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Economic growth: is it worth having? : Comments
By Don Aitkin, published 22/11/2012Despite the Club of Rome we've never been better-off and better-fed than we are now.
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Really!?
Back in 1973, two and a half times the average family income would buy a house on a traditional quarter acre!
Now its somewhere north of seven times; or, roughly triple!
And the quarter acre, 1,000m, has shrunk to around 600m.
Back in the late fifties/early sixties, we were the third most prosperous nation on earth and a creditor one at that.
Just prior to the GFC, we had tumbled to around number thirty, with record growing foreign debt, already well over a trillion?
The gap between the haves and the have nots, has never ever been wider, with well over 40% living below or just above the poverty line; and, its a demographic that appears to be growing exponentially?
The "we", as alluded to, appears to be a still shrinking, self serving, selfish, I'm all right jack, demographic?
Like baby Boomers, with two or more investment houses, paid for by tenants and negative gearing, {or middle class welfare,] and set up for a lazy lay about retirement, living in a gated community; or, a very high class prison of their own making?
If we put our baby boomer blinkers on, well may we claim, we have never been better off, or better fed!
[And adopting the advice of the club of Rome, has already been trialled in places like drought and famine ravaged Ethiopia!]
It must be like living in a bubble ,surely?
And the Greeks, the Spanish, the Irish and the disfranchised Yanks etc/etc, all now know what happens to bubbles!
Rhrosty.