The Dutch citizen has been grotesque stitched by successive governments. There's a 'historically deep recession' coming. I had such a dark brown suspicion and yes. According to RaboResearch economists, with a 6 percent decline in GDP, it will become even the deepest dip in a hundred years. Those of De Nederlandsche Bank also see it obscure and the CPB is not optimistic either. Elsewhere it is expected to deteriorate even harder, but that is a small consolation.

According to the prevailing paradigm (growth is good, shrinkage is bad) the situation is therefore bad. But perhaps we should ask ourselves whether it is right that we have made GDP the measure of all things.

Not quite by chance I just #Fantoomgroei by former Volkskrant journalist Sander Heijne and Hendrik Noten, an absolute must. Heijne and Noten are not economists, but they have gone deep into the phenomenon of growth and explain in clear language what is wrong with it.This: Most citizens do not notice any economic growth at all. For them, it's phantom growth.

II have been wondering for years how it is possible that in an increasingly richer country like the Netherlands we are faced with cuts and burdens to annoyance. Why care, culture, education and other sectors in the public domain were rigorously stripped out and cut down after the previous recession.

Heijne and Noten's answer is disconcerting. Over the past forty years, since the Lubbers' Wassenaar Agreement of 1982, austerity has been systematically passed on to citizens and public spending. Successive governments always put economic growth and the interests of big business above the prosperity and well-being of the population.

The result was that in the big companies the money 'cracked against the baseboards, that inequality increased sharply and the viability of life decreased. That CEOs and shareholders filled their pockets, but that citizens barely noticed the spectacular growth rates and saw the quality of public services deteriorating. That market forces became an ideology and we 'have to work harder for less and less', that young people were deprived of the perspective of a permanent job and a home.

That economic growth led to social contraction.

Warning: reading Phantom Growth makes you furious. The Dutch citizen has been grotesque stitched by successive governments. Suddenly you understand how revolutions come about.

The question now is, how are we going to cope with the shrinkage and growth of public debt? In The Hague, they are undoubtedly already looking at the Ministry of Finance where cuts can be made and what burdens can be raised. And how in doing so business can be avoided.

Mark Rutte is a fine manager of virus outbreaks, but not a man who likes to think about a different economic structure than the existing one. Even if everything indicates that we can no longer continue on the current road and it is an excellent moment to change the helm. His now-Zealand colleague Jacinda Ardern, who is now a sacred New Zealand colleague, does: 'Economic growth leading to poor social outcomes is not a success. It's a failure.” It wants to abandon the sacred belief in growth rates and base its policy on indices that focus on the welfare of the population.

Sounds obvious, but it's not.
Bert wagon village




We are grotesque sewn