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1% growth is completely irrelevant. That's what I said: effectively in recession. The difference between 1% growth and 1% shrink is nothing. There's no reason
by alphaalpha101 9y ago
1% growth is completely irrelevant. That's what I said: effectively in recession. The difference between 1% growth and 1% shrink is nothing.
There's no reason we shouldn't be growing much more quickly. But we're not going to do so in a neoliberal world. That's just not going to happen. Draining the wealth of society to a small group of people that spend little money just doesn't drive growth.
People can't spend and drive the economy when they're dirt poor.
- matt4077 9y agoGrowth in 2016 was 4%, not 1% and not -1%: https://www.google.com/publicdata/explore?ds=d5bncppjof8f9_&ctype=l&strail=false&bcs=d&nselm=h&met_y=ny_gdp_pcap_cd&scale_y=lin&ind_y=false&rdim=region&idim=country:USA:AUS:NZL&ifdim=region&hl=en&dl=en&ind=false&icfg#!ctype=l&strail=false&bcs=d&nselm=h&met_y=ny_gdp_mktp_kd_zg&scale_y=lin&ind_y=false&rdim=region&idim=country:USA:AUS:NZL&ifdim=region&hl=en_US&dl=en&ind=false https://www.google.com/publicdata/explore?ds=d5bncppjof8f9_&... It seems like NZ is growing at a pace of around 3%p.a. You're free to argue that there's some fantastic economic system that only you know, but most people will rightfully be sceptical of such claims unless you have a few examples of countries at NZ's high level of development growing at a much higher pace. Other than that I've lost track of what were arguing. It appears as if you just start making completely unrelated arguments when you're proven wrong.
- alphaalpha101 9y ago>Growth in 2016 was 4%, not 1% and not -1%: https://www.google.com/publicdata/explore?ds=d5bncppjof8f9_&.. https://www.google.com/publicdata/explore?ds=d5bncppjof8f9_&.... No it was not. Not per-capita. Growth ignoring population changes is literally completely irrelevant. It has never been relevant. >It seems like NZ is growing at a pace of around 3%p.a. You're free to argue that there's some fantastic economic system that only you know, but most people will rightfully be sceptical of such claims unless you have a few examples of countries at NZ's high level of development growing at a much higher pace. NZ before the horrific and inhumane neoliberal reforms of the 1980s ruined this beautiful country was growing at a much faster rate that it has ever grown since. >Other than that I've lost track of what were arguing. It appears as if you just start making completely unrelated arguments when you're proven wrong. Lol