Economic Growth - Good for ordinary-people

Economic Growth & The Wealth of Nations

Joined Up thinking … #ows | #occupywallstreet … Get the Money Out Of Politics.

Education is a prize worth fighting for and increasing opportunities for expanding educational sources come from economic growth. So, economic growth is not bad, increasing the wealth of nations is not bad. Focusing that wealth in the hands of a few who fail miserably to spread that wealth around is very bad.

Economic growth is a desirable outcome because it creates wealth and improves the health of nations. Capitalism is good but corporate greed is something altogether different and reprehensible.

During the heydays of the British Empire the East India Company, arguably the Worlds first multinational corporation, wielded enormous power and political influence.

At its peak, its influence stretched from western India to eastern China via the farthest reaches of the Indonesian archipelago.

It had a fleet of 130 twelve hundred tonne ships and commanded an army of 200,000 troops that came to dominate the Indian subcontinent.

It funded governments, toppled princes and generated spectacular amounts of money from trading textiles and spices. But this wasn’t an empire, it wasn’t even a state, it was a company.

The British East India Company, founded in 1600, lasted for 258 years before the British state gained full control of its activities. In that time it had redrawn the map of India, built an empire and reinvented the fashions and the foodstuffs of Britain

It took various acts of parliament, including the East India Company Act 1773, East India Company Act 1784 (Pitt’s India Act), The Act of 1786, East India Company Act 1793 (Charter Act), East India Company Act 1813 (Charter Act), Government of India Act 1833, Government of India Act 1853, to build and subsequently limit that power.

A great many individuals acquired great fortunes on the back of the East India Company and a lot of very bad things were done to facilitate the acquisition of those fortunes.

But alongside the slavery, wars and other injustices national economies grew. And to build those fortunes infrastructures had to be built to improve access, improve communication, reduce delivery times and prolong the lifespans of educated and trained labour. Everything a multi-national company needs to ensure workers produce more consumables more cost effectively.

How do we know the health of nations improved …

The difference today is we are plunged into wars and economic slavery that does not build, does not create, and does not improve anything for anyone other than the 1%.

But, economic growth is why it’s important that the occupy movement doesn’t get forced, cajoled or steered into simplistic disputes over unjust wars, student debt, or any myriad other issues that provide multinational corporations with a focal point they can ridicule and refute.

Give the right wing propaganda machine a point of focus and the real focus, that should be re-aligning the political agenda, gets skewed onto police brutality, or your hairstyle, or your past indiscretions, or your family history. Give the corporations any opportunity to re-focus the agenda and they’ll fabricate messages that paint you into a defensive corner. They have too many embedded tools at their disposal.

Keep the message unfocused but clearly aimed at the political agenda

Remember we all want to improve our quality of life. We all want what our neighbours have and the only way to get it is economic growth. Because economic growth brings labour saving devices and labour saving devices bring us time to engage our minds.

Never aim to limit economic growth, prevent the increase of wealth or halt the improvement in the health of nations. Just try to get the money out of politics.