{"id":22087,"date":"2016-10-23T16:55:02","date_gmt":"2016-10-23T21:55:02","guid":{"rendered":"http:\/\/olduvai.ca\/?p=22087"},"modified":"2016-10-23T16:55:02","modified_gmt":"2016-10-23T21:55:02","slug":"ungovernability","status":"publish","type":"post","link":"https:\/\/olduvai.ca\/?p=22087","title":{"rendered":"Ungovernability"},"content":{"rendered":"
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Ungovernability<\/a><\/h3>\n<\/div>\n<\/header>\n
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\nInge Morath\u00a0Street Corner at World\u2019s End London<\/b>\u00a01954\u00a0<\/center>Over the summer I introduced a two-fold assertion: 1) global economic growth is over (and has been for years and won\u2019t come back for many more years) and 2) the end of growth marks the end of all centralization, including globalization. You can read all about these themes in\u00a0\u201cGlobalization Is Dead, But The Idea Is Not\u201d<\/a>\u00a0and\u00a0\u201cWhy There is Trump\u201d<\/a>\u00a0There are also extensive quotes of the second essay in wicked former UK MI6 spymaster Alastair Crooke\u2019s\u00a0\u201c\u2018End of Growth\u2019 Sparks Wide Discontent\u201d<\/a>.<\/p>\n

When I say \u2018the end of growth\u2019, I don\u2019t mean that in a Limits to Growth kind of way, or peak oil or things like that. Not because I seek to invalidate such things, but because I mean economics, finance only. Our economies simply ceased growing, and quite a few years ago. The only reason that is not, and very widely, recognized is the $21 trillion and change that central banks have conjured up ostensibly to kickstart a recovery that always remains just around the corner.<\/p>\n

That those $21 trillion will have massive negative effects on all of us is not my point either right now. Just that growth is gone. And that\u2019s hard enough to swallow for a system that\u2019s based uniquely on that growth. That is what this \u2018essay\u2019 is about: what consequences that will have.<\/p>\n

All that said, I don\u2019t have the idea that too many people are willing to accept the notion of the end of eternal economic growth (let alone right this minute), nor of globalization\u2019s demise. Which may be partially understandable, but not more than that. Instead, quite a few people may honestly feel that the end of growth will make \u2018leaders\u2019 try for more, not less, centralization\/globalization, but that, if it happens, is temporary. Unless, as I wrote earlier, we see dictators in the west.<\/p>\n

…click on the above link to read the rest of the article…<\/p>\n<\/div>\n<\/div>\n","protected":false},"excerpt":{"rendered":"

Ungovernability Inge Morath\u00a0Street Corner at World\u2019s End London\u00a01954\u00a0Over the summer I introduced a two-fold assertion: 1) global economic growth is over (and has been for years and won\u2019t come back for many more years) and 2) the end of growth marks the end of all centralization, including globalization. You can read all about these themes […]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_monsterinsights_skip_tracking":false,"_monsterinsights_sitenote_active":false,"_monsterinsights_sitenote_note":"","_monsterinsights_sitenote_category":0,"footnotes":""},"categories":[2,5],"tags":[5582,244,5376,279,391,12291,660,13924,5177,10522],"class_list":["post-22087","post","type-post","status-publish","format-standard","hentry","category-economics","category-geopolitics","tag-brexit","tag-economics-2","tag-election","tag-eu","tag-growth","tag-hillary","tag-putin","tag-raul-ilargi-meijer","tag-the-automatic-earth","tag-trump"],"_links":{"self":[{"href":"https:\/\/olduvai.ca\/index.php?rest_route=\/wp\/v2\/posts\/22087","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/olduvai.ca\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/olduvai.ca\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/olduvai.ca\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/olduvai.ca\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=22087"}],"version-history":[{"count":1,"href":"https:\/\/olduvai.ca\/index.php?rest_route=\/wp\/v2\/posts\/22087\/revisions"}],"predecessor-version":[{"id":22088,"href":"https:\/\/olduvai.ca\/index.php?rest_route=\/wp\/v2\/posts\/22087\/revisions\/22088"}],"wp:attachment":[{"href":"https:\/\/olduvai.ca\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=22087"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/olduvai.ca\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=22087"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/olduvai.ca\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=22087"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}