Two fundamental questions for deciding economic policies

Strategic economic policy choices depend on the answers to two fundamental questions: What should productivity gains be used for? They can be used to reduce the employment rate (for example by lowering the retirement age), reduce annual working time, increase real wages or increase earnings. The choice between these four possibilities is open; what is not possible is to use productivity gains to achieve several of these objectives at the same time (e.g. lowering the retirement age and reducing working time and increasing wages); Does the government spend and invest more efficiently than the private sector? If the answer is yes, then the weight of public spending in GDP and the tax burden may continue to increase in parallel. But there should be serious analysis of the relative efficiency of the government and the private sector for each type of spending and investment.