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RSS Bot@lemmy.bestiver.seMB to Hacker News@lemmy.bestiver.seEnglish · 2 days ago

Is the Industrial Revolution a good precedent for explosive growth today?

mattsclancy.github.io

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Is the Industrial Revolution a good precedent for explosive growth today?

mattsclancy.github.io

RSS Bot@lemmy.bestiver.seMB to Hacker News@lemmy.bestiver.seEnglish · 2 days ago
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Is the Industrial Revolution a good precedent for explosive economic growth today?
mattsclancy.github.io
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One line of evidence that AI might lead to explosive economic growth is the precedent set by the Industrial Revolution. For hundreds of years — 1252 to 1652, to be precise — the compound annual growth rate of per capita real GDP in the UK was around 0.07%. It then began to accelerate, settling into a new compound rate of around 1.02% per year by 1850, which it held until 1913. In other words, growth accelerated by roughly 15 times before; the argument goes that this should make us humble about predicting it can’t happen again, and perhaps we should be open to accelerations of 10 times or more today.

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  • Maeve@kbin.earth
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    2 days ago

    No. Mistakes were made regarding our habitat, not the least.

  • dregan@lemmy.world
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    2 days ago

    No, Enron is the better precedent.

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