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Degrowth Demands Caution
Degrowth presents significant challenges due to the existing financial overhang, which constitutes a claim on real resources in the future, raising concerns about economic stability. Transitioning away from the current intricate global economy, reliant on just-in-time supply chains, proves difficult and potentially hazardous, much like reversing a vehicle into obstacles. Moreover, if degrowth were to be intentionally adopted, the ensuing scarcity could provoke conflict and violence, further complicating the shift toward a sustainable economy.