{"id":22818,"date":"2017-02-18T19:05:36","date_gmt":"2017-02-19T00:05:36","guid":{"rendered":"http:\/\/olduvai.ca\/?p=22818"},"modified":"2017-02-18T19:05:36","modified_gmt":"2017-02-19T00:05:36","slug":"not-nearly-enough-growth-to-keep-growing","status":"publish","type":"post","link":"https:\/\/olduvai.ca\/?p=22818","title":{"rendered":"Not Nearly Enough Growth To Keep Growing"},"content":{"rendered":"
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Not Nearly Enough Growth To Keep Growing<\/a><\/h3>\n<\/div>\n<\/header>\n

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\nJackson Pollock\u00a0Shooting Star\u00a0<\/b>1947<\/div>\n

It\u2019s amusing to see how views start to converge, at the same time that it\u2019s tiresome to see how long that takes. It\u2019s a good thing that more and more people \u2018discover\u2019 how and why austerity, especially in Europe, is such a losing and damaging strategy. It\u2019s just a shame that this happens only after the horses have left the barn and the cows have come home, been fed, bathed, put on lipstick and gone back out to pasture again. Along the same lines, it\u2019s beneficial that the recognition that for a long time economic growth has not been what \u2018we\u2019 think it should be, is spreading.<\/p>\n

But we lost so much time that we could have used to adapt to the consequences. The stronger parties in all this, the governments, companies, richer individuals, may be wrong, but they have no reason to correct their wrongs: the system appears to work fine for them. They actually make good money because all corrections, all policies and all efforts to hide the negative effects of the gross \u2018mistakes\u2019, honest or not, made in economic and political circles are geared towards making them \u2018whole\u2019.<\/p>\n

The faith in the absurd notion of trickle down \u2018economics\u2019 allows them to siphon off future resources from the lower rungs of society, towards themselves in the present. It will take a while for the lower rungs to figure this out. The St. Louis Fed laid it out so clearly this week that I wrote to Nicole saying\u00a0\u2018We\u2019ve been vindicated by the Fed itself.\u2019<\/i>\u00a0That is, the Automatic Earth has said for many years that the peak of our wealth was sometime in the 1970\u2019s or even late 1960\u2019s.<\/p>\n

…click on the above link to read the rest of the article…<\/p>\n<\/div>\n<\/div>\n","protected":false},"excerpt":{"rendered":"

Not Nearly Enough Growth To Keep Growing   Jackson Pollock\u00a0Shooting Star\u00a01947 It\u2019s amusing to see how views start to converge, at the same time that it\u2019s tiresome to see how long that takes. It\u2019s a good thing that more and more people \u2018discover\u2019 how and why austerity, especially in Europe, is such a losing and […]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_monsterinsights_skip_tracking":false,"_monsterinsights_sitenote_active":false,"_monsterinsights_sitenote_note":"","_monsterinsights_sitenote_category":0,"footnotes":""},"categories":[2],"tags":[40,2674,5582,130,195,263,277,391,14823,13924,10522],"class_list":["post-22818","post","type-post","status-publish","format-standard","hentry","category-economics","tag-austerity","tag-automatic-earth","tag-brexit","tag-china","tag-debt","tag-energy","tag-eroei","tag-growth","tag-protectionism","tag-raul-ilargi-meijer","tag-trump"],"_links":{"self":[{"href":"https:\/\/olduvai.ca\/index.php?rest_route=\/wp\/v2\/posts\/22818","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/olduvai.ca\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/olduvai.ca\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/olduvai.ca\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/olduvai.ca\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=22818"}],"version-history":[{"count":1,"href":"https:\/\/olduvai.ca\/index.php?rest_route=\/wp\/v2\/posts\/22818\/revisions"}],"predecessor-version":[{"id":22819,"href":"https:\/\/olduvai.ca\/index.php?rest_route=\/wp\/v2\/posts\/22818\/revisions\/22819"}],"wp:attachment":[{"href":"https:\/\/olduvai.ca\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=22818"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/olduvai.ca\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=22818"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/olduvai.ca\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=22818"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}