SS: reductions in economic growth tend to lead to reductions in support for liberal democracy, particularly as Nations shift their budgets to less productive areas. This finding is crucial for discussing how we can get out of this mess in the long-run 8_ growth really has become stagnant in recent decades
Posted by _Un_Known__
3 Comments
https://preview.redd.it/4hq5rnoxa3fg1.png?width=1440&format=png&auto=webp&s=7a338c5ff42ab2f7dcd08b9548606b7c16871302
https://en.wikipedia.org/wiki/Betteridge's_law_of_headlines
If WWII is any sign, the economic growth that will revive democracy will be the growth generated from rebuilding everything after everything was destroyed by war.
There is no magic button to revive growth, and geopolitical conditions are actively hostile to growth now due to trade and political instability. The most likely outcome is violence followed by rebuilding and a new post-war order that addresses the worst issues of the preceding one.
Welcome back to the 1930s, folks. Let’s hope the 2030s don’t get quite as bad as the 1940s.