Capitalism without growth generates massive inequality, as those who already have political connections and wealth manipulate the system to control ever-bigger pieces of an ever-shrinking pie. The result tends in the direction of social explosions. Three, of many, examples of how it can go to pot are the anarchist movements within the United States during the Great Depression, the rise of Donald Trump in the Rust Belt as a reaction to the region’s deindustrialization, and the general societal collapse of the Lebanese Civil War.
