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That is one part. The second part why capitalism was so successful in post ww2 was exponential global population growth. This is NOT sustainable, especially whe
by 88840-8855 4y ago
That is one part. The second part why capitalism was so successful in post ww2 was exponential global population growth. This is NOT sustainable, especially when you want to reduce resource consumption per person. The post ww2 capitalism led to growth because the resource consumption per person increased.
Stagnating populations and the goal of sustainability will lead to economic stagnation.
To add to the actual article: Well, this is the price of democracy. People voted, now they have to pay. This is democracy! Populism instead of technocracy. Instead of doing the right thing, the majority decides the direction. And further, you want to support corrupt Ukraine and punish evil Russia? Then you gotta pay, too. We will see how long this "value driven politics" approach will work with the Western majorities and how long it takes until yet another populist is elected fully democratically who promises so much good stuff and in the end just delivery crap like Brexit.
I personally lost the trust in our Western system and stopped voting.