Date: 2022-10-28 06:45 am (UTC)
hairyears: Spilosoma viginica caterpillar: luxuriant white hair and a 'Dougal' face with antennae. Small, hairy, and venomous (Default)
From: [personal profile] hairyears
It's mostly right.

I would nitpick 'degrowtherism' as lazy - there's no such thing, nothing of it has ever been implemented into policyhere, and the green post-carbon-economy components of it that have been applied in economic policy elsewhere have been very positive for growth indeed.

And that's it, for my objections.

Deindustrialisation has been a disaster, deskilling and low productivity are real - and both a cause and effect of our decline - and 'austerity' has *proven* to be an engine of economic contraction with no fiscal benefit whatsoever: it makes the public finances even worse.

Above all, that article points out the awful truth: yes, we really are getting poorer. Not just falling behind our neighbours: losing what we've gained.

We seem unaware of this, except for when we are compelled to confront a loss of our living standards.

The one part this that's missing, is that it's unevenly distributed: everyone talks averages and some have it worse. Much, much worse: and this is very true in London, however prosperous it seems to be.

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