TheEuro crisis and economic growth

If or when the dust finally settles on the economic crisis the world will probably look like quite a different place.  Yet all the proposed policies are designed to try to restore a golden age of prosperity which will probably never return.

The challenge should be to control our destiny so as to have a society in which everyone has a comfortable life but one that is not based on so many material things.

The probable root cause of this crisis, Europe and worldwide, is that we have used up a lot of resources, or at least those resources which were easily accessible.

The shortage of resources is bound to have an effect on our economy and one likely result is that most if not all the world will become a series of third-world economies with most people living at a subsistence level.

The most formidable obstacle to resolving the crisis is our commitment to the religion of economic growth.

Economic growth is no longer an option and efforts to revive it are doomed to failure.  Our best hope for the future is to put our energies into finding an economic model in which our well-being does not depend upon growth.

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