“A few hundred thousand years ago in early human (or hominid) prehistory, growth was so slow that it took on the order of one million years for human productive capacity to increase sufficiently to sustain an additional one million individuals living at subsistence level. By 5000 bc, following the Agricultural Revolution, the rate of growth had increased to the point where the same amount of growth took just two centuries. Today, following the Industrial Revolution, the world economy grows on average by that amount every ninety minutes. … It is impressive that an amount of economic growth that took 200 years seven thousand years ago takes just ninety minutes now, and that the world population growth that took two centuries then takes one and a half weeks now.”
