Peter Thiel about the concept of the "Limits to Growth"

Maybe the original 1970s, I think the manifesto that's always very interesting from the other side was this book by the Club of Rome, 1972, The Limits of Growth. And it's you can't have, we need to head towards a society in which there's 0%, there's very limited growth because if you have unlimited growth, you're going to run out of resources. If you don't run out of resources, you'll hit a pollution constraint. But the – in the 1970s, it was – you're going to have overpopulation. You're going to run out of oil. We had the oil shocks. And then by the 90s, it sort of morphed into more of the pollution problem with carbon dioxide, climate change, other environmental...
There's been some improvement in oil, carbon fuels with fracking, things like this in Texas. It's not at the scale that's been enough to, you know, give an American standard of living to the whole planet. And we consume 100 million barrels of oil a day globally. Maybe fracking can add 10 percent, 10 million to that.
If everybody on this planet has an American standard of living, it's something like 300, 400 million barrels of oil. And I don't think that's there. So that's kind of... I always wonder whether that was the real environmental argument, is we can't have an American standard of living for the whole planet. We somehow can't justify this degree of inequality.
And therefore, you know, we have to figure out ways to dial back and, you know, tax the carbon, restrict it. And maybe, you know, maybe that's – there's some sort of a Malthusian calculus that's more about resources than about pollution."