The next nonsensical strategy for maintaining the dream of endless GDP expansion? Negative interest rates!
While we’re hunkered down enduring the inevitable collapse of the growth economy, we should consider sound policies for a sustainable economy.
Economic growth is not the same things as “more jobs,” especially with the methods we’ve used to grow the economy.
Policies needed to stabilize population and consumption will be difficult to enact, but difficult is a lot easier than impossible.
A top priority of doing “everything we can to grow our economy” will worsen climate change, biodiversity loss, water shortages, and pollution.
It’s rare to find a Wall Street Journal columnist (and a Ronald Reagan appointee) calling for a steady-state economy.
The short answer: an economy that allows corporations to externalize costs and trump the rights of indigenous people.
Growing the economy and improving the economy are two very different things — why don’t the candidates for U.S. President get it?
Herman Daly’s synthesis will leave you questioning the most ingrained economic assumptions of our times.