4 ms·
I guess the fear is if we don’t work hard, a country will regress. We certainly have many examples of countries around the world that have very low productivity
by huytersd 3y ago
I guess the fear is if we don’t work hard, a country will regress. We certainly have many examples of countries around the world that have very low productivity and corresponding widespread hunger, sickness, violence and crime etc. It’s a hard balance to maintain, between being productive and recreation, but some European countries are able to tentatively pull it off (atleast for now when the long tail of colonialism or oil wealth is still bringing in enough money).
- WorldMaker 3y agoThat sounds like a correlation/causation mixup to me. The way economists define "productivity" is in part based on the growth of wealth. Poor countries are not poor because they have low productivity: they have low productivity because they are poor.