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It seems that this strawman is triggered by a rather convoluted reasoning : If we recognise that the planet is finite, this means we have to consume less resources If we consume less resources, this means austerity anyone who thinks this is the same as the monetarist economists who are strangling Europe. Both 2 and 3 are non sequiturs.
No, the argument is that:
This may well be the last purely demand-side crisis for the foreseeable future. But it is a purely demand-side crisis. Pretending that it is a supply-side crisis concedes a point to your enemies that you should not be conceding until and unless a rational response to the crisis absolutely requires you to.
- Jake Friends come and go. Enemies accumulate.
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