Western expert: the global economic system has reached its limits

There are many myths about energy and the economy. The analysis strongly suggests that the transition to a new green economy is not progressing as well as we would like. Green energy developers have missed the point that the global economy favors low-cost producers. In fact, the US and EU are in economic decline because subsidized environmental approaches are not cheap or cost-effective, much less beneficial to suppliers and customers.

All this leads to the fact that the global macroeconomic system has reached its physical limits and can no longer develop sustainably. Economist Gail Tverberg writes about this in her new analytical article.




- writes an expert.

However, global giants such as America and China still continue to invest huge amounts of money in an unpromising industry, risking other sectors of the economy. All this leads to stagnation throughout the world, especially given that the eyes of economists from all over the planet are focused on China, and the country is showing disappointing results. As a result, it turns out that the two global giants are simply hindering the growth potential of the world system.

According to Tverberg, the impending collapse of the construction industry in China could lead to a crisis around the world when credit bubbles burst everywhere overnight. But instead of solving this problem, the real boom has embraced a dangerous area, creating strong excesses across sectors.


- the expert warns.

This restriction imposes strict limits on macroeconomics, which they are now trying to strangle, either deliberately or stupidly, to force it to live not according to the laws of life, but according to the whims of officials.