Summary: Most of us now live under ‘finite world economics’, where population growth results in a smaller share of wealth for each individual and the majority of the population, but increased revenues for Governments, nationwide businesses and multinationals who gain revenue from the entire population. The rich win, the rest suffer.
The now finite World
When Christopher Columbus set sail for America, no one had a world map, doubt about a map the included America. When Captain Cook ‘discovered’ Australia, as it approached the year 1800, no civilization knew where all the land on Earth was located. By 1900, humans knew where all the land was, but still had not explored all that land. Now (2017 at the time of writing), we basically know where all the land is and have even allocated ownership and mineral rights of all the land. Our world is now finite.
The post explores the ‘finite’ world concept, then discuss each of the two dynamics resulting in the widening of the gap between rich and poor.Continue reading “The New Economics of Population Growth in a Finite world”