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Showing posts with the label Steady-state

(07a) My Answers to Questions about what is the ideal economy (in the near future).

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During this crisis, many in power always talk about the need for a growing economy to end this crisis (such as the need for ever higher house prices). Here I will try to discuss why growth is not a necessity to have a healthy economy and a happy society. Maybe on the contrary. For instance, when every country on this planet has developed to the level of the West, how can the West then continue to be "better" than the rest (certainly when at the same time people in the West are losing what they saved and thus move in the direction of lesser-developed countries)? Most of what I write below is so obvious people reading this may wonder why they waste their time; still we forgot to implement them in life. Question : How does the ideal economy looks like in a graph (according me)? Answer : After a p eriod of almost continuous growth that accelerated over the past decades, in 2007-2008 this growth came to an abrupt end when the economic and financial crisis start...