Re:"RIP Good Times": Silicon Valley's Cuban Missile Crisis
by roc on Thursday June 07, 2012 @08:33PM
(#4082056)
Sacrificing economic growth compounds the problem of current debt.
What the actions of world leaders have effectively said -- loud, clear, underlined and bolded -- is that the protection of existing wealth is of paramount importance and the generation of new wealth is secondary-to-incidental.
That said, one needs to know the breadth and depth of the impact of famine vs a typhoon to know which would be worse.
4 decades of famine that negatively affects half the population may be the lesser evil compared to 1 typhoon that outright destroys half the population and thus future economic potential.
What the actions of world leaders have effectively said -- loud, clear, underlined and bolded -- is that the protection of existing wealth is of paramount importance and the generation of new wealth is secondary-to-incidental.
That said, one needs to know the breadth and depth of the impact of famine vs a typhoon to know which would be worse.
4 decades of famine that negatively affects half the population may be the lesser evil compared to 1 typhoon that outright destroys half the population and thus future economic potential.