In the past week alone, a gauge of U.S. manufacturing unexpectedly fell to its weakest reading in a decade and payrolls at private companies grew less than forecast. Economists are starting to wonder whether the U.S. has approached so-called stall speed, the slowest pace of growth without careening into a recession. The International Monetary Fund, meanwhile, will likely downgrade global growth estimates this month.
The Most Revolutionary Act
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The US may have to start playing nice, for a change. The other tactics haven’t worked.
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I honestly believe it’s too late to start playing nice, Katherine. The US capitalist class could possibly save itself by ending all illegal foreign wars, legalizing all illicit drugs and ending the debt-base monetary system (in which 98% of our money is created by private banks when they issue loans). Clearly they’re not going to do any of these things.
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“….. Economists are starting to wonder whether the U.S. has approached so-called stall speed, the slowest pace of growth without careening into a recession……”
Isn’t it good for the environment if there is less growth?
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This is true, Aunty. Low growth or preferably no growth is better for the environment. At the same time, there needs to be a planned transition to a no growth economy. At the moment a lot of people lose their jobs when growth declines – there must be some plan to make sure they are taken care of financially if no work can be found for them.
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