In Search of a Major Technological Breakthrough. Part I. Degrowth: The Uncomfortable Truth Behind the Green Revolution

4 min read

Since 1971 we have been living in an age of price mega revolution with the average annual rates of inflation reaching their historical peaks in developed economies: +5.3% in the United Kingdom, +4.0 in the United States, and +5.2% in OECD economies. When your best way to solve economic problems is inflation, this directly implies that there is something wrong with rates of technological progress. There is so much talk about wonderful scientific and technological discoveries, while in reality the growth rate of labor productivity has been steadily declining since the early 1970s. A rising number of U.S.-listed firms that…...

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Olegs Jemeljanovs, PhD, CFA A seasoned professional in the field of financial markets, investments and economic analysis with the crucial mix of private and public sector experience (large international lenders, private boutique banks, ministry of finance, central bank, financial regulator). Able to cover macroeconomic and microeconomic trends, short-term market moves and long-term economic cycles, the role of biology and psychology in finance. Have held both front-office, sales and analytical positions. If you want complex economic, financial, political, historical, sociological and psychological concepts to be explained in a simple and accessible way then you have certainly found the right website. If your consider the sense of humor to be important then you have definitely found the right man.