It can’t slow down, or you get increasingly large bubbles
Like the AI bubble. The US economy has slowed down in nearly every other area, so everyone put the money into AI, the one growth area. Which made the bubble bigger, and more attractive for investment, and so on
Now when the AI bubble pops, it’s going to create bills no one can pay. And if we manage through that crisis, the next one will be larger. It’s the nature of a debt based economy
This ends in a jubilee, where the debts are forgiven, through hyperinflation, where the debts are shrunk into nothing, or the people in charge keep arguing about it until the starving peasants burst in
It could slow down. But people think we can have infinite growth in a finite system.
It can’t slow down, or you get increasingly large bubbles
Like the AI bubble. The US economy has slowed down in nearly every other area, so everyone put the money into AI, the one growth area. Which made the bubble bigger, and more attractive for investment, and so on
Now when the AI bubble pops, it’s going to create bills no one can pay. And if we manage through that crisis, the next one will be larger. It’s the nature of a debt based economy
This ends in a jubilee, where the debts are forgiven, through hyperinflation, where the debts are shrunk into nothing, or the people in charge keep arguing about it until the starving peasants burst in