The big story of our times is Great Convergence - formerly dirt-poor 90% of human population rapidly increases their wealth, health, political freedoms etc. This is accompanied by stagnation in the formerly super-wealthy 10% of human population (and there are some models claiming to explain why these two processes are linked).
Technology progresses extremely rapidly, rich world stagnation simply means rich countries are further behind technological frontier than they used to be. That's all.
The world on average is progressing extremely rapidly. Average lag behind technological frontier is diminishing rapidly. What's the point in throwing ridiculous amount of money on saving one life of old person in wealthy country, if you can make hundreds of undercapitalized people in poor countries productive for the same price? There's no logic in doing so, so it is not done.
It will take only 100-150 years for Great Convergence to complete. By simple extrapolation adoption of new technologies should accelerate sometime before it happens.
What's the point in throwing ridiculous amount of money on saving one life of old person in wealthy country, if you can make hundreds of undercapitalized people in poor countries productive for the same price?
This story would be more plausible as an explanation of slow medical progress if there hadn't been big increases in medical R&D spending and employment (on first-world diseases) over the last 40 years, and massive growth in overall medical spending relative to GDP. It doesn't explain the declining rate of drugs developed per dollar invested in pharma R&D, or the broader failure to translate research spending to health gains.
In the February and March 1988 issues of Cryonics, Mike Darwin (Wikipedia/LessWrong) and Steve Harris published a two-part article “The Future of Medicine” attempting to forecast the medical state of the art for 2008. Darwin has republished it on the New_Cryonet email list.
Darwin is a pretty savvy forecaster (who you will remember correctly predicting in 1981 in “The High Cost of Cryonics”/part 2 ALCOR’s recent troubles with grandfathering), so given my standing interests in tracking predictions, I read it with great interest; but they still blew most of them, and not the ones we would prefer them to’ve.
The full essay is ~10k words, so I will excerpt roughly half of it below; feel free to skip to the reactions section and other links.
1 The Future of Medicine
1.1 Part 1
1.1.1 Diagnostics
A side-note: genetic associations have been a very fertile field for John Ioannidis, and a big study just blew away a bunch of SNP-IQ correlations.
I recently learned that, besides the usual blame for increasing medical costs, some categories of doctors have been strenuously urged to reduce MRI use as actively harmful.
1.1.2 Resuscitation
1.1.3 Antibiotics
The pharmaceutical industry and antibiotics have been a case-study in stagnation, failure, and diminishing marginal returns. There is only one, highly experimental, anti-viral that I have heard of. In a followup email, Darwin responded to someone else pointing out DRACO:
(This agrees with my own general impressions, which I didn't feel competent to baldly state.)
1.1.4 Immunology and cancer
1.1.5 Atherosclerosis
1.2 Part 2
1.2.1 Anesthesia
1.2.2 Surgery
1.2.3 Geriatrics
We all know how well this has worked out. More troubling is that in some respects, we appear further from any solutions or treatments than before; while resveratrol did well in a recent human trial, the sirtuin research that seemed so promising has been battered by null results and failures to replicate. And anti-aging drugs have their own methodological difficulties; from the followup email:
1.2.4 Psychiatry & Behavior
From the previously quoted followup email:
1.2.5 Implants & Prosthetics
1.2.6 Hemodialysis
1.2.7 Organ Preservation
1.2.8 Other Approaches to Organ Preservation
1.2.9 Genetic therapy
1.2.10 Prevention
1.2.11 The Downside
And on to the economics:
2 Reactions
On reading all the foregoing, I commented: that was a depressing read. As far as I can tell, they were dead on about the dismal economics, somewhat right about the diagnostics, and fairly wrong about everything else. Which is better than the old predictions listed, only one of which struck me as obviously right (but in a useless way, who actually uses perfluorocarbons for liquid breathing?).
To which Darwin said:
See also Fight Aging!’s post, “Overestimating the Near Future”:
Darwin comments there:
3 Further reading
Previous Darwin-related posts:
See also Tyler Cowen's The Great Stagnation and “Peter Thiel warns of upcoming (and current) stagnation”.