5,994
edits
| Line 78: | Line 78: | ||
== Eric's Explanation from Discord == | == Eric's Explanation from Discord == | ||
<blockquote> | <blockquote> | ||
In 1945 we ended WWII with atomic devices. This was the end of conventional massive armed conflict. | ''In 1945 we ended WWII with atomic devices. This was the end of conventional massive armed conflict. | ||
Between 1952-54 we cracked the twin nuclei of atoms (Hydrogen fusion bombs) and cells (3-d structure of DNA). | ''Between 1952-54 we cracked the twin nuclei of atoms (Hydrogen fusion bombs) and cells (3-d structure of DNA). | ||
We now live on borrowed time determined largely by luck, growth and the memory of WWII. | ''We now live on borrowed time determined largely by luck, growth and the memory of WWII. | ||
Our growth ran out, then our memory of WWII. We now live on Luck. | ''Our growth ran out, then our memory of WWII. We now live on Luck. | ||
This has created a world wide epidemic of magical thinking that nothing truly bad can still happen. | ''This has created a world wide epidemic of magical thinking that nothing truly bad can still happen. | ||
During the 1945-1972 Epoch, growth was economically high, stable, broadly distributed, technologically lead. | ''During the 1945-1972 Epoch, growth was economically high, stable, broadly distributed, technologically lead. | ||
During this period Derek de Solla Price discovered that science was on an unsustainable exponential. | ''During this period Derek de Solla Price discovered that science was on an unsustainable exponential. | ||
He published 'Science Since Babylon' (1959?) predicting an end to scientific growth. | ''He published 'Science Since Babylon' (1959?) predicting an end to scientific growth. | ||
Science is upstream of technology which is upstream of markets. And the predicted end came around 1972. | ''Science is upstream of technology which is upstream of markets. And the predicted end came around 1972. | ||
During the 1945-1972 era, institutions built in assumptions about their future growth. | ''During the 1945-1972 era, institutions built in assumptions about their future growth. | ||
Those Embedded Growth Obligations or E.G.0.s are now unsustainable. | ''Those Embedded Growth Obligations or E.G.0.s are now unsustainable. | ||
This has caused nearly all institutions to be headed by people willing to lie to keep the institutions alive. | ''This has caused nearly all institutions to be headed by people willing to lie to keep the institutions alive. | ||
There are a small number of fields where growth kept going (E.g. semiconductors, communications, and their outgrowths). | ''There are a small number of fields where growth kept going (E.g. semiconductors, communications, and their outgrowths). | ||
Mostly the world stagnated by the standards of the past around 1972. | ''Mostly the world stagnated by the standards of the past around 1972. | ||
Between 1972 and 2008 a long period of managed fake growth took place to disguise the end of the post WWII growth regime. | ''Between 1972 and 2008 a long period of managed fake growth took place to disguise the end of the post WWII growth regime. | ||
This was called, downsizing, deregulation, mergers/aquisition, globalization, 'best brightest' immigration, securitization, financialization. Etc. | ''This was called, downsizing, deregulation, mergers/aquisition, globalization, 'best brightest' immigration, securitization, financialization. Etc. | ||
Starting in the 1990s this Davos style economics began to result in massive wealth inequality in the developed world under a fig leaf of idealism. | ''Starting in the 1990s this Davos style economics began to result in massive wealth inequality in the developed world under a fig leaf of idealism. | ||
By 2008, fake growth became unsustainable and the world woke up from a crazy dream of "The Great Moderation' to sanity. | ''By 2008, fake growth became unsustainable and the world woke up from a crazy dream of "The Great Moderation' to sanity. | ||
It was that sanity that made the markets "go crazy." | ''It was that sanity that made the markets "go crazy." | ||
Since 2008, no one really believes in market absolutism nor in government fairness nor in banking. But, oddly, we can't form new economic theories. | ''Since 2008, no one really believes in market absolutism nor in government fairness nor in banking. But, oddly, we can't form new economic theories. | ||
This zombie period lasted from 2008 until 2016 where the Trump and Brexit votes shocked the rent-seeking elite. | ''This zombie period lasted from 2008 until 2016 where the Trump and Brexit votes shocked the rent-seeking elite. | ||
We are now trying to have new ideas. It is very difficult for them to form given the level of inequality. | ''We are now trying to have new ideas. It is very difficult for them to form given the level of inequality. | ||
As for the decision trees: if humanity is to have a future greater than 500 years with fusion devices and other horrors, what must happen? | ''As for the decision trees: if humanity is to have a future greater than 500 years with fusion devices and other horrors, what must happen? | ||
</blockquote> | </blockquote> | ||