The Global Economy October 12, 2022, 10:27:35 am It's interesting how the mass media focusses on Growth and Interest rates.I appreciate these are very important measures for some, and if you are retired you want high rates with low inflation, but the reality is growth and interest rates are only the primary focus of one version of global economics, and it's a pretty old version controlled by banks and old money. Some might claim it's a fairly myopic approach, because in reality it only measures one very narrow aspect of wealth.While much of the world trembles and baulks at the idea of a recession, there are large regions that will sail on through "the terrors" simply because progressive leaders have already moved away from the growth model, and it seems they are killing it in terms of outperforming the rest. You don't even have to be a country to make this move, some individual states and regions have changed how they measure progress from growth, GDP and the like towards efficiency measures and they are reaping the benefit.As I understand the problem is that the growth model is driven by greed, more sales, more widgets, more resources, more consumption means fatter wallets ............... for some. But it doesn't mean it is really more profitable, just the same percentages of a bigger number, full of all the same percentages of wasted resources as well!The efficiency model changes from gearing wealth to the growing size of the pie, and starts making the slices go further by eliminating waste and improving efficiency. It's is a movement strongly opposed by the old world money.The modern efficiency model is a bit like the Christian parable of "The Loaves and The Fishes."Anyway, if the shizen is to hit the fan, I thought a venting thread might be quite useful for some!