[svara]

An important point to think about, but ultimately wrong I think.

The reason that the software industry is so valuable today is not just that it's innovative, it's also that it can grow in a way that isn't strongly constrained by material.

The material required to provide one dollar of value in digital goods or services is very little.

This leads to a virtuous circle, since business unconstrained by material attracts more capital.

Basically, we can shift the physical economy to a circular cradle-to-cradle economy, and then continue getting growth from digital goods and services.

Note that this does not simply mean we'll all be living in VR - digital goods and services are growing across all industries.

For example, back in the day, drugs were discovered by massive wet lab experimentation programs. Today, increasingly components of a drug discovery program can be done in silico.