Tuesday, 8 July 2008

The drive out of poverty is the drive for economy

I thought of proposing that the force to increase economic growth is the tendency to reduce and nearly eliminate poverty.

This is pointed at by the stop in economic growth after these conditions are met. So the rise at the top is the greater the more poverty there is to get rid of and in this way it owes a debt to the lower class for its own increase in wealth.

Criticism
I would now like to present some points against this .

  1. Since other factors determine the low point of the economy of a nation such as war the increase is not there to improve the lower well being but to reform the wealth production system.
  2. Growth after satisfaction of necessities in the nation by economic means would be replaced by growth based on innovation. These are fundamentally different modes. Any developments may be outshun by developments in other countries who have better export mechanisms.
  3. There are countries where oppulence is the norm

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