Monbiot: Bring on the recession
Wed, 2008-10-22 06:01
#1
Agent 204
Monbiot: Bring on the recession
Wed, 2008-10-22 06:01
#2
Agent 204
quote:
If you are of a sensitive disposition, I advise you to turn the page now. I am about to break the last of the universal taboos. I hope that the recession now being forecast by some economists materialises.I recognise that recession causes hardship. Like everyone I am aware that it would cause some people to lose their jobs and homes. I do not dismiss these impacts or the harm they inflict, though I would argue that they are the avoidable results of an economy designed to maximise growth rather than welfare. What I would like you to recognise is something much less discussed: that, beyond a certain point, hardship is also caused by economic growth.
From [url=http://www.monbiot.com/archives/2007/10/09/bring-on-the-recession/]here[.... Is he right, or will the economic crisis do more harm than good, as suggested [url=http://www.cbc.ca/money/story/2008/10/10/f-forbes-green-energy.html]here...?
Wed, 2008-10-22 06:10
#3
Wonderful question, and I can see it being endlessly discussed among the politicians weighing their chances among the ranks of the newly unemployed.
But I don't expect conclusions to be reached, because climatic conditiions are not yet bad enough to bring people to honestly discuss real alternatives, like mobilizing around a wartime-like command economy. At least, such thoughts get short shrift around here, so I expect they would not last a nanosecond out there in the realm of the great unread. [img]smile.gif" border="0[/img]