Thanks for your clarification and polite response. I was referring to the entire period of the industrial revolution. But in any case, your argument is inducti

Thanks for your clarification and polite response. I was referring to the entire period of the industrial revolution. But in any case, your argument is inductive and has all the issues as such. Since we have no reliable explanatory model of economics, you're never justified in making a claim with such certainty on the basis of some number of past observations. At any time the dynamics can change. Hence, at the very least it seems prudent to put some serious thought into the potential for things to go badly.