Criticism
Environmental economists and critics of globalized capitalism take issue with this theory for a number of reasons. Environmentalists disagree with Solow's conclusion about the role of technology because it neglects to consider the increases in exploitation of natural resources which may be responsible for much of the growth attributed to technology. Anti-globalists apply a similar argument, but tend to focus on exploitation of third world societies rather than the environment.
The theory also neglects to account for certain requisite properties of the resources in question and the development of necessary infrastructure. It may be possible to design a car to run on hydrogen, but widescale construction of a hydrogen infrastructure is a far more complex problem, especially in a scenario in which the major resource is already becoming scarce.
Read more about this topic: Backstop Resources
Famous quotes containing the word criticism:
“It is from the womb of art that criticism was born.”
—Charles Baudelaire (1821–1867)
“To be just, that is to say, to justify its existence, criticism should be partial, passionate and political, that is to say, written from an exclusive point of view, but a point of view that opens up the widest horizons.”
—Charles Baudelaire (1821–1867)
“A friend of mine spoke of books that are dedicated like this: “To my wife, by whose helpful criticism ...” and so on. He said the dedication should really read: “To my wife. If it had not been for her continual criticism and persistent nagging doubt as to my ability, this book would have appeared in Harper’s instead of The Hardware Age.””
—Brenda Ueland (1891–1985)