Saturday, 3 December 2011

Who needs productivity?

Governments - especially European governments - are concentrating on climbing out of the pit of the financial crisis. All that is on their mind is quantitative easing (printing money), interest rates and debt reduction.

All this is necessary ... but not sufficient.  In the longer-term, the only solution to the problem is increased productivity.  But governments don't have time.  They are fighting the fire, not refilling the extinguisher.

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