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> The reality is we're getting poorer pretty fast I think this will happen in most places for many reasons - the enormous debt is not just a European problem i
by weatherlite 4y ago
> The reality is we're getting poorer pretty fast
I think this will happen in most places for many reasons - the enormous debt is not just a European problem it's also an American and Chinese problem. Also declining demography, ESG investing and scarce energy resources and bunch of other problems it's not looking great.
If we all just peacefully accept that standards of living have to go down for everyone (climate change is also a hint that we've pushed too far) maybe we can find some path forward.
- Kon-Peki 4y ago> If we all just peacefully accept that standards of living have to go down for everyone Alternatively, we could all just agree that "standard of living" != "GDP". In the old days, measuring GDP was a lot easier than measuring the standard of living. They were highly correlated, so we used it as a proxy. But now, it's outdated, and it has been for 50+ years.