As someone who has no economic training to speak of, the thing I never understand about these 'peak growth' articles is that while yes constructs like "GDP" may appear go down and "debt" to go up, but our overall productivity as a species has never been higher or more efficient. Why then should there be a lack of material goods and means?
this post was submitted on 08 Mar 2024
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Collapse
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If you use 3 units of debt and rising to produce 1 unit of "growth" which is measured in a highly gamed metric, is it really the same kind of growth as we had in 1950?
And in what units do you measure your productivity? Prostitution, black economy and owning your house without renting it out are also part of the GDP.