The Western world has experienced extraordinary economic progress throughout the last six decades a prosperous period so extended that continuous economic growth has come to seem normal. But such an era of continuously rising living standards is an historical anomaly economist Stephen D. King warns & the current stagnation of Western economies threatens to reach crisis proportions in the not-so-distant future. Praised for the dose of realism" he provided in his book " Losing Control" King follows up in this volume with a plain-spoken assessment of where the West stands today. It's not just the end of an age of affluence he shows. We have made promises to ourselves that are only achievable through ongoing economic expansion. The future benefits we expect
- pensions healthcare & social security for example
- may be larger than tomorrow's resources. & if we reach that point which promises will be broken & who will lose out? The lessons of history offer compelling evidence that political & social upheaval are often born of economic stagnation. King addresses these lessons with a multifaceted plan that involves painful
- but necessary
- steps toward a stable & just economic future."