'Promote,' 'Drive' but never Create...

Economic Growth.

If you look at just about every Google entry for 'economic growth' you will see that most commentators and even a large number of accountants parading as economists, refer to 'promoting' or 'driving' economic growth, but never actually creating any.

OECD headquarters is in Paris,
conveniently right next to where all the cafe society
and exciting nightlife is. How coincidental. 

It's not that they don't wish to sound like little gods - they do that kind of thing almost to a fault about every subject really; so it shouldn't trouble them here in this instance either.

Somehow you see, one is meant to think of economic growth as simply 'being here already' and either slightly run-down and in need of stimulation, or being taken command of, and driven around after a rub-down and polish.

Left Wing political parties around the world shy away from expounding any clever ideas about inspiring economic growth - and they stick to the mantra about Right Wing politics being the politics of hate and meanness, which are... But between the two sides, none of them throw anything out there as far as ideas for actually creating new economic growth pathways goes.

You see, 'economic growth' has a very specific technical definition: it means the average annual increase in the liquid value of a market asset. And so if you adjust the statistical base upon which you are announcing any figures, you can present a rising figure that depicts 'economic growth' even though everything is actually contracted in overall real value.

Now that doesn't overtly really happen in modern economies because critics will usually loudly complain about different sets of numbers that put whatever 'rising' number into the real context.

But what does happen, is a militant blindness about any lateral extension of the financial market bases.

Capitalization of carbon credits might in theory be a 'creation' of a unit or segment of economic growth - that's one example.

It's a weak economic driver though, and unlikely to generate monetary velocity, which is the real bane of today's governments whose tax receipts are all highly fragile as a percentage of GDP.

What drinks do which finance ministers
indulge in...? I do see Varoufakis, with his open-necked
Op-Shop shirts, as a martini man; no doubt about it.
He has style. And like all Greeks, can take risk.
Remember, Nick 'the Greek' Dandolo!

It's very risky to espouse new ideas about new economic growth segments - they might not work. And politicians are not interested in society or the community, they are interested in themselves, and the survival of their careers, and the continued support of their backers. Thus I genuinely believe we have reached the limit of what is beneficially possible for modern democracies; they have all reached their terminal failure measure. And all modern nation-states in the forms we have seen them will decline and fail or fall from here.

But economic growth is very possible for the individual. The individual has no such pressure to refrain from trying new ideas and courting failure to an educated extent.

Never before, has there been such enormous opportunity for the private individual to create new wealth and to grow it for him or herself.

However did this exotic and seductive idea get into our closed minds?