5 ms·

Well, eventually what will happen is countries will disappear, wars will destroy things, and other events will wipe out economies, savings, or entire companies.

Well, eventually what will happen is countries will disappear, wars will destroy things, and other events will wipe out economies, savings, or entire companies. The growth model will probably always be exponential, but from time to time things will reset to 0.

simonsarris 6y ago
or 1% more optimistically: https://pbfcomics.com/comics/reset/ https://pbfcomics.com/comics/reset/
- luckman212 6y ago
  PBF is so genius. I had forgotten about it, thank you for the reminder.
dstick 6y ago
While I agree with your sentiment, how has this worked in the past? Did things reset to 0 during WW1 and 2?
- zamfi 6y ago
  In much of Europe and east Asia, yes! Germany and Japan in particular were bombed basically to 0...
  - est31 6y ago
    Those two nations still had the right culture and social structure to build blooming new societies. In this context, with "culture" I don't mean political views or such, but work ethic, and things like literacy, education, etc. The German car industry wouldn't have been thinkable hadn't the Germans invested a lot of research into building machines in a mass produced way, motor research, etc. Sure, the factories themselves were destroyed, but the engineers together with their knowledge remained. In fact, there are theories that disruptive events are even helpful for economic progress in the long run because they filter out the lazy elite of rich people while giving opportunities for new ideas to be tried out, and hard working people to rise to wealth and influence.
    - ericmay 6y ago
      Sure, but that filtering out means wealth is destroyed and you have to start over. The account resets to $0.00. Also, these events "filter out" a lot more than just "lazy elite rich people". Plenty of productive rich people and regular every day people are filtered out as well.
- lalos 6y ago
  Wasn't food rationed and life quality lower in general during the wars? I'm basing this on seeing propaganda of making daily sacrifices for the war but not exactly sure. My general image was that collectively it was an extreme low point in many countries.
- grecy 6y ago
  The Roman Empire imploded and went back to 0. As did all the others that can before the current one.

simonsarris 6y ago

or 1% more optimistically: https://pbfcomics.com/comics/reset/ https://pbfcomics.com/comics/reset/

luckman212 6y ago
PBF is so genius. I had forgotten about it, thank you for the reminder.

dstick 6y ago

While I agree with your sentiment, how has this worked in the past? Did things reset to 0 during WW1 and 2?

zamfi 6y ago
In much of Europe and east Asia, yes! Germany and Japan in particular were bombed basically to 0...
- est31 6y ago
  Those two nations still had the right culture and social structure to build blooming new societies. In this context, with "culture" I don't mean political views or such, but work ethic, and things like literacy, education, etc. The German car industry wouldn't have been thinkable hadn't the Germans invested a lot of research into building machines in a mass produced way, motor research, etc. Sure, the factories themselves were destroyed, but the engineers together with their knowledge remained. In fact, there are theories that disruptive events are even helpful for economic progress in the long run because they filter out the lazy elite of rich people while giving opportunities for new ideas to be tried out, and hard working people to rise to wealth and influence.
  - ericmay 6y ago
    Sure, but that filtering out means wealth is destroyed and you have to start over. The account resets to $0.00. Also, these events "filter out" a lot more than just "lazy elite rich people". Plenty of productive rich people and regular every day people are filtered out as well.
lalos 6y ago
Wasn't food rationed and life quality lower in general during the wars? I'm basing this on seeing propaganda of making daily sacrifices for the war but not exactly sure. My general image was that collectively it was an extreme low point in many countries.
grecy 6y ago
The Roman Empire imploded and went back to 0. As did all the others that can before the current one.