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Economic growth = learning to do more with less, and arbitraging profits. The myth that economic growth means more waste is just wrong. Compared to the early 2
by jp555 8y ago
Economic growth = learning to do more with less, and arbitraging profits.
The myth that economic growth means more waste is just wrong. Compared to the early 20th century we use ~90% fewer resources per dollar of GDP created.
- vkou 8y agoYou forgot to subtract inflation * population growth. You can grow your economy, without actually becoming more efficient, or profitable, by tweaking either of those parameters.