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In the years leading up the last French Presidential election, economic growth, or “la croissance”, became a political buzzword in France. The French president at the time, François Hollande, staked his reelection on growth. He failed to deliver and never put his name forward for a second shot at being le président. His Minister of the Economy, Emmanuel Macron, was responsible for delivering la croissance yet failed to do so. He ended up with the top job.
Like France, many countries emphasize the economic growth. Growth speaks to an important part of individual lives: everyone needs money to pay the bills. Yet, can we stop here and argue that needing to pay the bills is a sufficient reason for focusing on economic growth, to the exclusion of everything else?
Photo, without changes, from Sergio Carbajo