Quote by Jim Stanford
Growth can also involve producing services instead of goods. In particular, a major expansion of public and caring services (like child care, education, elder care, and other life-affirming programs) would generate huge increases in GDP and incomes, with virtually no impact on the environment.
Summary
This quote highlights the idea that growth can be achieved not only through the production of goods but also through the provision of services. It emphasizes the importance of investing in public and caring services such as child care, education, and elder care, which can contribute to significant economic growth and income improvement. Additionally, it suggests that focusing on these services would have minimal consequences or negative impact on the environment, making it a more sustainable approach to growth.
By Jim Stanford
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