“Every one of these implicit assumptions has been turned on its head: growth is barely above the rate of inflation; by some measures, it has already fallen below the real rate of inflation.  Debt is increasing much faster than income or wealth. Virtually all of the recent expansion of wealth/income is flowing to the top 10%.  This is why the status quo is doomed: there is no Plan B or even conceptual alternative to the ‘more growth forever‘ agenda.  The oft-touted fantasy is that ‘we’re going to grow our way out of this,‘ but it is abundantly clear that debt is rising far faster than growth or incomes.”

http://charleshughsmith.blogspot.com/2013/06/why-status-quo-is-doomed.html

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