China bets on consumer-led growth to cure social ills | Reuters: "To expand individual consumption, we should enhance people's ability to consume, keep their consumption expectations stable, boost their desire to consume, improve their consumption environment and make economic growth more consumption-driven."China is desperate to maintain economic growth, and is turning to internal consumerism as a solution. This will mean a wasteful sprawl system that accelerates the destruction of the biosphere. One of the worst consumer products is the private auto. The irony is that consumerism will do nothing to increase equality, there is plenty of proof of that.
Tuesday, March 5, 2013
at 4:01 AM