The Biggest Ponzi Scheme of All

A recent piece by Thomas Friedman in the New York Times reminded me of this more thoughtful and linkful piece that Tim O'Reilly wrote back in January. The thesis is essentially that the accepted norm of 'growth is good' for economies is coming to an end.

http://radar.oreilly.com/2009/01/the-biggest-ponzi-scheme-of-all.html