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Date of Publication: April 5
Year of Publication: 2019
Publication City: Jersey City, NJ
Publisher: Forbes
Author(s): Jeff McMahon
The world economy is based on ever-increasing population, said Nobel laureate Steven Chu, a scheme that economists don’t talk about and that governments won’t face, a scheme that makes sustainability impossible and that is likely to eventually fail.
“The world needs a new model of how to generate a rising standard of living that’s not dependent on a pyramid scheme,” Chu said at the University of Chicago.
Chu didn’t specify what that new model would look like, but he offered a solution to the population growth the current one relies on.
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