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Overcoming Bias Commenter's avatar

I think your estimates of 1-2 centuries before reaching mature nanotechnologies is accurate if we assume that it's human minds doing the work. However, if sophisticated machine intelligence plays large role in developing these technologies, then the expectation of an acceleration in nanotech seems perfectly reasonable.

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Philip Goetz's avatar

Check and make sure you're using income per person, not per household. You can find various figures, but none of them conclude that income has risen much.

>And it would take you only a minute to realize that you'd rather live at the current level of material wealth than the 1970 level.

Incorrect. If I'd gone to college in 1970, I could have gone to Harvard, and my entire life would have been much better. I could own a house. We have cheap consumer goods, but land and education are much more expensive, and more important to me.

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