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All the fears around growth is from people not understanding the difference between absolute growth and relative growth. Which is better growth of 1000 or 3% ?
by maerF0x0 9y ago
All the fears around growth is from people not understanding the difference between absolute growth and relative growth. Which is better growth of 1000 or 3% ? the developed world cannot grow at high percentage points because they're so large.
This video more or less shows the insanity of trying to grow at a fixed rate (say being an "emerging market" at 6% per year) for an indefinite timespan.
https://www.youtube.com/watch?v=sI1C9DyIi_8 https://www.youtube.com/watch?v=sI1C9DyIi_8