Seven Problems a Recovery Won't Fix

[xchrom]

http://blogs.hbr.org/haque/2011/06/seven_problems_a_recovery_wont.html

The Big Grinning Kahunas that run the world don't agree on much these days, except one thing: the urgent, vital need for "recovery." On both sides of an increasingly fractious political divide, there's a common belief underlying the debates: what we really need is more stimulus, spending, cutting, slashing, or , and the economy will "recover" — hey, presto!! — and pop roaring back into life.

Hence, like many, you're probably waiting for this so-called mysteriously reluctant non-recovering "recovery" — the one that always seems just around the corner, but when the corner's turned, has automagically disappeared yet again. (Want fries with that latest global "soft patch"?)

Recovery means "a return to a normal state of strength." So here's a question. Is recovery enough? Consider seven things that a mere "recovery" probably wouldn't fix:

Stagnation. Median income has stagnated for decades and mere "recovery" probably isn't enough to do much about it, because GDP isn't concerned with who gets what. And if we all go right back to doing exactly the same old stuff, for the same old reasons, earning the same rewards...well, that's how incomes stagnated to begin with.

[Donnachaidh]

1. recommend k&r n/t

[marmar]

2. Uncomfortable truths.

What's the point of rebuilding a house on an unstable foundation?

[xchrom]

3. ...

:thumbsup:

[NC_Nurse]

4. K&R. Great article and what a COOL website! Thanks!

:hi:

[Uncle Joe]

5. Kicked and recommended.

Thanks for the thread, xchrom.