The Illusion of Indefinite Growth and Its Economic Consequences ...Middle East

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The Illusion of Indefinite Growth and Its Economic Consequences
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Economists, actuaries, and others tend to make forecasts as if whatever current situation exists will continue indefinitely or will perhaps improve a bit. No one wants to consider the possibility that things will somehow change for the worse. Politicians want to get re-elected. University presidents want their students to believe that their degrees will be truly useful in the future. Absolutely no one wants to hear unfavorable predictions. The issue I see is that many promises were made during the period between the end of World War II and 1973,…

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