The previous historic rate was 10% growth. That was revised down to 7% (you seem to indicate its grown). going forward, we are probably looking at 5% growth going forward.
developing countries have much higher rates of return.
its true you can collect a lot off interest if you have 3 million $. but if that is all you do, inflation is going to tear you apart. you might be fine, but the next generation you leave everything to wont be so well off. a few generations and its nothing to write home about.
so if you want growth in a developed economy, you need to be entrepreneurial, and you need to take risks. thats the spirit of capitalism.
The previous historic rate was 10% growth. That was revised down to 7% (you seem to indicate its grown). going forward, we are probably looking at 5% growth going forward.
developing countries have much higher rates of return.
its true you can collect a lot off interest if you have 3 million $. but if that is all you do, inflation is going to tear you apart. you might be fine, but the next generation you leave everything to wont be so well off. a few generations and its nothing to write home about.
so if you want growth in a developed economy, you need to be entrepreneurial, and you need to take risks. thats the spirit of capitalism.