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Growth includes technological advancement, including for example ... trying to cure cancer and Alzheimer’s. Am I correct in this? If so, please let’s stick wi

• dgb23 7y ago
  Innovation can positively influence growth. But the article, including references and papers, is not about reducing innovation. It is about the fallacy that economic growth (= increase in GDP), somehow magically solves all problems of society. This belief is mostly ideological and the implication is that the market should not be regulated, which would reduce growth and prosperity. The effects of this strategy include increased inequality, weak infrastructure/education and ecological exploitation with dire consequences. Innovation, which really advances society in sustainable ways, is often intrinsically or socially motivated, not financially and certainly not by a GDP increase, which benefits a tiny minority. Reducing inequality, improving education and increasing individual freedom within organizations seem to be much more sensible ways to fuel innovation in the long term, than just deregulating the market.