Why are natural resources like the “CPU” of the economy?

The central processing unit of a computer provides the basic logic and operations to run the machine. According to one eminent professor, it bears a striking similarity to the resource economy.

It is impossible to imagine modern society without minerals, fibres and fuels. For places (hint: British Columbia is one of them) that not only consume but also produce resource commodities, this thought has profound implications.

It’s a given that people need resources, so the challenge of our times is how humanity can continue to produce resources on a long-term basis while sustaining the quality of life that citizens will always require.

At a recent meeting of the Resource Works Advisory Council, founding member and economist Professor James Brander of UBC offered a compelling and challenging analogy: that the resource economy is like a computer’s CPU. If that momentarily takes you aback consider that the job of a central processing unit is to provide the foundational functions of running your laptop. Without one, nothing will get done. 

It’s a timely metaphor, coming as cities everywhere confront some gigantic challenges that point to the need for innovation and smart use of resources. Next week is Smart Cities Week. It’s also the annual meeting of the Union of British Columbia Municipalities.  

We like the idea and it’s one that will be explored in greater detail. 

Get the latest news with the Resource Works newsletter.

Shaping the Peace: Balancing Energy, Environment, and Equity in Northeast BC's Peace River Region

Help Us Get Things Done

Related News

Will Canada let go of its resource economy? Let’s hope not

By Stewart Muir  More than ever, British Columbia residents are torn between real hopes and false choices for the environment and the economy. Some argue

COMEDY: Quick Dick McDick opines on “Just Stop Oil” ????????️

Saskatchewan comedian Quick Dick McDick, or as we sometimes call him, the Sage of Tuffnell, offers up some incisive, albeit rather colourful, commentary on the

Exploration and mining can and should be at the forefront of B.C.’s post-COVID economic recovery plan

As a society, we should want these operations in BC where we have some of the highest environmental, social and governance standards of anywhere in