The Long View

There were a few of us who said something much less popular. We predicted that the grand technological breakthroughs were not going to happen, and the grand social awakenings were not going to happen, and the grand apocalyptic catastrophes were not going to happen. .. We predicted instead that demand destruction and an assortment of temporary gimmicks would keep things rolling on ….

The Seneca Rebound: Why Growth is Faster after Collapse. Explaining the European World Dominance

What made Europeans so successful in the task of conquering the world? My interpretation is that it was the result of periodic “Seneca Collapses” of the European population which made it possible to accumulate resources that would then be available to propel the European expansion. It is an effect that may be called the”Seneca Rebound” that makes growth faster after a collapse.