2016

2014

The Fetishism of Economic Growth

Capitalism and Communism shared one important principle in common: an almost religious devotion to economic growth. If a Five Year Plan didn’t produce the expected “great leap forward,” Communist officials fudged the figures. If a capitalist economy dipped into recession, economists tried to put the best face on the resulting “creative destruction,” arguing that it… Continue reading The Fetishism of Economic Growth

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