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Sacrificing economic growth compounds the problem of current debt. What the actions of world leaders have effectively said -- loud, clear, underlined and bolde
by roc 14y ago
Sacrificing economic growth compounds the problem of current debt.
What the actions of world leaders have effectively said -- loud, clear, underlined and bolded -- is that the protection of existing wealth is of paramount importance and the generation of new wealth is secondary-to-incidental.
That said, one needs to know the breadth and depth of the impact of famine vs a typhoon to know which would be worse.
4 decades of famine that negatively affects half the population may be the lesser evil compared to 1 typhoon that outright destroys half the population and thus future economic potential.