This chapter examines the complexities of GDP as an indicator of human flourishing, highlighting its relevance for poorer nations while questioning its significance in wealthier contexts. The speakers reflect on the trade-offs between economic advancement and familial connections, exploring how industrial modernity and technology have transformed social relations. Ultimately, the discussion underscores the importance of balancing technological progress with the preservation of deep human connections.
The universe, points out economist Noah Smith, is always trying to kill us, whether through asteroids hurtling through space or our every-few-hours hunger pains. Why, then, should we expect anything but a gravitational pull toward poverty? Listen as Smith explains to EconTalk's Russ Roberts why he believes that poverty will always be our "elemental foe," and how what he calls "industrial modernity" is key to keeping poverty at bay. They also discuss Smith's impatience with the "degrowth movement," which he thinks jeopardizes our gains in the fight against the elemental foe.