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Climate change and confusing ‘economic activity’ with ‘economic prosperity’

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Climate change and confusing 'economic activity' with 'economic prosperity'

The problem is that the politicians who claim to “manage” our economy have confused the short-term benefits of “economic activity” with the long-run benefits of “economic prosperity”. While spending billions of dollars building something (anything) will inevitably create some jobs, what determines our long-term economic prosperity is the usefulness of what was built, not the number of people who built it.

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