Economic growth does not solve all problems from "summary" of 23 Things They Don't Tell You About Capitalism by Ha-Joon Chang
The belief that economic growth can solve all problems is deeply ingrained in our society. We are often told that if we can just increase our GDP, all other issues will fall into place. However, this assumption overlooks the complex nature of social problems and how they are interconnected. It is true that economic growth can lead to improvements in living standards and overall well-being. When the economy is growing, there is more wealth to go around, which can translate into better healthcare, education, and infrastructure. However, this does not mean that all problems will automatically be solved. In reality, economic growth can exacerbate certain issues, such as inequality an...
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