This would stop the currently exponential pace of growth from outpacing what society, and regulation, can adapt to. Thus avoiding the inevitable crash that will happen when we lose control of the exponentially accelerating train of technology, and it flies off the rails.
No, not really. It would limit beneficial advancements in technology as well.
Like crossing over to renewable energy sources and advancements in energy efficiency or battery technology. Thanks to EVs we have progressed significantly in that department within last few years.
Or medical advancements, covid and mRNA vaccines are probably a good example.
These would just need a different (higher) set point of the control loop, but still need some kind of regulating mechanism.
Even things like renewable deployment need some kind of selective dampening to make them work, e.g. to allow the old style energy infrastructure to keep up without the grid frequently collapsing.
Same for medical advancements. E.g. you don’t want the employment speed of new methods outpace the test and review measures ensuring people’s safety.
Well said
Fair, good point, yeah it would need some regulating mechanism to make sure that the gird can keep up and to make sure that medical advancements are safe to use.
I mean medical advancements already have a regulation mechanism in the form of certification that does indeed limit the pace of their development. It’s quite a clumsy one though and there’s no feedback loop, it’s more like a permanent break
Yes, i kinda forgot that.