Growth and prosperity

An interesting article from Spiked discusses the "paradox of prosperity", and argues it is not really something to worry about:

Contemporary critics of consumerism and popular prosperity are obsessed with what they see as a paradox. A central theme of their arguments is that economic growth does not make people happier. In their view, the pursuit of mass affluence is at best futile and is probably responsible for making humanity miserable. Often the growth sceptics argue that the pursuit of material goods is akin to a disease: they say the developed world is suffering from ‘affluenza’ or ‘luxury fever. Typically they conclude we should not attempt to become richer and often they argue for the pursuit of alternative social goals such as mental well-being.

Ben-Ami argues that:

The rise of mass affluence is an incredibly positive development. It has bolstered the quality of people’s lives enormously. But there never was any guarantee that such progress would bring happiness. One of the most positive qualities of human beings is that they often want more than they have got. They typically want the lives of their children and grandchildren to be better than their own. The growth sceptics would have us stay where we are or even retreat to living a life of lower living standards.

This is the section strikes me as particularly true:

What the growth sceptics identify as a lack of happiness can, at least in part, be more accurately described as social pessimism. There is no longer a sense that the future can be better than the present. On the contrary, potentially positive developments, such as technological or scientific advance, are routinely viewed with foreboding. Under such circumstances, it is no wonder that survey data sometimes appears to indicate that people feel miserable. The happiness pundits themselves have taken on the idea that, at least in material terms, the future cannot be better than the present.

Good reading.