We'll Keep Hearing About a Global Recovery That Isn't Real

We live in a non-linear world, and that means, among other things, rate of change governs everything whether we consciously perceive this or not. Sometimes tampering with the slope leads to immediate reaction. More often, changes in the rate of change aren’t easily appreciated in the here and now, playing out instead over prolonged periods of deep debate and, if left unchecked, division.

If anyone actually cared, I’d tell them that maybe the only ironclad rule in political economics, as it used to be known, is that the rate of change in economic growth contributing to the same in living standards is, over time, inversely proportional to the rate of change in that system’s political and social makeup.

 

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