American political economist Benjamin Friedman, author of Religion and the Rise of Capitalism, a basic reassessment of the underpinnings of today’s economics, once compared modern Western society to a bicycle whose forward momentum was kept going by continuing economic growth. He expounded that should that forward-propelling motion slow or cease, the pillars that define our society – our democracies, our individual liberties and social tolerance - would begin to falter.
Further warning, “…if society was unable to get the wheels back in motion, countries would eventually face total societal collapse”.