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| 2009 World Economic Forum Meeting |
Politicians and
economists often tell us that job creation requires a GNP growth above 2 or 3%.
According to them, the optimum situation and the end of the crisis will be
reached when a permanent growth is achieved above these figures, the higher the
better. Not many seem to be considering whether such a situation is possible in
the long run.
Let us take the simplest
case: assume that it were possible to achieve a cumulative annual growth of 3% GNP,
indefinitely continued. Would we have achieved utopia, would we be living in
the best of worlds?
Maybe, but not for long.
