The Race to the Bottom

From: Monbiot’s The Lost World column:

Accommodation makes sense only if the economy is reaching a steady state. But the clearer the vision becomes, the further away it seems. A steady state economy will be politically possible only if we can be persuaded to stop grabbing. This in turn will be feasible only if we feel more secure. But the global race to the bottom and its destruction of pensions, welfare, public services and stable employment make people less secure, encouraging us to grasp as much for ourselves as we can.

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