2min chapter

People I (Mostly) Admire cover image

86. A Million-Year View on Morality

People I (Mostly) Admire

CHAPTER

Economic Growth Is Not a Doomsday Prediction

We've gotten so used to economic growth over the last few hundred years that it seems like the natural state of things. The math associated with compounding makes it unlikely, impossible, that economic growth can actually persist. Just think trillions times trillions times trillions of amounts of output as the entire world economy to day. And we can't do it just by having more stuff. It's not like we can just be producing more loaves of bread and more steel. We very, very quickly run out of that.

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