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» babble   » walking the talk   » environmental justice   » Monbiot: Bring on the recession

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Author Topic: Monbiot: Bring on the recession
Agent 204
Babbler # 4668

posted 22 October 2008 06:01 AM      Profile for Agent 204   Author's Homepage     Send New Private Message      Edit/Delete Post  Reply With 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  |  IP: Logged
George Victor
Babbler # 14683

posted 22 October 2008 06:10 AM      Profile for George Victor        Edit/Delete Post  Reply With Quote 
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  |  IP: Logged

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