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branko milanovic

Driven to Consumption and Money out of Nothng (tags)

Growth originally created a material prosperity about which earlier generations could only dream. However, more economic growth does not lead to people becoming happier. We are prisoners of a system that forces us to permanent growth. Banks create credits.

No Redistribution Without the Social State (tags)

In Austria 30 percent of the gross domestic product is spent on social services (not including education spending)...Since the 1990s social security has been increasingly discussed as a financial burden and less as a social achievement

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