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> Stagnation of global economic growth, which is what most of the declaration pushes for, leads to poverty You got it backwards. The race to the bottom starts
by bigbadfeline 11mo ago
> Stagnation of global economic growth, which is what most of the declaration pushes for, leads to poverty
You got it backwards. The race to the bottom starts with redistribution to the top which leads to lower standard of living and poverty which lead to reduction of funded demand (lack of customers who can afford to pay) and that causes stagnation.
- andsoitis 11mo agoStagnation happens when societies no longer take big risks. Optimizing for safety is an example of capping risk taking.