In a normal society, growth in population or an anticipated growth is planned and provided for. Therefore, increase in population equal increase in services and increase in productivity, if they are provided for. Here increase in cost is paid for by increase in productivity. A country loses nothing if she planned and make provision. But when a country does not plan, continue to cut costs in the face of increasing population and without making provision for increase services, things become worse in society.
This simple economics is what successive Governments in African countries and now among many advanced countries, who supposed to know better, over the years failed to heed. For this, some of the advanced countries, the UK among, are now sliding into the bracket of failed countries in avoidable austerity amidst of plenty. ————Coming Story————-