Does the World really need faster growth? The latest political turbulences announce the opposite!

If I were the PM of the UK, I would make the same calls as so-called “Trussonomics”. Why wouldn’t I? I would have to deliver growth after Brexit. Every wise politician would understand it. And yes, if you have a liberal economy, it would come with a price. Libertarians sit on simple terms. The markets should be set free, and there should be minimum state intervention. Free markets will bring growth. Is the question this? Do we really need that growth? Or the public good is hidden at a different corner? A corner where we might meet with Adam Smith to discuss the “Wealth of Nations” again.

Before I go any further, let me introduce my true self.

I am a liberal Democrat. I also believe in sharing economy — a derivative form of the capitalist movement where collaborative commons would be a solid alternative for the capital markets. Technological advances and societal transformation will cause the marginal cost of goods and services to decline to deficient levels at some point in the 21st century. When this transformation reaches a breaking point, we will observe a massive disruption in all walks of life. Simply the essential cost of goods and services will be cheaper and accessible to many as open resourcing and collaboration will do the job. It has already started, and it will only get faster. This is what I believe.

So I will not argue these two things. Innovation and freedom.

I am in favour of any policy that has the potential to boost both.

The current UK government plan makes sense to me.

If I were in charge, I would definitely push hard to bring growth.

On the other hand, I am also globalisation loaded but locally minded.

What the f*ck does this mean? Well, my uprising and education supported me in building an international career and working with different cultures and people. I am very open to being a global nomad. But I also understand the people who are rooted within their communities. When things start to change, it is fearful, if not disturbing. And if the environment is at stake, it is beyond being scary; it is a nightmare.

Here is what happens when people are scared.

Recent polling conducted by Ipsos on the 23rd of September tested Briton’s attitudes toward growth. The results prove that the public has a different view than politicians.

The public is more locally minded, and almost every one in five people thinks growth does more harm than good. They are ready to earn less but stay local.

43% of the respondents think more environmentally protective over speeding up infrastructure projects and investments in construction.

53% agree with the proposition that the government should spend more on health care and pensions than on infrastructure and science.

39% stick with strictly limiting immigration, even if it harms growth by skill shortages.

Strong growth measures would be inevitable in an economy where BREXIT was exercised at such unprecedented times. There are tasks to be done to deliver the desired BREXIT strategy. Governing for growth is at the top of the agenda. I would agree with all the British government’s mini-budget measures. However, it would be hard to persuade people in the UK.

It is also the same anywhere in the World.

Localisation is what many people desire.

So, what will happen to capitalisation and consumption economics?

Will GDP still be the only measure of national growth?

How are we going to define development?

How will the capital markets react?

What next in business?

My short answer is adapting to a mature awareness mindset will make things easier for many of us.

And the definition of it is the whole content of my recently published book. I am also surprised by how fast we have come to this point.

I will dive into this in more detail in the following issues.

I would also love to hear your comments.

Are you locally minded?