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> Most economic growth comes from innovation, not the accumulation of capital or labor. Economic growth is subjective in ways, but over previous long horizons,
by onlyrealcuzzo 3y ago
> Most economic growth comes from innovation, not the accumulation of capital or labor.
Economic growth is subjective in ways, but over previous long horizons, this is obviously true.
If you took 10B pre-industrial humans and had them work 24 hours a day 365 days a year - their production would be pale in comparison to what we currently produce.
At some point, when you get close to physical limits, and you start having vastly diminished returns on technological improvement, or when most innovation is not going to the benefit of most people - it would be debatable.
Maybe you want to argue we're headed into that future.