12-07-2011, 05:18 PM
(12-07-2011, 02:25 PM)eppie Wrote:(12-07-2011, 01:42 PM)Jester Wrote: This is definitely wrong. Population increase does not drive economic growth, not by a long shot. Otherwise, India would be rich, and Luxembourg poor. Research drives growth. Innovation drives growth. Capital accumulation drives growth. Competition drives growth. Population growth actually decreases economic growth, all else equal - more people fighting over the same resources means less for each.
-Jester
If you consider economy a local national thing yes. But of course it isn't.
Our wealth in the west is made possible by the fact that there are so many indians and chinese. If we couldn't get cheap cloths, gadgets, food, oil etc. we would have to think of something else.....at least we wouldn't have time to enjoy our holidays a lot.
I don't claim to understand economics but my most recent gadget purchase was an item made in Luxembourg, a drill press. There are drill presses made in China, but in my opinion Luxembourg makes better drill presses.
"I may be old, but I'm not dead."