💥MIT scientists predict a collapse in industrial output and depletion of resources by 2050.
🌍Global governance systems need to shift from growth-focused to social welfare-focused to avoid collapse.
🌱Transition to social welfare will require a reduction in material goods emphasis and an emphasis on social services.
📉The collapse may occur at different times and in different ways across various societies.
😕MIT's predictions have been subject to skepticism, but recognizing the importance of resource depletion and pollution is crucial.