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Abundance Demands Growth
The potential for an explosion of intelligence and innovation hinges on real GDP growth, serving as the primary constraint as we navigate the economic implications of advancements in artificial general intelligence (AGI). Current growth rates, particularly in the developed world, are stagnant or minimal, necessitating a focus on achieving significant growth, akin to the industrial revolution levels. This implies that while we may envision transformative changes, the reality of achieving 5% growth after inflation must be prioritized, indicating that both supply-side advancements and sustained demand are essential for meaningful economic progress.