"The honest answer is that Europe will need to reduce aggregate material demand. [...] This means explicit policies for sufficiency: caps on resource-intensive consumption, progressive redistribution to maintain legitimacy under constraint, and industrial policy that prioritises resilience over scale.
Long, thoughtful read on the mighty Hans Stegeman on #Europe's struggles to move from a world of guaranteed stability and economic expansion to whatever the hell this is.
https://hansstegeman.substack.com/p/51-europes-misplaced-certainties
