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>If you haven't noticed, advanced economies are experiencing secularly stagnating growth Is growth really what we should care about though? Would you prefer t
by 0xDEAFBEAD 3y ago
>If you haven't noticed, advanced economies are experiencing secularly stagnating growth
Is growth really what we should care about though? Would you prefer to live in a poor society that's growing rapidly, or a rich society that's stagnating? In terms of your quality of life (medical, food, housing, education, etc.) you're going to have a better time in the stagnant-but-rich society.
The American economy is actually doing super well right now btw: https://www.noahpinion.blog/p/great-news-about-american-wealth https://www.noahpinion.blog/p/great-news-about-american-weal...
- 2devnull 3y agoI’d much rather be in a poor but growing economy than a rich stagnating one. I’m very sure about that.
- 0xDEAFBEAD 3y agoWhy?
- throwaway4aday 3y agoOpportunity and poor, growing countries turn into rich countries within a human lifespan and then don't usually stagnate for another generation or two.
- eru 3y agoAll of today's rich countries had massive growth spurts behind them to get them there. Most of that growth isn't that long ago in time.