Growth: Real and Quasi

Understanding the difference between real growth and quasi-growth is critical to progress.  Confusing the two can lead to de-civilization.  When the propaganda army says “better” or “progress” they don’t mean for the masses.  At best, better or progress for them, but not most people.  It’s just a lie and they’re trying to gain support for half-baked ideas.  They’re just trying to fool people into supporting quasi-growth.

Real growth is people providing goods and services to others.  Quasi-growth is when the state claims to create jobs.  The state can move a job.  The seen and the unseen.  You see the job the state “created,” but not the job destroyed.  The state can only supply a job if it first destroyed a job.  The state is much more inefficient—and the middleman gets paid—so it likely destroys many more jobs before it “creates” one.  The state can’t create a single job, it’s impossible.

Economic laws exist at all times and places.  This also includes various orders.  That is, the coffee ready to drink, and the coffee bean field in another country.  Failure to recognize these laws is to be fooled by quasi-growth.  The so-called elite won’t abandon their superstitious beliefs.  They will continue to push anything in an attempt to fool people.  Everything they say is illegitimate unless it adheres to economic laws, which is unlikely.

There’s nothing they say that can eliminate economic laws.  Growth isn’t a given.  They’ll promise growth at a certain rate.  This is impossible.  They might be able to push growth to a certain rate by expanding credit.  However, this is short lived.  This sets the stage for the business cycle.  The bust can’t be staved off forever.  Various measures might be tried, but this will make the bust worse.  The longer it’s pushed off, the worse it will be.

There’s only one path to growth, and it’s not even guaranteed.  The only path to growth is understanding and following economic laws.  It’s impossible that they can be bypassed.  Various schemes will be put forward, but they are all a disaster.  The so-called elites are trying to square a circle.  Each and every scheme is just an attempt to win a popularity contest.  It’s not real growth.  It’s quasi-growth.

References

Ludwig von Mises; Human Action

Murray Rothbard; Man, Economy, and State

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