It is worth sacrificing some money and prosperity for an improvement in things that cannot be measured in money

As China struggles to overcome levels of air pollution that compare with the worst pea souper fogs and smogs of former industrial Britain, I conclude that there is no free lunch and that economic growth has its pitfalls and problems as well as its advantages.  

Not everything can be quantified in terms of monetary prosperity and we should bear in mind that things that are so quantified does not usually mean an increase in prosperity evenly distributed throughout the whole population. It usually means 80% of the increase in prosperity being distributed between the top 3% of the already wealthy people and the remaining 20% spread very thinly among the remaining 97% of the people.

Few politicians have the courage to say that it is worth sacrificing some money and prosperity for an improvement in things that cannot be measured in money. It is a shame that few politicians have this courage because the electorate is not as foolish or as unintelligent as the politicians imagine. The masses can perceive things with their instinct frequently more accurately than politicians can with all their intellect.

3 Responses

  1. Despite the 6.5% stock market rally over the last three months, a handful of billionaires are quietly dumping their American stocks . . . and fast.

    Warren Buffett, who has been a cheerleader for U.S. stocks for quite some time, is dumping shares at an alarming rate. He recently complained of “disappointing performance” in dyed-in-the-wool American companies like Johnson & Johnson, Procter & Gamble, and Kraft Foods.

    In 2006, Wiedemer and a team of economists accurately predicted the collapse of the U.S. housing market, equity markets, and consumer spending that almost sank the United States. They published their research in the book America’s Bubble Economy.

    It is a slow process towards the inevitable crash, are you ready for action Rob.

    • Another Jekyll Island moment, the next step towards the global protectionist Takedown.

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