asterisk2a + liberal + gdp   5

Oh for the 1960s! People earned less but could afford more | Money | The Guardian
[ fetish of GDP ] Economic growth since the 1960s has been real, but the link between growth and personal prosperity has broken down, probably since the 1990s. We can carry on pushing for increases in GDP, but it’s meaningless unless it translates into a recovery in living standards. If any government really wants to help the left-behinds, then cutting house prices and rents must be their first priority.
GDP  wage  growth  income  distribution  economic  history  profit  maximisation  capitalism  crony  oligopoly  monopoly  Platform  Self-Employment  Productivity  squeezed  middle  class  working  poor  globalisation  Competition  liberal  reform  competitiveness  disposable  discretionary  spending  investment  creditcard  credit  GFC  recovery  Austerity  secular  stagnation  taxation  1%  Super  Rich  Plutocracy  10%  20%  bank  bailout  Privatisation  outsourcing  offshore  banking  tax  evasion  avoidance  child 
december 2016 by asterisk2a
Interview ǀ Weg vom BIP-Wachstumswahn — der Freitag
Interview Hans Diefenbacher ist Ökonom und hat eine Alternative zum allmächtigen Bruttoinlandsprodukt entwickelt //&! „Ökonomen verhindern einen Wirtschaftswandel" Interview An der Cusanus-Hochschule werden alternative Wirtschaftsmodelle gelehrt. Die Professorin und Ökonomin Silja Graupe erzählt im Gespräch, warum das notwendig ist - bit.ly/1Oi4Qo9
BIP  GDP  nominal  GDP  targeting  economic  model  trickle-down  economics  neoliberalism  neoliberal  crony  capitalism  capitalism  economics  of  abundance  liberal  economic  reform  austerity  economic-thought  economic  history  economic  damage  tax  evasion  tax  avoidance  Greed  shared  economic  interest  Wall  Street  shareholder  value  profit  maximisation  macroeconomic  policy  economic  growth  happiness  index  climate  change  short-termism  Generationengerechtigkeit  fairness  inequality  Gini  coefficient 
december 2015 by asterisk2a
Where Next for the UK Economy? | 24.02.2015 - YouTube
min 37 BOE owns over 1/3 of outstanding gilts // pattern of global demand ([luxury, vanity, status, brand], [convenience, on-demand,] [software, automation, robots, driving down manual labour cost - corporate/wall street] [connection with your customer] [Data] // GDP growth (national income, profits from corp) outpaced income growth (income from labour). is double // austerity, fiscal policy: to force a surplus of the budget (and current account/balance of payments) over 10 year time frame (2x conservative parliament) without thinking where the demand comes from (income growth thus more disposable income thus consumer &* business demand (more employment), thus higher tax revenue). And only thinking about cutting, is a Career Politician move, sticking 2 his talking points of Plan A. // dont compete w BRIC/Developing/Frontier Market on price (exporting). It's a race to the bottom, it can not work. Thus it has to be Industrial Revolution 2.0 !!! Differentiate. Brand. Being Remarkable.
BOE  QE  ZIRP  NIRP  productivity  income  growth  GDP  distortion  trade  deficit  balance  of  payments  current  account  deficit  economic  history  IMF  Career  Politicians  Industrial  Revolution  2.0  Conservative  Party  David  Cameron  Liberal  Democrats  Nick  Clegg  George  Osborne  globalisation  globalization  borderless  flat  world  Brand  differentiate  differentiation  Software  Is  Eating  The  Mobile  Creatives  Mobile  Creative  Start-Up  lesson  Start-Up  advice  UK  Europe  Germany  USA  China  BRIC  monetary  policy  fiscal  policy  macroeconomic  policy  microeconomic  policy 
may 2015 by asterisk2a
Autumn Statement 2014: Osborne's Cuts 'Will See Public Spending Fall To Lowest Level In 80 Years'
Tony Dolphin, senior economist at the Institute for Public Policy and Research, warned that Osborne's planned cuts were "implausible". "Given the scale of cuts in the public sector, [the OBR] can only make its growth forecast add up by assuming that consumer demand is boosted by households taking on more debt - and at an unprecedented pace. "Extraordinarily, the OBR thinks that by 2019 the household sector will have a financial deficit twice as big as in 2007 and 2008 when the financial crisis hit. As result, the household debt-to-income ratio is forecast 2 rise beyond its pre-crisis peak 2 over 180%. "This is pretty implausible. If the next government tries 2 follow the deficit reduction path set out in the Autumn Statement, it can only succeed in the short-term because the household sector takes on debt @ a faster pace than it did before the financial crisis. [this warning was heeded some years ago alrdy that consumer&corp would have to take on debt to spend to keep GDP # up!!!]
austerity  UK  George  Osborne  economic  history  David  Cameron  general  election  2015  fairness  Liberal  Democrats  Conservative  Party  Labour  Party  Super  Rich  1%  Privileged  Establishment  No  Representation  Toff  fiscal  policy  Democratic  Process  democracy  tax  free  income  Budget  Gerechtigkeit  Gini  coefficient  income  inequality  compromise  Career  Politicians  Debt  Super  Cycle  sovereign  crisis  recovery  GFC  Lohnzurückhaltung  working  poor  Services  Industry  service  economy  service  squeezed  middle  class  wage  growth  sticky  wages  Niedriglohn  Niedriglohnsektor  minimum  wage  productivity  output  gap  liquidity  trap  monetary  transmission  mechanism  zombie  banks  zombie  consumer  mortgage  market  ZIRP  NIRP  QE  Funding  for  Lending  Scheme  Help  to  Buy  Scheme  monetary  policy  Future  of  Work  Mobile  Creative  Mobile  Creatives  flat  world  globalisation  globalization  Year  of  Code  industrial  policy  job  creation  disposable  income  Precariat  precarious  Zero  Hour  Contract  economics  market  tax  evasion  tax  avoidance  GDP  economic  growth  zombie  corporations 
december 2014 by asterisk2a
▶ Why countries grow - YouTube
Nations rich in transferable skills have more growth potential than those that merely exploit their natural resources, according to Harvard's Ricardo Hausmann. In part one of a discussion with John Authers he explains how to map a country's usefulness. >> http://www.amazon.co.uk/The-Atlas-Economic-Complexity-Prosperity/dp/0262525429/ + Part 2 /watch?v=i-TQqyM-pNg History of Growth ...
skills  knowhow  Career  Politicians  Politics  public  policy  transferable  skills  Higher  Education  formal  academia  Diversity  product  diversification  Oil  bubble  GDP  political  folly  competitive  advantage  competitiveness  policy  error  policy  folly  globalization  short-term  thinking  economic  history  fiscal  policy  political  error  prosperity  income  mobility  Ricardo  Hausmann  natural  resources  social  mobility  book  diversification  economics  globalisation  liberal  economic  reform 
october 2013 by asterisk2a

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