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Re: B402 post# 388142

Thursday, 10/14/2021 9:10:56 PM

Thursday, October 14, 2021 9:10:56 PM

Post# of 575132
Sounds Malthusian to me, and we know how that turned out.

The pace of technological change is unlikely to slow down, and how much might it accelerate as AI and The Internet of Things gooses the economy? When Clinton was elected how many people foresaw the impact the Internet would have on the economy?

Business as usual would be, unusual.

https://www.investopedia.com/terms/t/thomas-malthus.asp

Nature and Progress of Rent" (1815) and "Principles of Political Economy" (1820), in which he argued that the available farmland was insufficient to feed the increasing world population. Malthus specifically stated that the human population increases geometrically, while food production increases arithmetically. Under this paradigm, humans would eventually be unable to produce enough food to sustain themselves.

This theory was criticized by economists and ultimately disproved. Even as the human population continues to increase, technological developments and migration have ensured that the percentage of people living below the poverty line continues to decline. In addition, global interconnectedness stimulates the flow of aid from food-rich nations to developing regions.

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