News for hackers. Stuff that matters.

A comment on IMF predicts worst downturn since Great Depression. Parent comment

Re:IMF predicts worst downturn since Great Depression by TheOtherHobbes on Wednesday April 15, 2020 @09:43AM (#22877580)
Growth is only good for the poor when it's evenly distributed, which it mostly isn't, and when it doesn't have negative impacts on personal health and the environment, which it mostly does.

Most "growth" is really just stripping the house and burning it down to make a fire - while a small number of people get most of the benefit.

[ Parent | on HN ]
Re:IMF predicts worst downturn since Great Depression by mojuba on Wednesday April 15, 2020 @10:43AM (#22878288)
Not true, no. We all become more productive over time, then we develop even more productivity tools etc. That's real growth. There's of course the inflated component in it which gets corrected regularly.
[ Parent | on HN ]