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Media Type: Article - Recent
Publication Info: Forbes
Date of Publication: Apr 5, 2019
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.