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The word "growth" is confusing people. In this context it doesn't mean more stuff or more money. Instead it could mean higher efficiency, cheaper solar panels
by jedharris 12y ago
The word "growth" is confusing people. In this context it doesn't mean more stuff or more money. Instead it could mean higher efficiency, cheaper solar panels so we'd use less fossil fuel; better, cheaper education so more young people could achieve bigger dreams; better, cheaper medical care so we could cure chronic disease and prevent premature death; improved manufacturing that uses less resources; and so forth.
Technically we're talking about improved "total factor productivity" not more GDP or "things". We get more GDP or things if that is how we spend our improved productivity.