At the end of the first quarter of 2021, the EU’s net financial worth stood at -66.3% of gross domestic product (GDP). This represents a change of -9.1 percentage points (pp) compared with the first quarter of 2020 and a change of +0.1 pp compared with the fourth quarter of 2020. Net financial worth stood at a record low at the end of the fourth quarter of 2020 (-66.4% of GDP).
We don’t need infinite growth, we live on a finite planet. Infinite growth is utopian. What we now have is more like an anti-economy. We’re destroying the planet that sustains live and the natural processes where we are inherently linked to. Time for an RBE?