| Title: | Soapbox. Just Soapbox. |
| Notice: | No more new notes |
| Moderator: | WAHOO::LEVESQUE ONS |
| Created: | Thu Nov 17 1994 |
| Last Modified: | Fri Jun 06 1997 |
| Last Successful Update: | Fri Jun 06 1997 |
| Number of topics: | 862 |
| Total number of notes: | 339684 |
Is the dream of a worldwide economic growth obtainable
or is it just a fake, where x% overall growth are counterbalanced
by x% overall inflation ?
If it's not obtainable, will the biggies continue to grow and let the
smallies pay for it or will we see a change, with an increasing
frequency of regressions in the rich countries ?
Is the idea of constant economic growth desireable, is it desireable
under the assumption that the gap between rich and poor will widen ?
Discuss.
| T.R | Title | User | Personal Name | Date | Lines |
|---|---|---|---|---|---|
| 98.1 | HBFDT1::SCHARNBERG | Senior Kodierwurst | Thu Nov 24 1994 07:42 | 13 | |
It must be a fake. I can't figure how a worldwide economic growth would
work.
It would be a worldwide increase in GDP. More products and/or more
services - or to be more precise: More trading power, this includes
goods and services. But somebody has to pay for it. This means: More
money. Inflation, sooner or later, because one day you'll have spent
your savings and reserves.
Where's the fallacy ?
Heiko
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| 98.2 | BOXORN::HAYS | I think we are toast. Remember the jam? | Mon Nov 28 1994 06:18 | 1 | |
Economics is not zero sum. | |||||
| 98.3 | Crystal ball up and running... | GAAS::BRAUCHER | Mon Nov 28 1994 11:11 | 8 | |
Not worldwide. But some Pacific countries will be spectacular.
The Twenty-First Century will be The Century of China.
USA will be also-rans.
bb
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| 98.4 | CALDEC::RAH | the truth is out there. | Mon Nov 28 1994 11:13 | 3 | |
if they keep breaking contracts I can't see how China could
possibly become great.
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| 98.5 | ODIXIE::CIAROCHI | One Less Dog | Tue Nov 29 1994 13:34 | 9 | |
I believe that *theoretically* at least there can be worldwide economic
growth, based on the fact that people can take raw material and MAKE
things from them, thereby adding value where once there was none.
However, when you factor in human nature in its infinite variations, I
don't think there's a snowballs chance in hell.
FWIW,
Mike
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