Do you want more money? What a silly question. Do you want growth? Another silly question. But beware of what you are asking for. Many a time a dollar given can end up returning 90c or more. Money given must come from somewhere just like money taken must also come from somewhere. Money does not appear from nowhere except printing or OPM.
As for growth, there are many consequences for creating growth. But what is important is whether it is real growth or growth on one hand and higher cost on the other. On face value growth is desirable. Is growth the only panacea to all our ills? We laugh at the Japanese for more than 20 years of negligible growth while we keep growing every year. Should we be richer than the Japanese by now? And richer in what? Unfortunately no.
Japan is still the most prosperous nation in Asia or the world, with no growth. And they are able to maintain their high quality of life, graciousness, discipline and a good life, and a people that is proud to call themselves Japanese. And they will look Japanese.
What have we achieved with all the fantastic growth numbers? Yes, we are growing richer, and some extremely richer. But we are facing with greater and greater social and political cost. There were improvements in the quality of life but in some areas things are getting worst. Some of the not too desirable things are the adulteration of a population that was moving slowly to nationhood as a people, more graciousness, discipline and a cleaner environment to one that is less gracious with the social fabric being threatened. Many people are feeling alienated and marginalized in their own country. The pride of being citizens is now being questioned and ridiculed.
Compare to the no growth Japan that we are sneering at, you don’t see the same kind of silly and unnecessary problems that we are facing.
Some suggest that the Japanese must also adulterate their population, even bastardise them, but the Japanese choose to be otherwise. The freak nations of bastards are beginning to turn into a mess and will eventually be torned apart by the differences in the composition of their population. The greater the mixture, the more complex will be the problem and the pulls to different directions will be greater.
We used to have primarily three major races and a smaller Eurasian community in our mix and the issues of inter racial co existence may not be too arduous a task to deal with. If we continue to dilute this mixture and mess it around with all kinds of concoctions, we are only adding more problems for the future generations to deal with. And we are doing all these in the name of growth.
Will our model be more superior to the Japanese model? Will the model of China/India eventually prove more resilient that the mixed broth in the USA or UK?
By the way, there is no need to keep increasing the population just to register growth in the GDP. The goal is a better quality of life for the people, not GDP per se. The Japanese have proven that they can do that without crazy growth numbers. Maybe their politician’s salary is not linked to growth numbers.