The exceptional growth of the post-war period (roughly 1948–1973) cannot be replicated because it rested on a one-off confluence of one-time technologies—especially the spread of electrification—and the diminishing-returns leap from a primary-educated to a mass secondary-educated workforce; further education yields only small productivity gains, so those incremental gains are exhausted.
causalpending
Speaker
John RapleyEvidence Quote
“it was a confluence of two factors. One, this technology, particularly the spread of electrification... with mass education to secondary level... and that can't be replicated.”
Source
Rich Countries Are the Most Likely to COLLAPSE | Aaron Bastani Meets John Rapley— Novara MediaCreated: 6/18/2026, 1:57:52 PM
My Notes
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