This was posted by the inestimable Bjorn Lomborg:

Fortunately, the prediction from both economists and the UN is that the average person over the century will get about 5x richer — and could be 10x (bad policies could also lead us much astray)

Read more in my peer-reviewed article:
https://sciencedirect.com/science/article/pii/S0040162520304157

Tim adds:

Bet that won't happen. The wealthier the world becomes the more amenable it becomes to socialistic policies and economic disgruntlement (to coin a phrase) and that is going to lead to an eventual slowdown of economic growth. War is coming, as is the Green New Deal which will strangle economic output. I think it would happen if we weren't moving into the slough of despond wrought by leftist policies and a thirst for "equity".

Some will grow richer - vastly richer. But the average person will decline into a kind of easy poverty, supported by unhealthy doses of a social safety net that drags them down and keeps them there. And the poor will remain poor and angry.

What we've seen in the West in recent years is the coming trend, unless we somehow beat it back.

Posted by: Timothy Birdnow at 09:57 AM | No Comments | Add Comment
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