I used to think this, but I've come around somewhat. The economy as a basic premise is expected to grow at least 3% a year or bad stuff starts happening. Obviously no kind of exponential growth is sustainable, even at a low rate. The best minds are getting sucked into this at least partly because the work is necessary to keep the economic wheels spinning. If we give up on having an average % of yearly growth, we're committing to living in an economy that's a zero or negative sum game.
So yes, we are stagnating scientifically, but it's not necessarily for no reason. The longer we keep running the economy as is, the more smart people are going to have to be allocated to figuring out how to keep up with the exponential growth our system demands. Unfortunately, no one seems to have cracked steady-state economics, so it looks like we'll be doing this for the foreseeable future...
Additionally, I don't know how we're supposed to keep up with this absurd need for exponential growth without leaning hard on technology (at least if we presume we don't want to wreck the planet more.) I feel like big tech is actually doing something important with regard to growing the economy disproportionately with the physical resources they consume.
So yes, we are stagnating scientifically, but it's not necessarily for no reason. The longer we keep running the economy as is, the more smart people are going to have to be allocated to figuring out how to keep up with the exponential growth our system demands. Unfortunately, no one seems to have cracked steady-state economics, so it looks like we'll be doing this for the foreseeable future...
Additionally, I don't know how we're supposed to keep up with this absurd need for exponential growth without leaning hard on technology (at least if we presume we don't want to wreck the planet more.) I feel like big tech is actually doing something important with regard to growing the economy disproportionately with the physical resources they consume.