/biz/ - Business & Finance

>>6835536
A millionaire in 2018 would have the quality of life compared to a third world citizen compared to a middle-class 2050s quality of life.

People that reject this world view usually have no idea of the actual numbers involved and how big the actual growth of production actually is in the world.

For example in the last 5 years from 2012 to 2017 we have found more oil deposits than in all of human history combined and we almost tripled oil production.

Similar rates of increase and new deposits were found in almost all mining sectors as well.

People should be thought this at school so we could prepare the next generation to handle an economy with so much excess instead of still educating them as if we will have scarcity in a couple of decades.