It's time to create an Economic Growth Code whose purpose is to fix and grow the economy, not redistribute massive amounts of wealth.
Sentiment: NEGATIVE
Economic growth may one day turn out to be a curse rather than a good, and under no conditions can it either lead into freedom or constitute a proof for its existence.
You can't fuel real economic growth with indiscriminate credit. You can only fuel it with well-allocated, long-term investment.
But as you say, the fundamental stumbling block is the question of the future of the economy. And it's not just the sort of economic laboratory question, of what kind of system would best generate growth, which is the way it's presented.
There are many elements needed to secure economic growth. Certainly, people must be politically free to innovate, invest, build, and create things, and they must be incentivized to do so by knowing they can keep the rewards for their efforts.
Perhaps concentrated wealth will inspire a nation of innovative problem-solvers. But if the view of many economists is right - that it sometimes discourages innovation - then we should worry.
You don't grow the economy by growing government.
Government is not the generator of economic growth; working people are.
Having a decent share of the national wealth for the middle class is not bad for growth. It is actually useful both for equity and efficiency reasons.
So I'm definitely in favour of stimulating the dynamic wealth creation sectors of the economy.
It's not enough to have economic growth. You have to distribute wealth throughout all of society.