Growth, or a Lack Of It

 

 

 

 

 

 

 

 

Presumably, then, to many of those who’ve commented on yesterday’s post and to NEF and others, today’s confirmation of UK 2010 Q4 economic contraction is good news (the graph is from ONS data).

Even if we ignore the facts of the matter, the politics of arguing against growth when there isn’t any are Canute-like.

Advertisements

1 Comment

Filed under Uncategorized

One response to “Growth, or a Lack Of It

  1. The debate about whether we can achieve sustainability within the current growth paradigm is complicated but I would suggest that there is a big difference in ‘no growth’ in an economy that is built around the need for growth, and rethinking the economy more fundamentally so that it’s ‘success’ is not predicated on economic growth. Clearly the former is a bad thing in terms of the impacts that it has on people’s lives. That does nor mean that ‘no growth’ in the latter is also necessarily negative.

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s