Home > Uncategorized > Global economic growth in the Post World War II Era and Post COVID-19 Recovery

Global economic growth in the Post World War II Era and Post COVID-19 Recovery

source: konema

  1. Ikonoclast
    May 10, 2020 at 9:26 pm

    A rapid V-shaped recovery? Who believes in that? I certainly don’t. The COVID-19 crisis is the beginning of the “Long Collapse”. Anyone who does not realize this does not understand the limits to growth in a finite system (the biosphere system).

    I also think people have lost hope. Comments here are way down. The new average appears to be 3 comments per post. People have lost hope because they assess rationally and logically there is no hope now. Collapse is inevitable and it will be terrible. Deep down people know this.

  2. ghholtham
    May 11, 2020 at 4:03 pm

    Comments are down because the blog has become repetitive. A limited number of contributors keep pointing out what’s wrong with one prominent school of economics while others report on developments in the real world, usually the United States, which are accessible elsewhere. People are not coming forward with a range of thought-through new ideas which can then be discussed. The number of regular commentators has dwindled so the comments are nearly as predictable as the posts themselves.

    Why not get some guest contributors to contribute with new theories or observations that are not simply critiques? We need a bit of uplift.

    • Meta Capitalism
      May 11, 2020 at 4:41 pm

      I think you are repeating yourself Gerald, such irony.

  3. Ron Goldring
    May 11, 2020 at 5:49 pm

    I agree with the criticism. Imho it’s time for other ideas, beyond criticizing mainstream economics. One such huge idea is putting values on the stage. Let the government budget book begin with the line: “This budget was prepared under the premise that a saving a human life is worth xxx dollars” (xxx must be discussed by the legislators and set an agreed value). This, of course has consequences. If a million people are to be saved, then 1000000xxx dollars are to be allotted).
    Then what about societal insurance? Getting ready for disease? climatic disasters?
    What about the need to measure or valuate value? What about democratizing valuation?
    By the way, the word “Economy” comes from Greek, oikonomia, meaning household management. How far have we strayed from that, and what is needed to really manage our household?

  4. ghholtham
    May 13, 2020 at 8:10 pm

    You are right Meta. I shall shut up.

    • Meta Capitalism
      May 13, 2020 at 10:34 pm

      I repeat myself too sometime Gerald. Don’t be to hard on yourself. We all live in a state of irony to one degree or another ;-)

    • Meta Capitalism
      May 13, 2020 at 10:55 pm

      You made some real good suggestions Gerald:

      Why not get some guest contributors to contribute with new theories or observations that are not simply critiques? We need a bit of uplift.

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