4 ms·
> Technology advances rapidly and affects us all, with new products and production methods replacing old ones in a never-ending cycle. This is the basis for sus
by geysersam 1y ago
> Technology advances rapidly and affects us all, with new products and production methods replacing old ones in a never-ending cycle. This is the basis for sustained economic growth
since the end of the 19th century...
Am I missing something?
How can they assert that the current trajectory of economic growth won't end in stagnation, like every other growth spurt throughout history?
Sure, the economic growth of the last 150 years is unprecedented in history. But so was the second most significant period of economic growth before it stagnated.
- JumpCrisscross 1y ago> How can they assert that the current trajectory of economic growth won't end in stagnation, like every other growth spurt throughout history? Straw man. Nobody argues this.
- geysersam 1y ago> production methods replacing old ones in a never-ending cycle > sustained economic growth Is it really such an unreasonable reading?
- JumpCrisscross 1y ago> Is it really such an unreasonable reading? It's reasonable but unnecessarily reductive. Particulalry when TFA is linked above.