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When the Money Runs Out

The End of Western Affluence
in: Economics
Summary:

The book explores the economic and social challenges facing Western economies due to slowing growth, rising debt, and the unrealistic expectations of continuous prosperity. It delves into the potential consequences of these issues, including diminished living standards and increased political tensions, while questioning the sustainability of current economic policies.

Key points:

1. End of Easy Growth: Western economies can no longer rely on the factors that previously drove high growth, such as tech advances, demographic shifts, and debt. This may lead to stagnation or decline.

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