Word: growths
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Dates: during 1970-1979
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...have to try dealing with inflation more seriously than we now are. On the other hand, the Kondratieff upswing requires greatly enlarged investments in energy production and conservation, transport, water conservation and development, pollution control. When economists, politicians and businessmen come to understand that these will be our leading growth sectors, and we act to stimulate private and, where necessary, public investment in these directions, unemployment should be low, our growth rate high...
...nation is undergoing "a turn-around of major magnitude." After a decade in which tax policy was tilted toward achieving various social goals, Ullman observed, the federal taxing powers are about to be shifted to a new priority. Said he: "We are moving toward economically oriented taxation related to growth and capital formation. Capital is perhaps the key to whether we are able to solve our problems of productivity, of competition in world markets, and of inflation...
World Bank President Robert McNamara announced that starting in 1981, the bank will make loans totaling $500 million annually to enable Third World countries to begin oil exploration projects. That, too, should provide a continuing stimulus for growth. A major threat to further gains is the possibility that the developed countries will put up trade barriers against Third World exports. That would be self-defeating, warns the report, because only if the LDCs remain on the upswing can they continue to buy 28% of the manufactured goods exported by the industrial states...
...opposition reflects a doubt that growth, once the watchword of the can-do American philosophy, is good. The skeptics ignore the reality that a slow-growth or no-growth philosophy could kill the promise of upward mobility. That may be acceptable to the middle-and upper-income people who dominate the antinuclear movement. But it would condemn the poor and the jobless to a perpetuation of their have-not status and could well endanger the future of American democracy, in which the social and economic inequalities of the free system are made tolerable by the hope of improvement...
There was no one there to question him about safety hazards; most members of the fourth estate at the convention were uninterested in the issue and dismissed nuclear power as a foregone necessity of the future. Vanderslice emphasized that nuclear power is a necessity for continued economic growth. There was no one who questioned him on the merits of a society whose survival is committed to continual economic growth and consumption in a world of dwindling resources and growing ecological disturbance. In the company of these polyester moguls, such a questioner would have appeared insane...