‼️ A blueprint for managed decline
Economist Thomas Piketty and co-authors propose a global justice plan that includes capping growth in wealthy nations like Europe and the US to 0-0.5% annually, reducing work hours, and increasing taxes on the wealthy. The author criticizes this plan, arguing it misinterprets history by separating growth in rich and poor countries, relies on outdated climate science (RCP 8.5), and is politically implausible due to its anti-democratic nature and unlikelihood of public acceptance in Western electorates. AI
