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Life After Growth: How the global economy really works - and why 200 years of growth are over by Tim Morgan

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Chapter 14: An End or a Beginning?

THE TRANSITION TO AN ex-growth economy is going to impose changes (and related stresses) on a scale far beyond all previous experience. The degree of success that is achieved with mitigation and adaption will depend to a significant extent on how governments respond, but will be determined also by the even less predictable effects of public psychology.

Anyone who has studied the dynamics of government will struggle to avoid the conclusion that governments are self-perpetuating institutions whose almost automatic instinct, in any adversity, is to prioritise their own survival and that of established institutions. This instinct is already driving policies across the world in the face of threats to the status ...

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