Understanding through Discussion


Welcome! You are not logged in. [ Login ]
EvC Forum active members: 83 (8942 total)
33 online now:
Chatting now:  Chat room empty
Newest Member: John Sullivan
Post Volume: Total: 863,493 Year: 18,529/19,786 Month: 949/1,705 Week: 201/518 Day: 25/50 Hour: 3/4


Thread  Details

Email This Thread
Newer Topic | Older Topic
  
Author Topic:   The economy needs a 3% GDP growth to function well
Minnemooseus
Member
Posts: 3763
From: Duluth, Minnesota, U.S. (West end of Lake Superior)
Joined: 11-11-2001
Member Rating: 3.4


(5)
Message 1 of 50 (813249)
06-25-2017 4:10 AM


I was listening (on National Public Radio, it might have been a BBC show) to an economist type person saying that the U.S. needs to grow the economy (GDP, apparently not the per capita version) at 3% for things to work well. Not at all an easy thing, and being that we have a baby boomers bulge entering into retirement, such would seem to require a massive increase in immigration to supply the needed workers.

Now, I can kind of see that keeping the GDP in proportion to the population as maybe being a good thing, but even now it seems like a big chunk of production is of things of dubious need.

More production requires more consumption, and we are already (largely) producing more that we have any real need to consume. Production/consumption has gone (for the population as a whole) from bare survival, to comfortable survival, to luxury survival, to "more crap than we know what to do with". Of course, such is most extreme for the 1%, and not happening for a lot of the 99%.

It seems to me that a capitalistic economy is a Ponzi or pyramid or something scheme, that is ultimately doomed to "the big crash".

I guess this topic kind of ties into Faith's Marxism topic.

A friend once said "There is a term for unrestrained/unlimited growth - It's cancer."

Moose

Added by edit (also in message 11):

I tracked down a transcript of the radio show I was listening to:

Is It Realistic? Trump Budget Relies On 3 Percent Economic Growth

Edited by Minnemooseus, : Added by edit...


Professor, geology, Whatsamatta U
Evolution - Changes in the environment, caused by the interactions of the components of the environment.

"Do not meddle in the affairs of cats, for they are subtle and will piss on your computer." - Bruce Graham

"The modern conservative is engaged in one of man's oldest exercises in moral philosophy; that is, the search for a superior moral justification for selfishness." - John Kenneth Galbraith

"Yesterday on Fox News, commentator Glenn Beck said that he believes President Obama is a racist. To be fair, every time you watch Glenn Beck, it does get a little easier to hate white people." - Conan O'Brien

"I know a little about a lot of things, and a lot about a few things, but I'm highly ignorant about everything." - Moose


Replies to this message:
 Message 2 by NosyNed, posted 06-25-2017 9:48 AM Minnemooseus has not yet responded
 Message 4 by Thugpreacha, posted 06-25-2017 12:05 PM Minnemooseus has not yet responded
 Message 5 by frako, posted 06-25-2017 12:21 PM Minnemooseus has not yet responded
 Message 11 by Minnemooseus, posted 06-26-2017 11:29 PM Minnemooseus has not yet responded

    
Minnemooseus
Member
Posts: 3763
From: Duluth, Minnesota, U.S. (West end of Lake Superior)
Joined: 11-11-2001
Member Rating: 3.4


Message 11 of 50 (813361)
06-26-2017 11:29 PM
Reply to: Message 1 by Minnemooseus
06-25-2017 4:10 AM


Radio show source of message 1
I tracked down a transcript of the radio show I was listening to:

Is It Realistic? Trump Budget Relies On 3 Percent Economic Growth

This topic also connects to one of my earlier topics (which I probably could well have used the message 1 content in had I been better organized):

Economic failure because of productivity increases / excessive productive capacity

Another topic I rediscovered in the process of looking for the above:

Keynesian Economics and Recession Counter-Measures

Moose


This message is a reply to:
 Message 1 by Minnemooseus, posted 06-25-2017 4:10 AM Minnemooseus has not yet responded

    
Minnemooseus
Member
Posts: 3763
From: Duluth, Minnesota, U.S. (West end of Lake Superior)
Joined: 11-11-2001
Member Rating: 3.4


(1)
Message 46 of 50 (848695)
02-13-2019 8:31 PM
Reply to: Message 18 by Taq
10-02-2017 11:22 AM


Re: A Universal Basic Income.
I'm not up to really getting into this discussion, but I just encountered some "food for thought".

Finland Gave People $640 A Month, No Strings Attached. Here’s What Happened.

Bare link - Guilty - Sorry.

Moose


This message is a reply to:
 Message 18 by Taq, posted 10-02-2017 11:22 AM Taq has not yet responded

Replies to this message:
 Message 47 by Tangle, posted 02-14-2019 3:28 AM Minnemooseus has not yet responded

    
Newer Topic | Older Topic
Jump to:


Copyright 2001-2018 by EvC Forum, All Rights Reserved

™ Version 4.0 Beta
Innovative software from Qwixotic © 2019