Moody’s has lowered its outlook for the European Union’s AAA credit rating to “negative” and warned that the bloc’s rating could be downgraded.
Charles Eisenstein speaks about the limits of economical growth and the need for negative growth. When articles like this are written and read it is presumption that economic growth is a good thing. However if you are willing to examine that assumption then you may find that these downgrades are actually signaling that economies are trying to move into a healing cycle. If this is the case, how wondeful would it be if we could embrace these signals and the changes they describe. How devastating has it been that we’ve ignored them so far? How dangerous is it to continue ignoring and oppose them?