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To build a better world, stop chasing economic growth
(www.nature.com)
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this post was submitted on 20 Dec 2023
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Economic growth is fine to a point. Problem is measuring economic growth through the arbitrary price of a small group of companies using a market system designed for gambling rather than long-term investing. Better is to base it on the amount of goods exchanged across all levels of society. When the top has all the money and increases their stock prices by buying and selling their own stocks, and the rest can't afford to participate in the economy beyond necessities, that's not a good economy.