Humans just do not live by bread alone. But to climb the steps leading to total welfare, somewhere that equilibrium between work and consumption has to be achieved
The North will stagnate, South will grow, and the multinationals, aided by World Bank ideologues, will exploit the poorer countries for their own survival
It is argued in this short note that a tradeoff is involved here between shortand long term economic growth. Underpricing of electricity for economic growth provides short term economic growth but hits at long term economic growth.
