#109 – Holden Karnofsky on the most important century

Will the future of humanity be wild, or boring? It’s natural to think that if we’re trying to be sober and measured, and predict what will really happen rather than spin an exciting story, it’s more likely than not to be sort of… dull.
But there’s also good reason to think that that is simply impossible. The idea that there’s a boring future that’s internally coherent is an illusion that comes from not inspecting those scenarios too closely.
At least that is what Holden Karnofsky — founder of charity evaluator GiveWell and foundation Open Philanthropy — argues in his new article series titled ‘The Most Important Century’. He hopes to lay out part of the worldview that’s driving the strategy and grantmaking of Open Philanthropy’s longtermist team, and encourage more people to join his efforts to positively shape humanity’s future.
The bind is this. For the first 99% of human history the global economy (initially mostly food production) grew very slowly: under 0.1% a year. But since the industrial revolution around 1800, growth has exploded to over 2% a year.
To us in 2020 that sounds perfectly sensible and the natural order of things. But Holden points out that in fact it’s not only unprecedented, it also can’t continue for long.
The power of compounding increases means that to sustain 2% growth for just 10,000 years, 5% as long as humanity has already existed, would require us to turn every individual atom in the galaxy into an economy as large as the Earth’s today. Not super likely.








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