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One problem with "grow quickly, then switch", is that it often leads to high-growth institutions, factions, ideologies, and infrastructure. Countries which grow quickly bake those assumptions into financial, industrial, economic, and political policies. They create companies, regulatory bodies, and financial systems which are predicated on growth. They create economic ideology and the mechanisms for promulgating it which are founded on growth. They create development patterns (most especially of urban land use --- the most massive impact of the automobile was on city and suburban landscapes), and consumption patterns. Once entrenched, those are all exceedingly difficult to dislodge. I'd argue that China is wrestling with this now, and that a fair bit of the disruption of the past few years (above and beyond exogenous shocks, notably Covid-19) involve this, as the CCP attempts to wrest power back from industrial, financial, and real estate interests. Some European countries (notably the Netherlands and Amsterdam with its bicycle- and transit-centric transport planning), Japan, and possibly others such as Costa Rica, seem to have followed a lower-growth curve. These may actually find transition more viable. At the capital of capitalism, the United States, transition faces absolutely massive obstructions in the form of politics, politics-expressed-as-social-values, economic interests, finance, real estate, land use, transportation, building codes (residential, commercial, and industrial), and more. Those are far more significant obstructions than actual technical solutions, and the more illuminating advocates of sustainability that I follow tend to emphasize this. (I'll list these later, though I'm still waiting for XorNot to cough up. I'll give them a few more hours.) |
I think it's a mistake to assume stability in nations and a strong self governing community between them can be assumed at all points in the future, especially if there is some stop to exponential growth at some point (but not only because of that). Economic power is somewhat fungible with mitary power, and lack of power in a possible future less stable system of nations could be very problematic.
In short I think the safest and most conservative path for any nation to protect it's future is to take advantage of as much growth as it safely can for as long as it lasts.
Another way to look at is that is the U.S. was to opt out of growth right now, how long would it take for us to become irrelevant on the world stage, and how long after that before we were (and our citizens) negatively impacted by trade deals because of lack of leverage (which is probably a best case scenario of negative possibilities IMO). It's the job of a government to avoid that scenario.
Transitioning is hard, but I'm not sure it's harder than the alternative, depending on how far out we are to it being forced on everyone.
That said, I'd be happy to read whatever info you have on the topic to expand my thinking.