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Why does the economy need to grow? No growth = no bubbles = no busts. Don't see everyone's obsession with growth, growth, growth.
by AznHisoka 11y ago
Why does the economy need to grow? No growth = no bubbles = no busts. Don't see everyone's obsession with growth, growth, growth.
- khuey 11y agoEver if you adjust for purchasing power parity GDP per capita in China is a fourth of that of the US. It doesn't seem unreasonable to assume that they would like a higher standard of living.
- yxhuvud 11y agoGrowth leads to better quality of life over the long term. Yes, really.
- aminorex 11y agoExploding Gini infers a trilemma: Revolution, redistribution, or growth.