The world has never been here before. Human standards of living are at their all time highs, and have been going up almost continuously for hundreds of years in many parts of the world. Just in the last 30 years, over a billion people have been lifted out of extreme poverty (defined as living on less than $1 per day). We have a real chance to even colonize parts of our solar system in the next 100 years or so, bringing the torch of life off-planet for the first time ever, taking our first step of expanding to the infinite.
This illustrates the article quite well...
https://www.bloomberg.com/news/articles/2022-11-28/vw-warns-soaring-eu-energy-costs-render-battery-plants-unviable?mc_cid=ac5db6dc2f&mc_eid=507359dcc2