From 1965 to 2005, the world’s population grew a total of 94 percent (between one and two percent annually). Ideality and population multiplied together (the IP index, where population is percentage of the projected maximum of 7.13 billion) increased 86 percent.
Assuming our economy has generated ideality and population growth, we paid mostly for population growth plus something else. Gross World Product per unit of IP index grew from $482 billion to $1,053 billion or 118 percent over 40 years (about two percent per year).
If the principal product was IP index, the “something else” can be classified as waste.