How far can humanity advance?
Economic growth is a new concept, existing on a global level only since the Industrial Revolution. So what makes us think we can keep driving ever onward and upward if so little of history suggests we can?
Indeed much of our growth has been based on our imagination and creativity. But is man able to create anything entirely new? Try it now and you’ll find that what you think of in fact adapts something else that already exists. The greatest example in human history is the wheel. But that too we could have derived from a stone or a piece of fruit rolling down a hill, or perhaps more likely a log.
In addition, countries like China are able to grow fast because they are playing ‘Catch-up economics’. This occurs where new ideas, capital and technologies are being adapted/taken from abroad. Yet if the paragraph above is true then aren’t we all just playing ‘catch-up’ with nature? If we can’t ever think of anything new then we can only ever advance as far as nature allows us too. Right? Or wrong?