12/20/10

"All our current claims systems, the credit outstanding, including government debt, our pension expectations, our savings, our hopes and dreams, are mostly focused on a "there will be more tomorrow" mentality."

"Should this "more" disappear as a possibility, we will likely not just see small implications,
but rather a disruptive destruction of both perceived wealth and security,
accompanied by the shattering of hopes and dreams,
the perception alone which might cause further trouble in our highly complex societies.
 
Choosing to go forward to a world with different aspirations than growth
might have some unexpected positive surprises.
 
But one could argue the worst will happen
if we run into such a world completely unprepared.
 
This is why we urgently need policymakers to face the risk of "no-growth,"
to understand possible implications and to work on transition approaches.
 
I am personally as worried about the risk accompanying awareness of "no more growth"
in the foreseeable future than I am about the reality of no growth."
 
Nate Hagens

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