![[personal profile]](https://www.dreamwidth.org/img/silk/identity/user.png){kind=small}
rfmcdonaldWith Brexit set to diminish the prospects of the British economy and Trump's policies seeming likely to harm the United States, there seems a real prospect of all of the rich countries of the world remaining stuck, with stagnant living standards and growing inequality. Less rich countries also face similar problems, with Russia and Brazil at best bottoming out their declines and China heading who knows where. The big economic boom that began after the Second World War and continued, with varying geographic emphases, even after the 2007-2008 financial crisis might be coming to an end.
Do you think it will? What do you think the consequences might be? People who feel themselves being immiserated, I would note, are often people who make more narrow and less generous choices politically and socially. I hate to raise the spectre of the 1930s gratuitously, but are we in fact heading for an epoch like this? (And then what next?)
Do you think it will? What do you think the consequences might be? People who feel themselves being immiserated, I would note, are often people who make more narrow and less generous choices politically and socially. I hate to raise the spectre of the 1930s gratuitously, but are we in fact heading for an epoch like this? (And then what next?)
