In the ‘2% RGDP growth’ view, the plateau is already here, since exponential RGDP growth is probably subexponential utility growth. (I reckon this is a good example of confusion caused by using ‘plateau’ to mean ‘subexponential’ :) )
In the ‘accelerating view’, it seems that whether there is exponential utility growth in the long term comes down to the same intuitions about whether things keep accelerating forever that are discussed in other threads.
Ok, but note that this depends crucially on whether you decide that your utility looks more like log(GDP), or more like (GDP)^0.1, say. I don’t know how we can be confident that it is one and not the other.
In the ‘2% RGDP growth’ view, the plateau is already here, since exponential RGDP growth is probably subexponential utility growth. (I reckon this is a good example of confusion caused by using ‘plateau’ to mean ‘subexponential’ :) )
In the ‘accelerating view’, it seems that whether there is exponential utility growth in the long term comes down to the same intuitions about whether things keep accelerating forever that are discussed in other threads.
Ok, but note that this depends crucially on whether you decide that your utility looks more like log(GDP), or more like (GDP)^0.1, say. I don’t know how we can be confident that it is one and not the other.