"The presumptive goal of policy makers is to return to our “normal” condition of growth. But in fact the key thing to do right now is to recognize that growth is over. It was a temporary and anomalous condition that cannot be extended into the future. That doesn’t mean it’s the end of the world. But it does mean we will have to abandon economic thinking that sees growth as inevitable, normal, and essential. We will need new and different economic strategies and ways of measuring progress over the next few years and decades as we transition back to the true historically normal condition of almost-zero growth—different banking models, a less globalized trade regime, and more locally-based cooperative enterprises. Along the way we will have to shed unsustainable debt burdens through a massive, organized jubilee if we are to avoid years of default and decline."