quote:If you are of a sensitive disposition, I advise you to turn the page now. I am about to break the last of the universal taboos. I hope that the recession now being forecast by some economists materialises.
I recognise that recession causes hardship. Like everyone I am aware that it would cause some people to lose their jobs and homes. I do not dismiss these impacts or the harm they inflict, though I would argue that they are the avoidable results of an economy designed to maximise growth rather than welfare. What I would like you to recognise is something much less discussed: that, beyond a certain point, hardship is also caused by economic growth.
From here. Is he right, or will the economic crisis do more harm than good, as suggested here?
From: home of the Guess Who | Registered: Nov 2003
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Babbler # 14683
posted 22 October 2008 06:10 AM
Wonderful question, and I can see it being endlessly discussed among the politicians weighing their chances among the ranks of the newly unemployed.
But I don't expect conclusions to be reached, because climatic conditiions are not yet bad enough to bring people to honestly discuss real alternatives, like mobilizing around a wartime-like command economy. At least, such thoughts get short shrift around here, so I expect they would not last a nanosecond out there in the realm of the great unread.
From: Cambridge, ON | Registered: Oct 2007
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