Читать книгу Sustainable Futures - Raphael Kaplinsky - Страница 22

Two factors explain the decline in the rates of productivity growth, economic growth and investment. As I have already observed, the first is that these outcomes result from the atrophy of the Mass Production paradigm which entered its maturity phase in the mid-1970s, and I will discuss this critical development in detail in Chapter 5. The second determinant of the slowdown, which I will discuss in the remainder of this chapter, was the neo-liberal policy response to the underlying slowdown in the growth trajectory of Mass Production. Neo-liberalism not only exacerbated the underlying problems of Mass Production, but also increasingly fuelled systemic inequality, the precarity of livelihoods and the fragility of economic systems. All of these, as we will see in the following chapter, contributed to the erosion of liberal democracies and the rise of populist politics, further undermining the sustainability of future economic growth.