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I think the controversy here lies in assuming that "the economy" == society and that, therefore, anything that is "bad for the economy" is also bad for society.
by anemoiac 5y ago
I think the controversy here lies in assuming that "the economy" == society and that, therefore, anything that is "bad for the economy" is also bad for society.
I'm not claiming this is your perspective, but the quote provided by the comment you responded to seems to suggest it is the article's.
- missedthecue 5y agoAnything bad for the economy makes society poorer on net, which is why line going up is seen as good, while line going down is seen as bad.
- anemoiac 5y agoOf course, but that’s a simplistic perspective. Economics textbooks may presume that growth is always good, but growth must be balanced with its social and environmental impacts in the real world.