The core drivers of economic growth, including secure property rights, a scientific view of the world, widely available funding, and rapid communication and transportation of goods, are still intact. Despite the challenges like COVID, political nonsense, and volatility in the stock market, remaining optimistic is crucial. Like a delayed flight, as long as the engines are roaring, wings intact, and pilots capable, reaching your destination is inevitable.
All optimistic beliefs can be dangerous because they’re so comforting, so easy to accept without asking further questions. Hope often masquerades as optimism when you think things will improve only because the alternative is too scary to contemplate.
Every optimist needs to justify exactly why they're optimistic. In this episode, I offer my own three reasons.