{"id":8686,"date":"2026-05-18T14:14:07","date_gmt":"2026-05-18T11:14:07","guid":{"rendered":"https:\/\/dor-moriah.org.il\/the-money-the-model-couldnt-see\/"},"modified":"2026-05-18T14:19:07","modified_gmt":"2026-05-18T11:19:07","slug":"the-money-the-model-couldnt-see","status":"publish","type":"post","link":"https:\/\/dor-moriah.org.il\/en\/the-money-the-model-couldnt-see\/","title":{"rendered":"The Money the Model Couldn’t See"},"content":{"rendered":"\n

AI, digital currency, and the blind spot in The Limits to Growth<\/em><\/strong><\/em><\/strong><\/p>\n\n\n\n

Igor Kaminnyk <\/strong>https:\/\/orcid.org\/0009-0008-0981-965X<\/a>  <\/p>\n\n\n\n

The Limits to Growth<\/em> (1972) is usually remembered as an environmental forecast. This essay looks at it from another angle \u2014 at how its model was built. The World3 model described the world through five quantities: people, industry, resources, food, pollution. Money was not among them.<\/p>\n\n\n\n

The consequences were lopsided. Financial growth simply never entered the picture \u2014 it was not counted as a burden on the planet at all. Social commitments, on the other hand \u2014 wages, pensions, guarantees \u2014 became easy, within this logic, to recast as an extra drain on resources, and so as a threat. Fair redistribution fell under suspicion; finance stayed off the books.<\/p>\n\n\n\n

Fifty years have passed. Finance has gone digital \u2014 artificial intelligence, data centers, cryptocurrency. And this “weightless” economy turns out to have a very heavy footprint: electricity and water. A footprint the old model still cannot see.<\/p>\n\n\n\n