alt Hacker News"greatly accelerate economic growth rates" - I always wonder about this goal. I understand increasing economic efficiency. But what do we as a species gain from global economy growth.
When we say the world's GDP grew by X%, what is the point of that growth? Inflation? If the economy grows as a direct effect of humanity growing, I get that. If the economy becomes more efficient and we can not get more with less, I also get that.
But what is the point of just growth, if not simply to show others that I am growing faster than you? At which point this is a meaningless number. What am I missing?
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Low growth means young people are miserable and have worse standards of living than their parents, as we're seeing in most of western Europe, where GDP per capita hasn't meaningfully increased for decades.
GDP growth and inflation are different things. If inflation-adjusted GDP goes up, that means the average person is able to buy more things they want. Compare living in the US vs India today for the median citizen