Is there a point where enough (per capita) wealth has been created? Where there is enough pie to go around for everyone, and we have no need to create more pies?
replyI am sure we can all argue about where that point is, but I wonder if we agree that there is such a point? Or do we have to keep increasing our wealth forever?
The issue is that the world is changing and we have no means to stop that. If you don't create new pies, people come and eat your existing pies...
replyLook at the auto industry for example.
If Chinese decide to invest into EVs etc. we can't stand on the side lines and so, no we want the world / our wealth to stay like it is.
But that's how we operate. We operate as if we have decided it's enough, now everybody please stop.