princeling wants his royal retinue,
Each count his squires. And so it goes.” [4]
Marie-Hélène Caillol
Managing Editor
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[1] Source: InterestingEngineering, 19/02/2025
[2] Source: SustainabilityMag, 15/01/2025
[4] In reference to La Fontaine’s fable: The frog who wanted to be bigger than the ox.
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