
Why “Growing the Economy” Doesn’t Even Make Sense - mindstab
https://medium.com/@girlziplocked/why-growing-the-economy-doesn-t-even-make-sense-c2a3900d8403#.wxul8jcxb
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AnimalMuppet
The assertion is "growing the economy does not benefit the average person; the
rich take all the gains". Well, let's think about moving in the opposite
direction: "Shrinking the economy does not hurt the average person; the rich
will take all the damage".

When I put it that way, the statement seems (at least to me) much less
believable. So we have a statement about the shape of the productivity-vs-
personal-well-being graph that seems believable if we move one direction, but
seems unbelievable if we move the other direction. That makes me much more
skeptical of the whole idea.

I think it's more likely to be the case that we aren't recognizing all the
ways that productivity is enhancing the average person's well-being.

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bufordsharkley
This is sloppily argued, but it's essentially right about a lot of things.
(You can hear the same arguments, albeit made with much more clarity, 150
years ago in Henry George's "Progress and Poverty.")

