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I have very little understanding about economics but I always am scared of large GDP growth because it seems like that is when we go into recession due to bubbl

by baldfat 11y ago

I have very little understanding about economics but I always am scared of large GDP growth because it seems like that is when we go into recession due to bubbles. 1980s led to the recession of the early 1990s. The mid 1990s growth became the 2007-2009 "Great Recession." So this shows growth and it is steady so I don't find this depressing. edited one word

drjesusphd 11y ago
The problem is that slow, steady growth cannot support capitalism. In order to convince investors to risk their money, the economy must promise a more handsome return on their investment. That's why it's "bad news" when the economy "only" grows by 1-2% per year.
- coldtea 11y ago
  >The problem is that slow, steady growth cannot support capitalism. That sounds more like a solution.
- brbrodude 11y ago
  The gods are unhappy with us :c With should have some offerings process going so the money rains again..
- baldfat 11y ago
  The chart shows 3% to 3.5%.
- saiya-jin 11y ago
  so we don't support that much casino-style gaming with prospects of billions... not that depressing outlook. mankind will survive and adapt to much worse things than only 1-2% growth. Show some child abuse/slavery/deaths-by-US-bombs/born-with-cancer-or-hiv graphs, that's way more depressing than this pathetic... something
- rorykoehler 11y ago
  I know it's extremely unpopular with a segment of the economic/political philosophy fundamentalists but maybe it's time to accept that capitalism is flawed and not a cure all solution. Just because something worked under a certain set of conditions doesn't mean it will work well if at all under another set of conditions. Our conditions are clearly changing and we should adapt accordingly.
YeGoblynQueenne 11y ago
> edited one word Dammit. Now I want to know what word that was and how many instances of it did you change. :(
- baldfat 11y ago
  I was stupid and read article on ecology and this. EDIT was: ecology -> economics
  - YeGoblynQueenne 11y ago
    Thanks! And sorry :)

by baldfat 11y ago

drjesusphd 11y ago

The problem is that slow, steady growth cannot support capitalism. In order to convince investors to risk their money, the economy must promise a more handsome return on their investment. That's why it's "bad news" when the economy "only" grows by 1-2% per year.

coldtea 11y ago
>The problem is that slow, steady growth cannot support capitalism. That sounds more like a solution.
brbrodude 11y ago
The gods are unhappy with us :c With should have some offerings process going so the money rains again..
baldfat 11y ago
The chart shows 3% to 3.5%.
saiya-jin 11y ago
so we don't support that much casino-style gaming with prospects of billions... not that depressing outlook. mankind will survive and adapt to much worse things than only 1-2% growth. Show some child abuse/slavery/deaths-by-US-bombs/born-with-cancer-or-hiv graphs, that's way more depressing than this pathetic... something
rorykoehler 11y ago
I know it's extremely unpopular with a segment of the economic/political philosophy fundamentalists but maybe it's time to accept that capitalism is flawed and not a cure all solution. Just because something worked under a certain set of conditions doesn't mean it will work well if at all under another set of conditions. Our conditions are clearly changing and we should adapt accordingly.

YeGoblynQueenne 11y ago

> edited one word Dammit. Now I want to know what word that was and how many instances of it did you change. :(

baldfat 11y ago
I was stupid and read article on ecology and this. EDIT was: ecology -> economics
- YeGoblynQueenne 11y ago
  Thanks! And sorry :)