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The promise that each generation will be better off than the last is a fundamental tenet of modern society. But will future generations, particularly in advanced economies, realize such expectations?
Again, it's a question of producing value as opposed to wealth; health and quality of life over financial gain for a few "owners" of production.
What good is a financially bigger cut, if it comes at environmental and social costs that may prove to be deadly to the individuals and organizations who choose to ignore the ecological and social consequences of their action? What good is a profit if you, and everyone else, is dead? Who would acknowledge your wealth? How would you buy things?
Think about it.
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Slowly some traditional economists are starting to wake up to the question of the future and nature of growth (see also Pisany-Ferry on this Project Syndicate). Problem is that they are illiterate as regards the impact of energy on the economy. They still fail to grasp the truth of planetary limits to growth.
not sure we'll live better than our parents, though we'll surely live longer ...