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It's also possible that there will be new macro events or technological discoveries that spark new rapid economic growth. I am frequently charged with being a
by petercooper 6y ago
It's also possible that there will be new macro events or technological discoveries that spark new rapid economic growth.
I am frequently charged with being a naive techno idealist, and will take such a charge here too if it's deserved, but aren't "technological discoveries" and the adaptation of technology what has kept our economy growing for the past few decades anyway?
Whether it's the opportunities of increased automation, the Internet, the role of medicine in improving longevity (consider MRIs didn't become mainstream till the 90s), agricultural enhancements, or even the effects of technology on financial markets, the world of economics and economic productivity looks, to me, nothing like that of 1980.
As a techno idealist, I would hope that we'll both see this continue and political developments to share the benefits more broadly across society.
- bergie 6y agoI guess energy will be the big factor here. If we don’t have cheap enough energy sources / storage to replace oil and coal, the growth will stagnate. But on the other hand, if renewables or fusion or whatever becomes cheap and abundant enough, this alone could power a huge leap in productivity. Just imagine what could be done if energy was essentially “free”.
- rebuilder 6y ago>Just imagine what could be done if energy was essentially “free”. Overheating the planet, for one. https://dothemath.ucsd.edu/2011/07/galactic-scale-energy/ https://dothemath.ucsd.edu/2011/07/galactic-scale-energy/