The staff here has long wondered why so much economic theory is predicated on continual growth. Growth in demand, growth in population, growth in production, growth in exports.
There must be a way in which our country can be economically successful without being dependent on continual growth.
Can the new normal be a point at which citizens’ needs are met and businesses profit without relying on a million new customers a year?
Some economist think so and they’re starting to talk about it publicly.
NYTimes: A Permanent Slump?