04-29-2016, 12:10 PM
Are you suggesting that exponential growth can continue indefinitely? Is the new iPhone ten times (or any multiple) better than the one before it and that one also ten times better than the one before that? Or are improvements getting smaller between models?
Can a factory continue to double its output by improving the efficiency of their machines? OR does that rate of gain decrease?
If we make a car which goes 100 miles an hour, can we double that speed with the next car and then double it again with the next car or do we spend ever growing amounts to get a smaller and smaller improvement in speed?
We did see massive growth in technology and output in the previous century from large leaps in technology but those large gains are pretty much gone and gains are more difficult to come by.