Why Might Economic Growth Not Always Be A Good Thing?

Why economic growth is not necessarily a good thing. When a country challenges economic growth, it does so for a variety of reasons, but the most important of these is to satisfy that population. At the end of World War II, Korea wanted economic growth to evade its main agricultural lifestyle and experience all the benefits of consumerism. On the contrary, what South Korea and many other developing countries have discovered is far from their ideals of their dreams.

- They all believe in infinite economic growth and neo - liberalism. They not only believe it, they do not see the possible choices. Strange idea that economic growth always monopolizes discourse on economic news, as both liberal and conservatives are convinced. In other words, even if neo-liberalism destroys the entire economy, risking the lives of hundreds of millions of people and kidnapping / killing critics abundantly in many countries, they can not criticize neo-liberalism can not. Domestic opposition to neo - liberal policies (without any clear alternative) does not bother pressure on innocent people elsewhere.

Good economic news is not necessarily good for everyone. On February 2, it turned out that the hourly average hourly wage increased by 9%. This is the fastest rise rate since 2009, the end of the economic downturn. Stocks plummeted globally (see the article). Investors are concerned that inflation may rise and the Fed has been forced to further raise interest rates and accelerate expectations. However, whether tension is reasonable or not depends on how extraordinary experiments in economic policy work. When the unemployment rate is at a historically low level, the US is ready to stimulate the already strongly growing economy.

However, suppression of unemployment is not necessarily a good thing. For example, unemployment is directly related to economic growth, so if you manage unemployment you are also managing economic growth. When the economic growth rate is growing at a constant rate without being controlled by the government, it is not a good thing that the economy is in the most effective state.

Growth is often considered a good thing; it is related to life itself. However, economic growth is very different. It actually destroys the conditions necessary for living on the planet at an amazing rate. Promoting the extraction, production and disposal of economic growth will result in significant losses to the environment. On a planet with limited resources, we can extract and produce it only before all unreproducible resources are exhausted. "Sustainable economic growth" is being advertised as a compromise between environmental protection and the continuation of economic growth. Of course, sustainable growth is not only contradictory, it can also be dangerously misleading.