4 ms·
~2% or above growth rate is huge when compounded over decades.
by geodel 3y ago
~2% or above growth rate is huge when compounded over decades.
- nradov 3y agoYou mentioned the "effect of ever faster economic growth across the world". But economic growth hasn't become consistently faster.
- smeagull 3y agoContinued growth is alarming on its own.
- goatlover 3y agoWhy? It's good. Everyone needs to be lifted out of poverty and given the same kind of opportunities as the developed world.
- fasterik 3y agoHard disagree. Economic growth is what raises people's standard of living. We're not going to eliminate poverty without continued growth. That doesn't mean it doesn't also cause problems, but those problems are solvable.
- addaon 3y agoBut we know that in the medium term, growth is limited to cubic; and in the long term to quadratic. Building a society that depends on a few centuries or millenia of exponential growth is designing for failure when that asymptote is reached, and all the assumptions about future growth are violated.
- goatlover 3y agoYou're talking about centuries from now, when technology and culture could be very different. We might spread out through the solar system. It's not something to worry about now.
- smeagull 3y agoNo, we're going to ensure poverty. Climate is already fucked.
- TheCoreh 3y agoIf it's growing at a constant percentage per year, it's growing exponentially, so it must be getting faster in absolute terms, since 2% of today's economy is much more than 2% of 1950s economy.
- emptyfile 3y ago[dead]