The Zero Marginal Cost Society and the End of GDP

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Global GDP has been growing at a declining rate since the Great Recession. While economists point to high energy costs, a decline in productivity, slower growth in the labor force, consumer and government debt, income inequality, and consumer aversion to spending, among other causes, there may be a more far-reaching trend, although still nascent, that explains some of the slowing growth of GDP. It’s called the zero marginal cost phenomenon – See more at: https://www.thefiscaltimes.com/Articles/2014/07/30/Zero-Marginal-Cost-Society-and-End-GDP#sthash.SliWcPv6.dpuf
Global GDP has been growing at a declining rate since the Great Recession. While economists point to high energy costs, a decline in productivity, slower growth in the labor force, consumer and government debt, income inequality, and consumer aversion to spending, among other causes, there may be a more far-reaching trend, although still nascent, that explains some of the slowing growth of GDP. It’s called the zero marginal cost phenomenon – See more at: https://www.thefiscaltimes.com/Articles/2014/07/30/Zero-Marginal-Cost-Society-and-End-GDP#sthash.SliWcPv6.dpuf
Global GDP has been growing at a declining rate since the Great Recession. While economists point to high energy costs, a decline in productivity, slower growth in the labor force, consumer and government debt, income inequality, and consumer aversion to spending, among other causes, there may be a more far-reaching trend, although still nascent, that explains some of the slowing growth of GDP. It’s called the zero marginal cost phenomenon – See more at: https://www.thefiscaltimes.com/Articles/2014/07/30/Zero-Marginal-Cost-Society-and-End-GDP#sthash.SliWcPv6.dpuf

Global GDP has been growing at a declining rate since the Great Recession. While economists point to high energy costs, a decline in productivity, slower growth in the labor force, consumer and government debt, income inequality, and consumer aversion to spending, among other causes, there may be a more far-reaching trend, although still nascent, that explains some of the slowing growth of GDP. It’s called the zero marginal cost phenomenon…

from Pocket via The Fiscal Times

Gerd Leonhard

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