Peter,
"how is it, generally (philosophically or whatever), that increasing consumption can make people better of?....Am I making sense to anyone but myself?"
You're making a lot of sense to me. That is one important reason why it is a mistake for countries to adopt the export-driven economic model as the path the "development". We end up with countries supporting projects which make absolutely no economic sense, which aren't responding to actual demand, whose basic raison d'etre is to get market share to "take over" or be a "major player" in an industry. Yes, they employ a lot of people where the "company" is located, but carried to the extreme that it is carried to, it eventually wrecks the industry. The DRAM business is perhaps the most extreme example, but it is salutary to look at it. There are plenty of others, from steel and various heavy manufacturing businesses to TVs and consumer electronics. The moribund Japanese economy is what is in store for us all if this model is consistently followed. |
