The End of Growth Wouldn't Be the End of Capitalism
By Noah Smith
With the U.S., Japan, and Europe facing lost decades and hundreds of millions of frustrated middle-class workers, it's worth asking: How much does capitalism need growth to survive?
Everywhere we look, economic stagnation is staring us in the face. The United States seems headed for a "lost decade" (some would say our second in a row), Europe and Japan are doing arguably even worse, and economists like Robert Gordon are proclaiming the
"end of growth."
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