Economic Growth versus Development

Economic Growth versus Development


In the world of economics, growth is the primary metric. It's all about the numbers, and so we try to reach the sky with growth, quarterly, annually. As long as there is growth, we know we are on solid ground. The assumption is that growth is infinite, for there are infinite possibilities for growth if we search for new lands to exploit the labor, resources and addiction to consumerism or things we have programed people to desire, even beyond their needs.

As we look at the global economic crisis and the slowdown in growth, perhaps it is time to ponder this wanton desire for growth, especially when it propels people to spend beyond their means to satisfy the bloody capitalist swine who perpetuate

Two friends enjoying a moment in time, Marvin X and Fahizah. Above: Cornell West with Nefertiti and Amira, daughters of Marvin X. Man on left is John Douimbia (RIP), Marvin X's mentor, founder of the Black Men's Conference, Oakland, 1980.



the world of make believe, including the addiction to growth as the only barometer of successful economic policy.

But we know a child may grow but not develop, thus perhaps we should consider development as essential to economic policy. How many people were employed with jobs at a living wage in the last quarter? How many had health insurance coverage on the job. Did we reach wage parity with Black and white men, white men and white women? How many claimed they were happy on the job in the last quarter or last year? How many feel secure?

What does it really prove to have increased growth and profits? Well, it's all about profit, right?
It's all about making a profit with the cheapest labor and resources, even if we need to start wars to obtain such, even if we must remain on a permanent war footing to satisfy the bastards in the military/corporate/university complex who earn mega salaries with bonuses while the workers are rapidly slipping into poverty or require two salaried persons in the household to make it.

And because the workers have become addicted to things or conspicuous consumption, their lives suffer underdevelopment while the bosses drive them to increase the growth metric, no matter the development metric, especially the human development, after all, we are not talking of abstractions.

We are entering an era, especially here in the Americas, where Latin American or Indigenous peoples are discarding the blatant free market capitalism of the Europeans. The peoples of the Americas want an alternative to naked exploitation of labor and natural resources. Some rather keep their natural resources in the ground rather than give away for little or nothing. Bolivia is considering such with its new found lithium deposits that is needed for batteries and electronic devices. Other nations rather keep their oil in the ground, after all, it is exploited yet the people remain in poverty, ignorance and disease.

And so we are at the precipice of a new economic order. Progressive minded people are urgently seeking alternatives to solve the present global crisis brought about from pure greed and arrogance by the white supremacy bandits.

Is more better or less? Having more is no guarantee of happiness. In the US, workers have two and three cars, closets full of shoes and clothes, yet mates are estranged, suffering physical, verbal and emotional abuse, and of course many chose to remain prisoners of love because they enjoy the golden handcuffs of material security, neglecting to consider their spiritual security.

And so we suffer psychosomatic diseases from stress, cancer, stroke and heart attack, only then do people realize things are an illusion of the monkey mind. They are horrified when they see the poor people pushing shopping carts down the street, yet expressing happiness and joy, yes, while drinking their rot gut wine, but the couple is passionate with each other, laughing and joking as if they were in a palace.

Some economists, Robert Reich, for example, say we have reached the limit of growth, that the only thing possible now in order to have peace in the world is for the rich to share the wealth, yes, return some of the ill gotten gain to the wretched of the earth. Bill Gates and Warren Buffet are the example of what must be done. They have given back or plan to give billions back to the people. They are encouraging other rich persons to do the same. Perhaps these men understand it is not about growth but development and the transformation of the human spirit beyond the material. Call it joy and happiness!
--Marvin X
12/4/10