I read a similar things a few weeks ago. They were saying that the U.S. (government through laws and legal system) centered on "fairness" up until recently. Sometime after WWII the focus changed to Economics and growth. I'm guessing it was saying this is the cause of crazy inequality and "the jobless recovery." I'm not sure I buy all of it (the U.S. wasn't really a world power prior to the world wars, so they'd be di…
Happy nations don't focus on growth
21–30 of 61 posts
Re: Happy nations don't focus on growth
#22Re: Happy nations don't focus on growth
#23I read a similar things a few weeks ago. They were saying that the U.S. (government through laws and legal system) centered on "fairness" up until recently. Sometime after WWII the focus changed to Economics and growth. I'm guessing it was saying this is the cause of crazy inequality and "the jobless recovery." I'm not sure I buy all of it (the U.S. wasn't really a world power prior to the world wars, so they'd be di…
I absolutely agree with this. Considering the history and how we used to run public schools, it seems almost obvious.
American nationalism was at an all-time high during World War 2 and we rode that straight into the Cold War... 50 years of anti-soviet propaganda and public discourse, riding the post-WW2 American economic boom and global "anti-communist" imperialism. For an entire generation community-oriented principles, egalitarianism, collectivist ideas, and far-left leaders were demonized as Soviet sympathizers, replaced with rah rah unregulated capitalism, Ayn Rand-ian individualist, and military might.
If you've ever wondered why many modern American Christians blatantly disregard the liberal social aspects of Jesus/the Bible, look no further. WW2's morale-boosting propaganda morphed into a cancer of civil discourse, deeply coupling nationalism with the perceived indisputable success of American capitalism.
Consider these two points: * The Cold War started 70 years ago, and formally ended 26 years ago * 2016 Trump / Sanders popularity, bucketed by age: http://www.msnbc.com/sites/msnbc/files/age_of_voting_groups_...
American society takes time to change because our 2-party system is dominated by unengaged voters, the uneducated electorate that votes without thinking about it... heavily influenced by the world they grew up in, and what they were taught from k-12. When many election results are +/- 5%, moving the average 10% in one direction has long-term consequences.
It's worth thinking about how our 17 year-old "War on Terror" will continue to change society...
Re: Happy nations don't focus on growth
#24The nations mentioned are some of the most advanced in the world, and their lower-than-world-average GDP growth is being used to show that "it's not all about wealth". I don't think this article makes a very good point.
Exactly. This is a classic case of a confounding variable. The happiest nations are also the richest ones. The richest ones have lower growth than developing nations precisely because they are the richest: developing nations can achieve growth by increasing their literacy rates, building infrastructure, and making other capital expenditures (e.g. farming equipment, high-tech machines for factories). The richest ones…
Y = f(A, K, L).
That is, GDP is a function of Capital (K), Labor (L), and a catch-all of technology (A).
Developing countries can ramp up any of these 3 easily, especially technology "A" by transfering/adopting technologies that exist elsewhere. The richest countries can't do that since they should be at the forefront of technology.
Re: Happy nations don't focus on growth
#25Re: Happy nations don't focus on growth
#26If that is true, how much of suffering of individuals are we able to tolerate to keep the average of a whole up a few notches? (re: all the issues with utilitarianism)
Re: Happy nations don't focus on growth
#27This means China isn't happy at all. They need to fake that 7.0% growth every year for eternity, even though everyone knows it's all fake data, and most likely they're not even growing.
Re: Happy nations don't focus on growth
#28I read a similar things a few weeks ago. They were saying that the U.S. (government through laws and legal system) centered on "fairness" up until recently. Sometime after WWII the focus changed to Economics and growth. I'm guessing it was saying this is the cause of crazy inequality and "the jobless recovery." I'm not sure I buy all of it (the U.S. wasn't really a world power prior to the world wars, so they'd be di…
What use is power if it doesn't make you or your descendants happy? How is being a world power a gain, if, by doing it, you sacrifice the very tenets that your country was founded on? What use is power if it begins the process of curtailing freedoms and privacy for the minorities and majority (respectively), all the while aggravating the problem by funding problematic groups (causing a feedback loop)?
Re: Happy nations don't focus on growth
#29Of course, general well-being is a better metric of whether the incumbent gets voted in than economic growth in developed countries because well-being is far more tangible to the common man than the abstract concept of economic growth. OTOH, in a developing country, I'd argue growth is a better indicator of the probability that the incumbent will win since developing countries have growth rates which are in general far higher than developed, and since these high growth rates result in visible, tangible changes: bridges get built, schools are opened, and people get jobs.
Perhaps, the new thesis of the article should be that developing nations should focus on economic growth, while developed ones should focus on the happiness of their people.
Re: Happy nations don't focus on growth
#30This means China isn't happy at all. They need to fake that 7.0% growth every year for eternity, even though everyone knows it's all fake data, and most likely they're not even growing.
What makes you think China's growth is fake?
http://www.dw.com/en/what-has-become-of-chinas-ghost-cities/...
China is a unique place. And an amazing place that has executed an unimaginable transformation. Obviously they embrace capitalism, but they have a central planning edge from their Communist roots.
Saying that Chinese growth is "fake" is obviously ridiculous in its face; but the metrics almost certainly are -- comparing China to Germany or the US is an apples to oranges comparison.
There's no adjustment accounting for the Chinese government saying (and funding): "go build a city there". You also don't have bullshit state enterprises that are essentially big works programs propped up by loans that will never be repaid in the west.