How can we rebut the standard line that we need 4% growth every quarter, every year?

The standard economic model posits perpetual growth as the prerequisite to a healthy economy. This model, I believe, must be changed in order to establish a sustainable economic system. The government pretends that perpetual growth is the ONLY way to provide jobs to the working class, but surely, that is now dangerously wrong-headed. So: what arguments counter that 4% growth argument, and its underlying model for perpetual growth?

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  • Robin Marlowe
    published this page in Ask Prof. Wolff 2017-02-22 17:27:44 -0500