For short term growth, sure. But they’re absolutely necessary for sustainable long term growth. Sometimes new technology improves productivity in an industry,

For short term growth, sure. But they’re absolutely necessary for sustainable long term growth. Sometimes new technology improves productivity in an industry, allowing the same amount of work to be done with less labor and resources. Sometimes consumer desires shift and industry has to adapt by reducing the size of their workforce or by cutting costs. Recessions are what you get when the economy reorganizes itself into stronger, more sustainable patterns of specialization and trade. Preventing that adjustment from occurring prevents future growth from happening.