▲ | mustafa_pasi 2 days ago | |
Imagine two people in a tug of war. One person is determined to pull the other as far as possible to his side. The other person is determined to stay still. Not give in, but also not apply too much effort to pull the other person to his side. Who is going to win? We disagree fundamentally on the dynamics of the worldwide economic system. Growth is necessary. It is imperative for survival. Without growth your "steady state" local economy will be out competed. And especially at a time when Europe's geopolitical relevance is waning and when the world is entering a multipolar world order, we definitely do not want to find ourselves in such a weak situation. China and Japan both ran such centuries long experiments in the past and neither one of those experiments was successful. |