Of course, there are still many people who associate significant respect with the nobility, being rich, or being highly educated, but all three elements seem to be losing some of their prestige. Instead, today, status is increasingly associated with what you do rather than who you are or what you own. If you live an adventurous lite, promote good causes, or do some meaningful and demanding job, you can gain prestige and respect, and increasingly people communicate these things on social media.
P21 / 2021-09-30 18:40
The desire for prestige is big driver of human behaviour and economic phenomena. People want sympathy or admiration, but how do you get it? Over the past few centuries, in many people’s opinion, the ultimate achievement was belonging to the nobility – or, best of all, a royal family. The next-best thing was to know and befriend such people.
P218 / 2021-09-30 18:22
when only machines do the work of machines, people can revert to what they are best at – working as people.
in the future, many of the jobs that will be lost to AI and robots will go towards creating experiences.
Say’s Law, which states that supply creates demand: if companies in a free market economy produce more, wages and other payments for productive inputs will create sufficient demand for structural unemployment not to occur.
Not surprisingly, per capita GDP is correlated with higher performance on the EPI. In particular, overall EPI scores are higher in countries that have a per capita GDP of $10,000 or higher.’ In fact, statistics show that when GDP reaches approximately $4000 per capita, people usually begin to consider the environment and to rectify the first problems. Then, when it reaches $10 000+, the environment as a whole becomes cleaner.
a creative society continuously replaces bad or unsustainable technologies with some that are better, and that this often happens exponentially.
Innovation is humanity’s most important resource. Only through innovation can we obtain new resources and, given that our innovation is exponential, our access to resources will also be. That is why innovative societies do not run out of resources.
P141 / 2021-09-19 21:55
human nature is evidently such that, at regular and frequent intervals, it needs to invent a narrative about everything going wrong or about Armageddon lurking around the corner.
According to Roslin, the frame of reference for many people was knowledge they had acquired from teachers in their youth. But it was staggeringly obsolete knowledge, which perhaps reflected the far worse state of the world when those teachers received their education. In other words, people often remember figures from a worse world.
P28 / 2021-09-08 19:25
We tend to overestimate the impact of a technology in the short term and underestimate the long-term impact (Amara’s Law).
P23 / 2021-09-08 18:57