World-wide wealth in terms of "Real Capital" (plants in operation, actual known resources etc.) has been doubling every generation since economists started collecting statistics in the 18th Century.

Land and labor alone, and land, labor and capital together, can't produce new wealth if they are all organized by a fallacious idea, such as searching for oil where oil is not. The real source of wealth is correct ideas: workable ideas:
that is, negative entropy—Information.