Summary:
The book challenges the conventional wisdom that economic growth is a perpetual norm, arguing that the 2008 financial crisis was a symptom of deeper structural problems. It critiques the failures of standard economic models and policies, suggesting that a sustainable future will require radically different approaches to managing economies and resources.
Key points:
1. End of Steady Growth: Galbraith says the mid-20th century's constant economic growth in advanced economies was unusual. He believes we won't see those high growth rates again due to changes like consumer demand saturation and limited tech innovation.
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