Thursday, December 13, 2018

Thanos 3

(cont'd from yesterday's post)

Though the earth has seven times as many people as it did when Thomas Malthus was writing, we have many times as much material wealth as people had then. Population has grown massively, and material wealth has grown even more massively right along with population.

Huge population growth did not lead to famine. 

Thanos and Malthus were wrong. The material wealth of the world is not fixed and unchanging. Material wealth grows when people make discoveries, find better ways to provide what people need, what their customers need.

For example, take petroleum (as the video explained). It was a worthless nuisance -- until people discovered something world-shaking:  how to tap the energy already within it. The resulting uses of petroleum created prosperity and improved lives all over the world.

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