10 Jan 23
I ended my last essay with a cliffhanger question: is capitalist dynamism doomed? To answer the question, I think we need to distinguish between economic stagnation and an outright end to technological progress. Absent a cataclysm that wrecks civilization, the latter seems far from imminent. (The odds of such a cataclysm, however, are not nearly as long as we’d like.) The pipeline of technological wonders in the works remains far from empty, and I expect at least a trickle of new goodies to continue issuing from it. And, on the upside, the chances for transformative breakthroughs that lift the human condition to new heights seem to be roughly equivalent to those for catastrophe and regress.