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Slow growth

Nov 28, 2021

GDP growth averaged about 4% sixty years ago but has gradually declined to averaging about 2% recently.

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The slow growth has kept interest rates low, which has resulted in high stock prices for the rich (but low wages for the poor).

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Steven Welzer
Steven Welzer

Written by Steven Welzer

A Green Party activist, Steve was an original co-editor of DSA’s “Ecosocialist Review.” He now serves on the Editorial Board of the New Green Horizons webzine.

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