Tony Abbott is
confused about many things, among them what growth is really “shorthand” for.
According to Australia’s PM, “…. economic growth is really
just economists' shorthand for more jobs, higher pay, new industries, and the
better life that only greater wealth can provide."
It’s not. It’s actually shorthand for a worsening of what he
has called “darkening times”.
Economic growth, despite his optimism, is simply about
inequality and the strengthening of a social malaise that favours less than one
per cent of the world’s population and, critically, further disrupts the world’s
deteriorating climate.
In today’s Mark Kenny story in The Age, Mr Abbott said, "Our G20 goal is to boost output by
an extra 2 per cent over the next five years to create millions of jobs and to
generate trillions in wealth right around the world.”
"Likewise the post-2015 Development Agenda should focus
on economic growth because growth makes every other social goal, even tackling
climate change, easier to accomplish,” he said.
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