I woke to a BBC program discussing economic growth and if the growth rates we’ve seen in the last 50 years are sustainable.
The real question is what sort of growth.
Much of that growth, particularly in the last fifteen or so years, has been a debt fueled binge on household goods and speculative assets.
Perhaps what we’re returning to is sustainable growth, where the economic engine is provided by things like improved health care, business productivity and real innovation.
Do we really need three thousand mile Caesar salads, three cars and a DVD in each bedroom to be the drivers of our economy?
Paul Wallbank is a speaker and writer charting how technology is changing society and business. Paul has three regular technology advice radio programs on ABC, a weekly column on the smartcompany.com.au website and has published six computer books.
Since 1995 Paul has setup and run four business including PC Rescue which he grew to be a national IT support business. Paul currently works with government and businesses to help them navigate the challenges and opportunities of the new digital economy. 