Yes, more short-term energy, leads to more long-term babies (population growth) and when it runs dry (EROI <1) you find yourself with a double problem.

Capitalism is never about the long term and the biggest profits are always made by externalizing the cost. Hit and run, passing the mess on to society to live with afterwards.

Capitalism is fine only if coupled with True Cost pricing and 100% personal accountability. A level playing field, letting the best solutions win in a fair game. My bet then would be on innovations like Kitemill. https://www.youtube.com/watch?v=ejRa98aoQzc not oil or coal.