I think the short term problem is Germany and China (in geographical order) - but the long term one is that there is no popularised model for running balanced trade and having actual growth...
That's the key problem to me...
Isn't actual growth simply a term for the creation of more efficient means for living? If so, then presumably, advances in scientific and cultural spheres are in effect actual growth. The balance of trade is only important for distribution. Trade should make things more equitable for all people, in theory.
If we had an endless supply of cheap clean energy, there would be growth no matter what. (One argument that follows from this is that cuts in education are exactly what we shouldn't be doing in a time like this).
reading a prospectus.... I don't know how people do it.
