I never thought that I would agree with Bill Gates in his assessment of the current economic situation (or anything for that matter!).
He remains optimistic in that there will be a solution and that this temporary "stagnation" (as opposed to a "down-turn") will eventually sort itself. He was hinting, but didn't come out and say directly, that a global economy that is based on perpetual growth is not sustainable. The extension of the debt crisis is fueled by the desire to return to a situation of growth.
Perhaps the "stagnation" is the new normal.
This was probably something that Bill was saying as part of his Foundations work on Sustainability.
He remains optimistic in that there will be a solution and that this temporary "stagnation" (as opposed to a "down-turn") will eventually sort itself. He was hinting, but didn't come out and say directly, that a global economy that is based on perpetual growth is not sustainable. The extension of the debt crisis is fueled by the desire to return to a situation of growth.
Perhaps the "stagnation" is the new normal.
This was probably something that Bill was saying as part of his Foundations work on Sustainability.
- Q&A: Bill Gates on the World’s Energy Crisis By Chris Anderson, Wired, June 20, 2011
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