Economic growth and productive investment are requisites for improving the wellbeing of people in a socialist vision; redistribution of the existing wealth is certainly necessary, but it is insufficient to create the material conditions that permit a whole society to lead a healthier, more educated and cultured life.
For decades social democrats allied with left-leaning conservatives in a consensus that with growth, everyone wins. But this obscured the fact that the fundamental problem within an advanced Western economy is one of distribution. This is distribution of power and wealth as much as income: our businesses are as dictatorial as North Korea, our unions are hobbled and disempowered,The elimination of human suffering caused by material scarcity and inequality requires the development of science and technology and an anticapitalist vision of economic growth. Many progressive activists today are skeptical of material growth, for ecological reasons and a concern with consumerism. But this often confuses consumption for its own sake and as a status symbol with the legitimate popular desire to live a better material life, and wasteful and ecologically damaging economic growth with economic growth as such.
Is material progress required for socialism? — jamalrob
Is it required for human beings generally?
Can environmental problems best be overcome with more, or less, economic growth?
And are these issues connected with wider cultural, moral and philosophical notions of progress?
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