Challenging Growth Narratives

This chapter critically examines the declining economic growth trends post-war in the U.S. and Europe, disputing common views on the relationship between growth, interest rates, and environmental impact. It emphasizes the historical context of economic growth measurement and reveals a counterintuitive correlation where high growth can actually lead to higher interest rates. The discussion extends to the detrimental effects of international financial institutions on developing nations and the call for decentralized banking solutions and local financial systems.