Monday, June 16, 2008

Malthus Twofer

NYT had two recent posts on the current food/gas crisis and the long-avoided doomsday scenario theorized by Thomas Malthus. They pretty well capture the best- and worst-case scenarios for the future.

The first post is a good primer on the Malthusian theory, how it has been consistently avoided over the past 200 years, and how that may now be changing.
His basic theory was that populations, which grow geometrically, will
inevitably outpace food production, which grows arithmetically. Famine
would result. The thought has underlain doomsday scenarios both real
and imagined, from the Great Irish Famine of 1845 to the Population
Bomb of 1968.
The second post argues that the accelerating pace of technological progress and the prediction for an impending "economic Singularity" will radically change the global economy and could release us from our Malthusian bonds.
If a new transition were to show the same pattern as the past two, then
growth would quickly speed up by between 60‑ and 250-fold. The world
economy, which now doubles in 15 years or so, would soon double in
somewhere from a week to a month.

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