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I don't think that the current standard of living is ideal and I really hope it will improve a lot. But I don't see that improving the standard of living requir
by danbruc 12y ago
I don't think that the current standard of living is ideal and I really hope it will improve a lot. But I don't see that improving the standard of living requires economic growth, I think change will do.
- nhaehnle 12y agoThis is a common misconception about economic growth. Economic growth often means more physical stuff, but there is by no means a fixed link between the two. Higher quality products built out of the same amount of physical stuff have a higher price, for example, so if we somehow transitioned the economy in that direction, there would be economic growth - and a corresponding increase in the standard of living - without pushing environmental concerns, for example.