Wednesday, October 20, 2010

The Tyranny Of Growth

The Tyranny Of Growth

Three decades of financial sector bailouts have been bad enough in external costs, notably by imposing unaffordable asset prices on all of us. But the most toxic legacy of the bailout culture has been to breed unsustainable assumptions of permanent growth. These now threaten to demolish the whole political and social framework.

Posted by paul amery @ 12:56 PM (744 views)
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