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Yes. AS Tim Worstall points out: "Please note that in current $, average world GDP in 1700 or so was around $600, $800 a year. Today it’s around $8,000. The IP
by eucryphia 7y ago
Yes. AS Tim Worstall points out:
"Please note that in current $, average world GDP in 1700 or so was around $600, $800 a year. Today it’s around $8,000. The IPCC assumes, in its calculations of climate change, that if we’re all good little neoliberals for this coming century that it will be $80,000 in 2100. Seriously folks, what the #### else do you want from an economic system?"
- asemakula 7y agoYet, if it was at least 'take, take and give' model, we would already be at $40,000 in 2019. Give your hunting dog so it gets the energy to chase down more game. I mean planet/society contribute to value creation but during wealth sharing they get meatless bones.