this post was submitted on 09 Aug 2023
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In previous downturns the world turned to China as an engine of growth – this time that driver may not be there (www.theguardian.com)
submitted 2 years ago by RandAlThor@lemmy.ca to c/worldnews@lemmy.ml
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[–] knfrmity@lemmygrad.ml 17 points 2 years ago (2 children)

The western world could also turn to investment in development and quality of life and do away with downturns.

[–] HobbitFoot@thelemmy.club 0 points 2 years ago* (last edited 2 years ago) (1 children)

That is what the infrastructure bill is technically doing in the US.

[–] Parsani@hexbear.net 3 points 2 years ago

That bill is peanuts compared to what needs to be spent, and much of it will be siphoned off the top by capital