Crisis: Rethinking our growth model
If we make the crisis a positive step forward-thinking what should be growth and improving living standards of individuals? Most economists, politicians, and citizens now believe the growth of Gross Domestic Product (GDP) as the benchmark for comparisons between countries. Do not speak of the human development index, but certainly used so little recognized.
The U.S. world power, China's first global growth ... Growth has become an end in itself, without even thinking about its content. The growth of GDP as a measure of wealth creation is the indicator and symbol of a headlong rush destructive.
Secularization of U.S. real estate products, we constantly criticize our bankers is primarily
In his book "And if the numbers do not tell the whole truth", Valerie Charolles, proposes to take into account either the GDP per capita but GDP per hour worked. Measuring employee productivity and improve it to allow GDP release constant extra time for leisure and consumption.
What is the wealth created if households can not consume? China's growth, absolutely huge, it allows for many Chinese households consume more? Not really if we believe the savings rate in the country and the place of investment in GDP.
Secondly, one of the objectives of growth is not to improve the lives of individuals and reduce inequalities between countries but also within states? In this sense, the U.S. GDP per capita is well above the French GDP, the rate of Americans living below the poverty line, and the deformation of revenue sharing, show how the creation of wealth as such has serious limitations.
It is also absurd to try to compare China's growth with that of Europe or the United States, where wealth in absolute and per capita varies from 1 to 100. It would be interesting in this case to create and recognize a statistical indicator to take growth more balanced and better distributed among different economic agents (internal comparison and between countries).
This indicator could for example take into account the standard deviation of income, the median wage growth in light of high income, the importance of redistribution of the state. Beyond the creation of such an index - which already exists for most - the major difficulty is that they are recognized with governments and international institutions. Only thus can they become true references and gain legitimacy for all players.
Moreover, growth effrontery economies, overuse of natural resources and the rapid degradation of the environment, impose a reflection about our economic models. Is it proper and desirable to always focus on sustained growth, but so destructive to our environment?
Borrow again to Valerie Charolles the idea of "sustainable growth and be based on a sensible use of natural resources. The acceptance of sustainable growth as growth target states fundamentally change our relationship to the economy and wealth creation.
And then, what is the meaning of money as an end in itself, and not as means? Is there not the subject of reflections that each individual should have his own relationship with money? That is money in our daily lives? That is money in our society?
It has become the major social recognition, a measure such as happiness for many people but especially in the implicit rules of our society. Traders that everyone condemns in their race bonus - it's pretty easy, admit it - are they not simply reflect the evolution of our model of society?
Tags: different economic, economies, environment, the economy