…ial-age, economic paradigm is what’s created the Massive Existential Threats the world faces today. The single-minded pursuit of maximizing short-term income (versus, for example, optimizing long-run well-being) is what’s ignited inequality, stagnation, climate change, and extremism — and the later problems that are likely to stem from them.
And that’s the hidden thread that connects today’s four Massive Existential Problems. Climate change happens when the planet’s well-being is used up to maximize immediate income. Stagnation happens when people’s well-being is used up to maximize immediate income. Inequality happens when a society’s well-being is used up to maximize immediate income. And extremism is a result of all that ripping yesterday’s stable and prosperous social contracts to shreds. Today’s great global problems are just surface manifestations of the same underlying breakdown — a badly, fatally, irreparably broken paradigm of human organization.