The Great
Stagnation: In «Why the global economy may be doomed to lower growth — maybe forever,» Simone Foxman gives four reasons why
economic growth may be
much slower in the future: scarce resources, an aging labour force, stagnant technology growth and externalities from climate change.
The overcast skies and ominous clouds evoke not so
much some picturesque, romantic transcendence as the polluted air of wrongdoing that looms over a people who have had to go about their daily lives through decades of political upheaval, moral corruption, and
economic stagnation, crushed beneath a burden of guilt, humiliation and worn out pride.