I’ll make this short. I am very cranky this afternoon, and I admit it. The lead from the AP wire, a few minutes ago: “Consumers are saving more than they’re spending, and that has investors worried.” What?!?!
Okay, so what, really, is the point of our economy? A rising GDP is the whole game? After a long swooning flirtation with seemingly unending profligacy, consumers are now chastened, are saving, and that worries investors? Nuts. Just totally nuts.
Investors, guess what? The growth you have in mind is not the growth anybody wants anymore. Sorry guys – the big banks are shot, the auto industry has tanked, homebuilders are dropping like flies, the malls are ghost towns. It’s over (at least I wish it was).
Hey, world of investors and makers of things, why not try investing in and making things that will help us? Local stuff, stuff that eases the frightening messes we face. Can we not replace GDP with something that makes sense, something that measures how we are doing in creating cities that are actually capable of sustaining us, and our children’s children?
What, in the end, is growth for? Riches, but then what? It’s easy to see that we have spent decades building an economy that has wrecked our cities, our countrysides, our air, our water, our food. (By the way investors, are you keeping track of how many films have been released in the last three months dealing with our food disaster? Opportunity?).
Can we get you to pay attention, please?