Friday, September 21, 2012

A Response to Temerity at the Top

Regarding a post from David Brooks:

Economic growth is treated as an unquestioned good, when in fact, it has almost no correlation with human welfare in DEVELOPED countries. It is different for the DEVELOPING world, since in those growth has a very high degree of interplay with human welfare.


Growth basically goes to support the portfolios of the wealthy, correlates with an increase in hours worked on the average, and has very little benefit to most people in the US.

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