In the last two hundred years, economic output is up more than three hundred times. Per capita GDP has risen at least thirteenfold over the same period, and in the very richest parts of the world it has risen a hundredfold. At the beginning of the nineteenth century, almost everyone lived in extreme poverty. Now, globally, this sits at around 9 percent. Exponential improvements in the human condition, once impossible, are routine. At root, this is a story of systematically applying science and technology in the name of profit. This in turn drove huge leaps in output and living standards.
