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Fundamentally, only three things generate growth. - More resources - More people - More productivity Since productivity is generally capped at a give
by ethbr1 2y ago
Fundamentally, only three things generate growth.
- More resources
- More people
- More productivity
Since productivity is generally capped at a given technology level, and resources are finite, it simplifies to people.
- bumby 2y agoWhy the artificial constraint of assuming technology is constant? In not necessarily one to hope that tech will automatically bail us out, of the growth in the previous decades has been from tech innovations like automation.
- ethbr1 2y agoTechnology has a ceiling for a given time, across the world, which is really what you're competing with in a globalized economy. Which is to say that more technology isn't a solution out of a demographic hole, when you're competing with a country that has the same technology and better demographics.
- deleted 2y ago[deleted]
- deleted 2y ago[deleted]
- bumby 2y agoThat point assumes technology is evenly distributed. I think it’s clear it is not.