As AI diffuses, annual GDP growth rates reach 15% a year, leading the economy to double in size every 4.5 years.
【数据】极端情景下的GDP增长率预测达到惊人的15%,这意味着经济每4.5年翻一番,这种指数级增长预测远超历史任何技术革命,体现了模型对AI经济潜力的激进估计。
As AI diffuses, annual GDP growth rates reach 15% a year, leading the economy to double in size every 4.5 years.
【数据】极端情景下的GDP增长率预测达到惊人的15%,这意味着经济每4.5年翻一番,这种指数级增长预测远超历史任何技术革命,体现了模型对AI经济潜力的激进估计。
the estimated value of the average session rose by 27% between October and April
这个27%的会话价值增长是衡量AI代理经济影响的关键指标。文章提到这是通过比较自由职业市场职位发布来估算的,但承认这些价格估算是粗略的,主要用于比较任务随时间的变化,而非作为实际美元价值。27%的增长率相当显著,表明用户正在使用AI代理完成更有价值或更复杂的任务。然而,这种估算方法可能存在偏差,特别是如果自由职业市场与内部工作价值评估标准不同。
we don't have leverage to uh counter what um John Baptist was and talking about at the end the more and more and more
for - infinite economic growth - more more more - climate crisis - infinite growth of capitalism problem - antidote - targeted degrowth
he most important decision-m which is economic is removed from the political realm for um a lot of us who live in democracies
for - growth economy - important economic decisions - people have no say
a new economic paradigm beyond growth
for - economic paradigm - beyond growth Julia Steinberger - beyond economic growth
force has been held up as an ideal. Given the way our economic system has beenstructured, unmitigated growth is necessary for the whole system to functionwithout collapsing—that is, until it does finally collapse, because growthwithout destruction is unsustainable. It does not have to be this way, but it ishow our institutions and laws have been set up (by means of language). For
for - example - words - opposites - economic growth
The Action Aid report calculates that rich countries achieved up to 70% of their economic growth by using more than their fair share of the climate budget.
for - report - Action Aid - climate justice - stats - 70% of economic growth of global North - unequal carbon budget
for - economic growth - physical limits to - reductio ad absurdum - physical absurdity of continuing current energy and waste heat trends into the near future
paper details - title - Limits to Economic Growth - author - Thomas W. Murphy Jr. - date - 21 July, 2022 - publication - Nature Physics, comment, online - https://doi.org/10.1038/s41567-022-01652-6
summary - Physicist Thomas W. Murphy employs reductio ab adsurdium logic to prove the fallacy of the assumptions of his argument - In this case, the argument is that we can indefinitely continue to sustain economic growth at rates that have held steady at about 2-3% per annum since the early 1900s. - Using both idealistic and simplified energy and waste heat calculations of energy and waste heat compounding at 2-3% per annum (or 10x per century), Murphy shows the absurd conclusions of continuing these current trends of energy and waste heat emissions on a global scale. - The implications are that physics and thermodynamics will naturally constrain us to plateau to a steady state economy in which the majority of economic activity needs to not depend on physically intensive
from - Planet Critical podcast - 6th Mass Extinction - interview with science journalist Peter Brannen - https://hyp.is/66oSJD-AEe-rN08IjlMu5A/docdrop.org/video/cP8FXbPrEiI/
An examplein the energy domain demonstrates theabsurdity of indefinite growth in the physicalrealm.
for - absurdity of indefinite economic growth - energy projection example of recent energy trends
-absurdity of indefinite economic growth - energy projections - Energy growth has typically been 2–3% per year since early 1900's. - This is approximately equivalent to 10x each century - Present-day energy output is 18 TW and extrapolates to - - approx.100 TW in 2100, - approx. 1,000 TW in 2200, etc. - In 400 years, from today, we would exceed the total solar power incident on Earth - In 1300 years from today, we would exceed the entire output of the Sun in all directions - In 2400 years from today, we would exceed the energy output of all 100 billion stars in the Milky Way galaxy - This last jump is made impossible by the fact that even light cannot cross the galaxy in fewer than 100,000 years. - Hence, physics puts a hard limit on how long our energy growth enterprise could possibly continue
Continued economic growth in the faceof steady-state physical resources wouldrequire all growth to be effectively in thenon-physical sector, possibly assisted bymodest efficiency improvements in howwe use physical resources.
for - decoupling - economic growth from - physical resources
Given that assumptions of quantitativegrowth are pervasive in our society andhave been present for many generations,it is perhaps not surprising that growth isnot widely understood to be a transientphenomenon. Early thinkers on the physicaleconomy, such as Adam Smith, ThomasMalthus, David Ricardo and John Stuart Millsaw the growth phase as just that: a phase9
for - quote - economic growth - pioneering economists saw growth not as permanent, but as just a temporary phase
quote - economic growth - pioneering economists saw growth not as permanent, but as just a temporary phase - (see below) - Given that - assumptions of quantitative growth are pervasive in our society and - have been present for many generations, - it is perhaps not surprising that growth is not widely understood to be a transient phenomenon. - Early thinkers on the physical economy, such as - Adam Smith, <br /> - Thomas Malthus, - David Ricardo and - John Stuart Mill - saw the growth phase as just that: a phase
Another way to frame physicallimitations to growth is in terms of wasteheat, which is the end product of nearlyall energetic utilization on Earth.
for - absurdity of indefinite economic growth - waste heat projection example of recent waste heat trends
absurdity of indefinite economic growth - waste heat projection example of recent waste heat trends - At present, the waste heat term is about four orders of magnitude smaller than the solar term. - But at a growth factor of ten per century, they would reach parity in roughly 400 years. - Indeed, the surface temperature of Earth would reach the boiling point of water (373 K) in just over 400 years under this relentless prescription.
this very elegant uh argument made by this I think he is a uh he's a physicist I 00:46:11 think at UC San Diego Tom Murphy where he's like even even if you take the most conservative relationship between energy use and economic growth and you plot it out a couple hundred years from now then 00:46:26 the economy is producing so much waste heat that the oceans will be boiling off and in in a thousand years you're like the economy is producing so much waste heat that it's more energy than is put 00:46:38 out in the sun in all directions
for - limits to economic growth - physics calculations - by Tom Murphy show absurdity of continual growth - energy and waste heat perspective
to - Nature Physics - LImits to Economic Growth - Tom Murphy - https://hyp.is/CM3Grj9_Ee-obTc6jrPBRA/tmurphy.physics.ucsd.edu/papers/limits-econ-final.pdf
this is where we can see the doubling time of the global economy in years from 1903 it's been 15 years but after super intelligence what happens is it going to be every 3 years is it going be every five is it going to 00:33:22 be every year is it going to be every 6 months I mean how crazy is the growth going to be
for - progress trap - AI triggering massive economic growth - planetary boundaries
progress trap - AI triggering massive economic growth - planetary boundaries - The podcaster does not consider the ramifications of the potential disastrous impact of such economic growth if not managed properly
for - liberalism - economic growth - adjacency - liberalism - economic growth
Adjacency - between - growth - liberalism - adjacency statement - Since researching the work of Christopher Shaw, and especially his book - Liberalism and the Challenge of Climate Change - I can see the adjacency between liberalism and economic growth - Laws are a cap on one type of behavioral liberty, and yet, there is no cap on consumptive liberty, which is what is causing us to collectively exceed natural limits
for: climate solutions - low economic growth, Jason Hickel,
there's no uh uh catastrophe even if things plug along as they're going and there's no mass die off of humans or anything like that 00:36:47 the population is set to decline i don't know when the peak is supposed to come but uh the peak is supposed to come at you know within the next 10 20 years or so 00:36:59 and after that the world population will start to decline how is how is this growth capitalism model growth-based capitalism model how is that going to 00:37:12 function when the world is shrinking
Ads, Andrew and James discuss where the the climate movement is right now, how deep time plays into the effects we are having on the planet, when good people do bad things because of poor systems and what happens next if 1.5C fails.
31:00 Shell oil carbon offset greenwashing scam - the sky zero proposal - Shell claims they can offset all the O+G emissions out of the ground - it is preposterous - there's not enough land on earth when you tally up all the carbon offset afforestation schemes
32:30 Neo-colonialism
37:00 Deferred Emission Reduction
40:00 can we do anything within the extractive capitalist system?
44:22: Stop burning fossil fuels
47:00 economic growth prevents real change
51:00 Degrowth making headway
52:10 Is there a positive future scenario - The role of solidarity
assessment of extra capacity required of alternative energy electrical power systems to completely replace fossil fuels
Title: Assessment of extra capacity required of alternative energy electrical power systems to completely replace fossil fuels Author: Prof. Simon Michaux, Geological Survey of Finland (GTK) Year: 2022
Numerous studies have shown thatthe fiscal state’s rise in power made a major contribution to the pro-cess of economic development. The new receipts did in fact make itpossible to finance expenditures that proved indispensable not onlyfor reducing inequalities but also for encouraging growth. These ex-penditures included a massive and relatively egalitarian investmentin education and health care (or, at least, a much more massive andegalitarian investment than any previous); expansion of transporta-tion and other community infrastructure; the replacement income,such as retirement pensions, necessary for supporting an aging popu-lation; and reserves, such as unemployment insurance, for stabilizingthe economy and society in the event of a recession.1
See especially P. Lindert, Growing Public: Social Spending and Economic Growth since the Eighteenth Century (Cambridge: Cambridge University Press, 2004).
Ample evidence has shown that increasing taxes in Western countries along with the states' power to use it during the majority of the 1900s not only reduced inequalities but encouraged growth.
Elsewhere, I have critiqued this ideology on the grounds that there are other stakeholders besides shareholders who, through the provision of capital or labor, make contributions to the business enterprise that help to generate future returns but without a guaranteed share of these returns.101 Through government investments and subsidies, taxpayers regularly pro-vide finance to companies without a guaranteed return. As risk bearers, therefore, taxpayers have a claim on corporate profits if and when they are generated. In addition, through the exercise of skill and effort beyond those levels required to lay claim to their current pay, workers regularly make productive contributions to the companies for which they work without a guaranteed return, but with an expectation of future profits in the forms of higher wages and benefits, more secure employment, and better work conditions. Confronting agency theory with what I call “in-novation theory,” I argue that sharing corporate profits with these other risk-bearers (taxpayers and workers) is essential not only for equitable distribution, but also for sustainable productivity gains that make higher standards of living possible.1
william lazonick's 'innovation theory', an alternative to 'agency theory'/MSV which argues that if the logic justifying shareholder's rights to profits (they take on risk) is true, workers and taxpayers also have a right to profits
employment generated by ongo-ing government spending, particularly on higher education, healthcare, advanced technology, and physical infrastructure (for example, the inter-state highway system), complemented the employment opportunities provided by the business sector.
infrastructure and the resulting economic gains can only happen once
Day. G., Shea. G., (2020). COVID-19: 3 ways businesses can find growth opportunities during the crisis. World Economic Forum. Retrieved from https://www.weforum.org/agenda/2020/06/innovation-rethink-wharton-covid19-coronavirus
IZA – Institute of Labor Economics. ‘COVID-19 and the Labor Market’. Accessed 6 October 2020. https://covid-19.iza.org/publications/dp13664/.
London calling: Why it's time to bring life back to our city's streets. (n.d.). CityA.M. Retrieved August 11, 2020 from https://www.cityam.com/london-calling-why-its-time-to-bring-life-back-to-our-citys-streets/
Gale, W. G., Gelfond, H., Fichtner, J. J., & Harris, B. H. (2020). The Wealth of Generations, With Special Attention to the Millennials (Working Paper No. 27123; Working Paper Series). National Bureau of Economic Research. https://doi.org/10.3386/w27123
moving from emissions to concentrations in the context of forecasting long-term economic growth, the likelihood that CO2 concentrations will exceed those assumed in RCP8.5 by 2100 is at least 35%
This means that the CO2 emissions caused by use of fossile fuels should be understood as a component of all emissions caused by continued economic growth.
Altig, D., Baker, S. R., Barrero, J. M., Bloom, N., Bunn, P., Chen, S., Davis, S. J., Leather, J., Meyer, B. H., Mihaylov, E., Mizen, P., Parker, N. B., Renault, T., Smietanka, P., & Thwaites, G. (2020). Economic Uncertainty Before and During the COVID-19 Pandemic (Working Paper No. 27418; Working Paper Series). National Bureau of Economic Research. https://doi.org/10.3386/w27418
Naudé, W. (2020). Entrepreneurial Recovery from COVID-19: Decentralization, Democratization, Demand, Distribution, and Demography. IZA Discussion Paper, 13436.
Burgess, M. G., Langendorf, R. E., Ippolito, T., & Pielke, R. (2020). Optimistically biased economic growth forecasts and negatively skewed annual variation [Preprint]. SocArXiv. https://doi.org/10.31235/osf.io/vndqr
European Semester Spring Package. (n.d.). [Text]. European Commission - European Commission. Retrieved May 31, 2020, from https://ec.europa.eu/commission/presscorner/detail/en/ip_20_901
Yu, Q., Salvador, C., Melani, I., Berg, M., & Kitayama, S. (2020, May 14). The lethal spiral: Racial segregation and economic disparity jointly exacerbate the COVID-19 fatality in large American cities. https://doi.org/10.31234/osf.io/xgbpy
Pichler, Anton, Marco Pangallo, R. Maria del Rio-Chanona, François Lafond, and J. Doyne Farmer. “Production Networks and Epidemic Spreading: How to Restart the UK Economy?” ArXiv:2005.10585 [Physics, q-Fin], May 21, 2020. http://arxiv.org/abs/2005.10585.
Nevertheless, the evidence suggests that social capital and social institutions are significant predictors of economic growth, after controlling for the effects of human capital and initial levels of income (Knack and Keefer 1997), (Knack 2002).4 So trust is a relevant dimension of social interactions that has been connected to individual dyads, network formation, labor markets, and even economic growth.