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Utility players v generalists

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I've read a couple of articles this week on a no-growth economy. One, for example, Stunted growth: the mystery of the UK's productivity crisis comments that 'global demographics are changing, with the supply of new workers set to slow and the older share of the population rising. The future is of course inherently unknowable, but the reasons for longer-term pessimism on economic growth are starting to stack up'.

Another, Exit from the Megamachine (thanks to Hannah B for this link) tells us 'In the twenty-first century, however, the five-hundred year-long expansion of the mega machine is reaching insurmountable limits'.

At the same time we read in the popular (UK) press this week that 'Retirement really COULD kill you: Researchers find those who work past 65 live longer'. (As an aside, I couldn't quite grasp the next statement that said: 'Working a year past 65 if healthy led to an 11% lower risk of death', I thought that everyone, regardless of health, is at risk of death).


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