We had periods, over time, where economic growth was massive. Unfortunately, it was over the period of hundreds of years, meaning it is hard to see, especially for the people living through it.
In this video I discuss how these periods contract over time, with doublings in GDP happening at a faster rate. We are now in our third economic singularity, with the first two being the agricultural age following by industrialization. Like now, there is not a singe point of change. In fact, even in hindisght, it is impossible to see the beginning. Nevertheless, the digital (semiconductor) age is roughly 40 years old, and we are going deeper into it.
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