Report (World Economic Situation and Prospects Monthly Briefing, UN Department of Economic and Social Affairs (DESA)): “The world economy is teetering on the brink of another major downturn. Output growth already slowed considerably to an estimated 2.8 per cent in 2011. Based on relatively optimistic baseline assumptions, the United Nations foresees world gross product (WGP) growth of 2.6 per cent for 2012 and 3.2 per cent for 2013. If the European sovereign debt crisis were to spin out of control and the weaknesses in the United States economy interact to create a downward spiral, the world economy could plunge into a double-dip recession. Alternatively, policy coordination that boosts aggregate demand and more directly attacks unemployment could improve prospects for economic growth.”
My Comment: Who said that the rate of economic growth is an indication of a crisis? How much more does it have to grow? Growth needs to be qualitative, not quantitative! It is necessary to stop thoughtlessly producing, selling, buying, and discarding, just to once again produce, sell, buy, and discard. It’s necessary to regulate the planet’s economy to produce whatever is needed to satisfy everyone, and not more than that.
We should stop considering an increase in the production rate as growth; instead growth is our ability to satisfy everyone’s needs for food, medicine, heat, safety, and housing. We need to free people from unnecessary and harmful work and obligate them to dedicate the freed up time to learning about integration, the new rules of the world community—the mutual guarantee. Otherwise, we will face not a second, but a never-ending crisis until we smarten up.