Less poverty!Less unemployment!Less homelessness! Money to pay for more good things!More happiness! More money to pay for mitigation of any side-effects!
There are a few big-time winners, even if they are still not content in many cases Many losers think that there is still hope to catch up There are a fair few more who gain in short-term
Growth delusions: ‘Boom times’ Growth and then more growth, with the odd ‘cleansing recession’
‘TAP’ Pressure + inequality ‘TAP’ Pressure + inequality Loans/new money Debt New financial instruments
‘TAP’ Pressure + inequality ‘TAP’ Pressure + inequality Loans/new money Debt Credit Downturn New financial instruments BubbleBubble
‘TAP’ Pressure + inequality ‘TAP’ Pressure + inequality Loans/new money Debt Credit Downturn “Get the economy going!” Growth at any cost! Relax protection! “Drill, baby, drill!” Cut taxes! New financial instruments BubbleBubble
‘TAP’ Pressure + inequality ‘TAP’ Pressure + inequality Loans/new money Debt Credit Downturn “Get the economy going!” Growth at any cost! Relax protection! “Drill, baby, drill!” Cut taxes! New financial instruments BubbleBubble
Growth delusions: ‘Trickle Down’ Sao Paolo, Brazil
Growth delusions: ‘More jobs!’
Growth delusions: “Plan!”
Growth delusion: “The market can fix it”
Growth delusions: “Put a ‘tiger’ in your tank”