The first quarter numbers were out yesterday and economic growth was anemic and nearly non existent. Is economic growth a valid metric? Is that a ridiculous question? Not really and here is a list of reasons why:
- In a sustainable economy, the aim is not to maximize profits for capitalists.
- Economic performance should aim at full employment with sufficient productivity to secure a good life for all citizens.
- Sustainable living is about quality of life for individuals in the context of quality of life for the greater community.
- America needs to redo the economic model to fit the needs of humanity on planet Earth and not just one nation.
- Optimizing return on national resources should become the main focus of government and all of its branches to be responsive to the necessities of We the People.
“The truth is, nobody knows how much of this slowdown represents a blip that will reverse in coming months is -- and how much of it reflects fundamental weakness in the economy. The weather does a good job of explaining why businesses held back on investment during the beginning of the year, but it doesn’t explain stubborn weakness in housing or why companies aren’t exporting more. The economic recovery – now almost five years old – is replete with false starts and dashed optimism.”
The reason we are experiencing false starts with false optimism is because we are not addressing the real problem at all. America must engineer a sustainable economy under a new economic model for which leadership is failing to address the requirement.