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I'm not sure how GDP growth is relevant here, especially when those higher growth rates are in countries with much lower base GDPs. GDP growth is not an eternal
by Mvandenbergh 7y ago
I'm not sure how GDP growth is relevant here, especially when those higher growth rates are in countries with much lower base GDPs. GDP growth is not an eternal structural characteristic of an economy and there is no reason to believe that it will not slow down as GDP/capita converges.
- infinity0 7y ago"We're already ahead, we don't need to run any faster, we'll use our energy to do pointless things like spy on everyone instead". Don't let me stop you thinking that but I'll keep running faster, thanks.
- 2Crisp 7y agoThe idea that less developed economies have much faster potential growth is well studied in economics: https://en.m.wikipedia.org/wiki/Convergence_(economics) https://en.m.wikipedia.org/wiki/Convergence_(economics) I'm not sure what point you're trying to make here.
- infinity0 7y agoThe article itself contains a lot of nuances and exceptions, and makes no pretense at trying to predict the future, but you're treating it as if it inevitably predicts an outcome as time tends towards infinity. You might want to better understand the difference between a non-predictive theory meant as a guide for future research, vs reality, an actual future, and a truly predictive theory. That said, don't let me stop you from believing what you want to believe. It doesn't take a genius to figure out what my point is, but if your salary depends on you not understanding it, that's OK too.
- dang 7y agoWould you please stop posting in the flamewar style to HN? and especially not cross into personal attack? These things are against the site guidelines, and we've had to ask you this before. https://news.ycombinator.com/newsguidelines.html https://news.ycombinator.com/newsguidelines.html