2016 Postmortem
In reply to the discussion: Sanders is willing to sacrifice growth for the sake of redistribution. [View all]Armstead
(47,803 posts)"Where weve got to move is not growth for the sake of growth, but weve got to move to a society that provides a high quality of life for all of our people. In other words, if people have health care as a right, as do the people of every other major country, then theres less worry about growth. If people have educational opportunity and their kids can go to college and they have child care, then theres less worry about growth for the sake of growth.
That's not saying NO growth. It's saying what kind of growth do we want, and what do we want to be driving growth?
Pure productivity gains, simple numerical profitability in return of investment to owners at the expense of the standard of living is not healthy growth.
Nor is growth based ONLY on economic factors. There are other ways of measuring true profitability and economic viability out there, that also factor in sustainability and quality of life. (I haven;t time to look them up now, but they do exist.)