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In the post-Second World War era, concerns arose about global population growth outpacing available resources, leading to fears of scarcity and mass starvation. Influential figures like Paul Ehrlich's book 'The Population Bomb' in 1968 fueled these apocalyptic predictions, sparking psychological impact despite a lack of realization of the catastrophic scenarios. The Julian Simon-Paul Ehrlich bet in 1980 on resource prices revealed that despite significant population growth, resource prices decreased by 36%, challenging the Malthusian notion of resource depletion.
Economists like Julian Simon opposed the Malthusian view by recognizing human intelligence and innovation as solutions to scarcity challenges. Simon's bet with Ehrlich highlighted that resources became cheaper despite population growth, emphasizing humans' capacity to innovate and overcome scarcity. Economists stress that human intelligence enables adaptation to circumvent scarcity issues, unlike predictions of precipitous collapse based on biological models.
Simon's bet underscored the importance of specifying time frames for predictions to hold scientific validity. The outcome revealed the fallibility of apocalyptic forecasts and emphasized the need for measurable and accountable hypothesis framing. By prioritizing intelligence over innate biological models, the bet showcased the efficacy of human innovation in addressing resource challenges and debunked static views of resource exhaustion.
Analyzing the historical data on personal resource abundance from commodities like sugar, rice, and pork, significant improvements over the years have been observed. The shift from minimal resource access in the past to current abundant availability signifies exponential growth in personal prosperity. The data illustrates how technological advancements and market mechanisms have facilitated heightened resource abundance, enhancing individual well-being and economic progress.
The concept of 'super abundance' denotes a scenario where resource abundance exceeds population growth rates, leading to heightened prosperity and surplus availability. Contrary to apocalyptic predictions, the evidence showcases a consistent trend of resource abundance surpassing demographic expansion, fostering economic growth and improved living standards. By assessing various commodities and services across historical periods, the data reveals a consistent trajectory of super abundance, highlighting the positive impact of innovation and market dynamics on human flourishing.
The Super Abundance framework integrates the measurement of personal resource abundance through time prices, indicating the efficiency and productivity gains in resource acquisition. By converting commodity prices into time equivalents, the framework allows for comprehensive analysis of wealth generation and progress over time. The empirical evidence supports the notion of exponential growth in personal resource abundance, reflecting the transformative impact of technological innovation and market efficiencies on economic prosperity.
Humanity's wealth is increasing faster than its population, indicating that each individual contributes more than they consume. The data shows a compounded growth rate of resource abundance over time, with early sets at 2.5% growth and later sets at 3.5%. This suggests that individuals, especially children, contribute positively to wealth creation and resource abundance, debunking beliefs of being a burden on the planet.
Innovation plays a crucial role in societal progress, converting new ideas into inventions that drive growth. The market serves as a testing ground for innovations, determining their value and impact, shaping them into beneficial contributions known as innovations. Investments in early childhood care, including nutrition, have shown significant returns in increasing human capital and cognitive abilities, highlighting the importance of fostering innovation to drive economic growth.
Challenges the misconception that there are too many people on the planet and that individuals are burdens due to the false narratives of overpopulation. Critiques eco-anxiety and anti-natalist views that instill fear and guilt about human impact on the environment. Encourages gratitude for societal advancements and promotes a positive perspective by highlighting the historical progress and potential for future innovation and human flourishing.
Marian Tupy and Gale Pooley are co-authors of the new book, “Super Abundance”. They sit down with Dr Jordan B Peterson to discuss their studies into overpopulation, the myths surrounding the subject, and how academia has created a new philosophy that demonizes modern man simply for existing.
Marian Tupy is the co-author of “Super Abundance”, as well as “10 Global Trends Every Smart Person Should Know” and “The Simon Abundance Index”. He is the current editor of humanprogress.org, and is a senior fellow at the center for global liberty and prosperity.
Gale Pooley is the co-author of “Super Abundance,” and is also an Associate Professor of business management at Brigham Young University in Hawaii. He has taught economics all over the world, and earned his PHD from the University of Idaho. He is also well known for his role in the development of the Simon Abundance Index.
Dr. Peterson's extensive catalog is available now on DailyWire+: https://utm.io/ueSXh
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