Date: 2024-09-27 Page is: DBtxt003.php txt00010429
ECONOMIC PROJECTIONS
A DANGEROUS CIRCULAR ANALYSIS
The media is using 'panels' to make predictions in a manner that is low cost and low meaning ... but it fills the news space!
A DANGEROUS CIRCULAR ANALYSIS
The media is using 'panels' to make predictions in a manner that is low cost and low meaning ... but it fills the news space!
This is pretty depressing! Rather few in corporate leadership seem inclined to embrace the policy options needed for a future better world!
1. Projected loss of growth using a linear economic growth
The idea that 'loss of growth' should be a major metric is, in itself, a pretty silly idea ... but is very convenient for the folk that are at the 'top' of society and get the benefit of growth, while everyone else has to work like crazy to deliver the 'growth' and not get much for their effort!
2. Global economy is on track to accommodate a growing population
This is not true ... the age structure of the global population is changing in ways that are going to put massive stress on the global economy, and likely make the world significancly poorer.
3. Business is doing enough to meet global sustainability challenge
No way ... very few major businesses are doing enough to meet sustainability challenges ... most major corporations are engaging in 'green-washing' and avoiding anything and everything that has costs no matter what the sustainability value.
4. Clearer market and policy signals are needed to advance sustainability
'Market and policy signals' are not going to be enough. There need to be some major initiatives so that people ... who are customers ... and products ... that customers buy ... are made part of a comprehensive incentive framework so that only 'good' products get purchased. This can be done, but most companies do not want anything like this to happen!
Peter Burgess