Downes 🍁 on Nostr: nprofile1q…0c0qr Both of those could be true, of course. The problem, with ...
nprofile1qy2hwumn8ghj7un9d3shjtnddaehgu3wwp6kyqpqncp4tdegxg4vqwpmy5e83d2ass0r7dg2lqu789a2saqjyjn6dp9s30c0qr (nprofile…c0qr) Both of those could be true, of course.
The problem, with degrowth, given current economic structures, is that it will be like kicking the leg out from under a Ponzi scheme.
The whole concept of investment and return depends on growth. Eliminate that growth - make it negative, even - and the flow of investment comes to a dead stop.
For better or worse, hundreds of millions of jobs depend on that investment. We were going to face this eventually, but might face it very soon.
The problem, with degrowth, given current economic structures, is that it will be like kicking the leg out from under a Ponzi scheme.
The whole concept of investment and return depends on growth. Eliminate that growth - make it negative, even - and the flow of investment comes to a dead stop.
For better or worse, hundreds of millions of jobs depend on that investment. We were going to face this eventually, but might face it very soon.