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I think the author here has made one big mistake here though: there are multiple ways that economic growth can stall. Sure, it could be caused by policies push
by Turskarama 3y ago
I think the author here has made one big mistake here though: there are multiple ways that economic growth can stall.
Sure, it could be caused by policies pushing money from growth into more sustainable and socially conscious policies, but I haven't seen a whole lot of evidence of this.
I suspect the real reason is simply that the economy has pivoted away from innovation and production and into rent seeking. I see quite a lot of evidence of this, one of the biggest being the increasing focus on property investment (existing property rather than construction) and ponzi schemes like crypto.
The degrowth we are seeing isn't due to any deliberate push for degrowth, it's just capitalism eating itself.