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Economic Growth is Not a Sacred Cow
Out-Pacing Google…
I remember when I first got google maps on my phone, I would use it to navigate when I went on trips, especially when I was on foot in places like London or other cities I visited.
I found myself trying to ‘beat the map’. If google reported a certain destination as 27 minutes away, I would get a small buzz of pleasure from arriving in 26 minutes. I know, a small dopamine hit, but it was fun.
Until, at some point, I realised that the way the app worked was that the time was constantly adapting to my walking speed. Of course, I knew this, but at some point it became laughable that I was even thinking I could out-walk myself-of course, that’s impossible-at least, not in a way was fun-and so, just like that, the game was over.
…is Like Chasing Economic Growth
Hubby and I were speculating yesterday, in the wake of a new forecast of a 25% post-covid drop in economic output, about the unreliability of forecasts, how growth happens and why is it that we chase an always increasing level of output. Why is it bad if we don’t get ‘back on track’ and what is it that we’’re chasing anyway?
Of course the economy is not exactly like the human form walking the streets of London. And, in some ways, it is. If I’ve agreed to…
