>I think you may have missed the other 6 billion people on the planet getting massive improvements in their quality of life.
replyI think you have missed that it's easy to get "massive improvements in your quality of life" if you start from merely-post-revolution-era China or 1950s Africa or colonial India.
Much less so if you plateaud as US and Europe, and live off of increased debt ever since the 1970s.
And yet in the US I can currently survive and illness by the means of technology where I would have died in the 70s. It can be really hard to see the forest from the trees when everything around us is rapidly changing technology.
replyIncreased debt is mostly on the good that technology cannot at least yet reproduce. For example they aren't making new land. Taste, NIMBYism and currently laws stop us from increased housing density in a lot of places too. Healthcare is still quite limited by laws in the US and made expensive because of it.