Inclusive growth is a myth

Inclusive growth suggests expansion across all sectors and levels of society. At first glance, it seems attractive, but deeper examination reveals its shortcomings.

Firstly, inclusive growth implies uniform development across all sectors. However, if every sector expands at the same rate, it equates to no growth, maintaining the status quo between different social classes.

Secondly, considering communism, which mirrors the concept of ideal inclusive growth, George Orwell's phrase "All animals are equal, but some are more equal than others" highlights the inherent inequality in decision-making within an ostensibly equal society. This suggests that true inclusive growth is a utopian ideal, impractical and incompatible with human nature, as evidenced by the global failures of communism.

Thirdly, the trickle-down theory posits that growth in the upper echelons of society will eventually benefit the lower echelons. Unlike inclusive growth, it allows for varying growth rates across sectors, fostering competition and accelerating development. This approach aligns more closely with human nature and promises swifter progress.

In summary, the concept of inclusive growth, while appealing, is fundamentally flawed and only conceivable in an idealistic scenario.

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