Eugene David ...The One-Minute Pundit |
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Monday, January 19, 2009
We're beginning to wonder how much value there is in an economy "growing". If the "growth" is among the Richie Riches and not the working stiffs that doesn't qualify to me as growth. That's what happened in the eighties and nineties. I'd rather an economy didn't grow and at least kept most people in jobs than an economy grow solely for Richie Riches.
People going into hock en masse to buy things they don't need does not qualify as growth in my book either. Also we still seem to be paying for the Geek Boom at the turn of the century (which the housing psychosis cleverly hid), when business went on a hardware binge, much of it we'd suspect went underused, and practically all of which has since been sent for recycling.
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