Growth Euphoria and Distribution Reality by Norbert Reuter

“The chasm between poor and rich opens even more. The uncoupling of growth and quality of life on one side and productivity and work volumes on the other side makes clear that `business-as-usual’ leads to growing problems, not to a solution. At most deregulation, flexibility and `innovative’ possibilities for reducing taxes inflate the profits of a few at the expense of a negative aggregate economic development – despite (or even on account of) an historically unique increase of productivity.

In Germany, the GDP rose 300% from 1960 to 2005 with 20% fewer workers… Reuter makes a factual, well-founded and engaged plea for reorienting economic policy with distribution justice instead of the illusion of permanent growth.”

to read excerpts and reviews of Norbert Reuter’s “Growth Euphoria and Distribution Reality” (1998), click on

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