The Consensus Building of Growth Models

I don't see that we can actually address the environmental problem without having a new type of growth. I would argue that German workers in export-oriented industries were willing to accept some restraint partly because the cost of hiring domestic services was relatively cheap. On the other hand, if you think about the UK's growth model, which is based around consumption and finance and debt, ultimately, in the aggregate, this is not a very sensible model to pursue. But there are enough people who basically bought houses at the right time and taken on debt at theright time that they are definitely orgarounds that are around the protection of that model.