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Economic growth is overrated when it only goes to 1% of people.
by kevmo 8y ago
Economic growth is overrated when it only goes to 1% of people.
- najarvg 8y agoHidden in a lot of these economic growth arguments is an unstated assumption of the effectiveness of trickle-down economics which itself has been shown to be ineffective many times (see - https://www.thebalance.com/trickle-down-economics-theory-effect-does-it-work-3305572 https://www.thebalance.com/trickle-down-economics-theory-eff...)
- ryanwaggoner 8y agoAnd hidden in a lot of these anti-economic growth arguments is an unstated assumption of the effectiveness of planned economies, which itself has been shown to be ineffective many times :)
- ionised 8y agoAre those the only two options you can see? Trickle-down economics or communism?
- ryanwaggoner 8y agoPlanned economies need not be communist, and no, but I was attempting (probably poorly) to draw attention to the ridiculousness of the argument that being pro-economic growth requires believing in trickle down economics.