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The "endgame" boogeyman is just that; predictions of endless woes are common in a market economy, because it's scary because nobody is in control.
The health costs thread is a whole 'nother thread.
The species analogy is a great one, but think of it as evolution rather than extinction. A species may have many interesting traits, some of which are amazing and interesting, but the interesting traits may not be the ones that determine whether it lives or dies. We may well mourn the traits that are lost. But because the economic growth is a result of freedom and productivity, replacing tyranny and non-productivity, for every lost cultural note we are creating two new ones to replace it.
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