<div dir="ltr"><br><div class="gmail_quote">---------- Forwarded message ----------<br>From: <b class="gmail_sendername">Nurul E</b> <span dir="ltr"><<a href="mailto:ne_atl@onebox.com">ne_atl@onebox.com</a>></span><br>Date: Fri, Aug 18, 2017 at 3:02 AM<br>Subject: FYI - Is Productivity Growth Becoming Irrelevant?  by Adair Turner - Project Syndicate +<br>To: <br><br><br><p dir="ltr">Former UK financial regulator opines</p>
<p dir="ltr">Is Productivity Growth Becoming Irrelevant? by Adair Turner - Project Syndicate</p>
<p dir="ltr"><a href="https://www.project-syndicate.org/commentary/productivity-growth-becoming-irrelevant-by-adair-turner-2017-07" target="_blank">https</a><a href="https://www.project-syndicate.org/commentary/productivity-growth-becoming-irrelevant-by-adair-turner-2017-07" target="_blank">://www.project-syndicate.<wbr>org/commentary/productivity-<wbr>growth-becoming-irrelevant-by-<wbr>adair-turner-2017-07</a></p>
<p dir="ltr">"Look around the economy, and it’s striking how much high-talent manpower is devoted to activities that cannot possibly increase human welfare, but entail competition for the available economic pie.</p>
<p dir="ltr">Such activities have become ubiquitous: legal services, policing, and prisons; cybercrime and the army of experts defending organizations against it; financial regulators trying to stop mis-selling and the growing ranks of compliance officers employed in response; the huge resources devoted to US election campaigns; real-estate services that facilitate the exchange of already-existing assets; and much financial trading.</p>
<p dir="ltr">Much design, branding, and advertising activity is also essentially zero-sum. It is certainly good that new fashions can continually compete for our attention; choice and human creativity are valuable per se. But we have no reason to believe that 2050’s designs and brands will make us any happier than those of 2017.<br>
Such zero-sum activities have always been significant. But they grow in importance as we approach satiation in many basic goods and services..."</p>
<p dir="ltr">Regards, </p>
<p dir="ltr">  - Nurul<br></p>
<p dir="ltr">---- bonus links ----</p>
<p dir="ltr">The Economist Who Predicted Trump and Brexit Explains How Baby Boomers Ruined Everything</p>
<p dir="ltr"><a href="https://pocket.co/xQMSxy" target="_blank">https</a><a href="https://pocket.co/xQMSxy" target="_blank">://www.gq.com/story/mark-<wbr>blyth-economics-interview</a></p>
<p dir="ltr"><a href="https://www.youtube.com/watch?v=Bkm2Vfj42FY" target="_blank">https</a><a href="https://www.youtube.com/watch?v=Bkm2Vfj42FY" target="_blank">://www.youtube.com/watch?<wbr>v=Bkm2Vfj42FY</a><br><br></p>
</div><br><br clear="all"><div><br></div>-- <br><div class="gmail_signature" data-smartmail="gmail_signature"><div dir="ltr"><div><div dir="ltr"><div>Check out the Commons Transition Plan here at: <a href="http://commonstransition.org" target="_blank">http://commonstransition.org</a>  </div><div><br></div>P2P Foundation: <a href="http://p2pfoundation.net" target="_blank">http://p2pfoundation.net</a>  - <a href="http://blog.p2pfoundation.net" target="_blank">http://blog.p2pfoundation.net</a> <br><br><a href="http://lists.ourproject.org/cgi-bin/mailman/listinfo/p2p-foundation" target="_blank"></a>Updates: <a href="http://twitter.com/mbauwens" target="_blank">http://twitter.com/mbauwens</a>; <a href="http://www.facebook.com/mbauwens" target="_blank">http://www.facebook.com/mbauwens</a><br><br>#82 on the (En)Rich list: <a href="http://enrichlist.org/the-complete-list/" target="_blank">http://enrichlist.org/the-complete-list/</a> <br></div></div></div></div>
</div>