It hurts so good?

It hurts so good?Is austerity the solution? Or is it the problem? Should we be looking to stimulate growth as well? Or instead? By now, as one political mantra drowns out another, it’s clear that governments are whistling in the wind when it comes to resolving the world’s economic problems.

It worries me that they might not even be addressing the right question. What if the economy has become so globalised that it is actually beyond the control of national governments? What if conventional monetary strategies no longer apply?

For some time now, jobs in the more advanced economies have been lost to the technological revolution and cheap competition from the growing economies in China, India and Southeast Asia. Western governments have responded with unaffordable borrowing and wasteful spending leading to massive deficits. The prosperity we enjoyed was in fact a debt-fuelled illusion.

There’s an assumption that every country’s GDP should keep growing. But what if the growth has become cancerous and is threatening the survival of the entire global economy? We might just need a brand new paradigm for the 21st century.

About thespeedofdark

David Winship has written an unauthorised autobiography and several critically disdained literary tomes. His work is frequently compared with Steinbeck, Orwell and Hemingway, but unfortunately Mike Steinbeck, Daisy Orwell and Howard Hemingway were all terrible writers. He has been totally overlooked for the most prestigious literary awards worldwide, which is a shame as most of the words are spelled correctly. In fact, his books contain material that ranks with the finest literary works in history: all the right letters are there, just not necessarily in the right order.

Dave’s blog (The Speed Of Dark Blog) is part of his crusade for truth and justice and universal entitlement to free real ale. It may well be that his whole purpose in life is to serve as a warning to others.

Amazon Author Page

Category(s): Opinion
Tags: , , , , , , , , ,

Leave a Reply

Your email address will not be published. Required fields are marked *


This site uses Akismet to reduce spam. Learn how your comment data is processed.