Focus economics on stability
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Re “World leaders agree to tighter economic controls,” Nov. 16
I have a problem with the statement made at the G-20 conference that “we must avoid over-regulation that would hamper economic growth.”
One major flaw of capitalism is that it requires continuous growth. In a finite world, where food and fuel are in short supply, where the population is exploding and where pollution and environmental destruction are serious problems, open-ended expansionism is completely irrational -- and very dangerous.
We need a system that will not require endless expansion and that will provide for all of the world’s inhabitants -- not just the lucky few who can cash in on capitalism while destroying the planet. We need a socially inclusive model based on stability, not expansion.
Richard Weld Savary
Pasadena
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