In its simplest sense, inflation is an increase in the prices of goods and services. For instance, if the price of a certain good is $10 and in the next month the price increases to $12, the inflation on that item over one month is 20%. Many economists consider low levels of inflation sustained over time to be normal in a functioning economy. However,
Almost half of humanity lives below $6.85 per day. This population does not consume goods and services at a rate exceeding Earth’s capacity. Yet here we sit, on the wrong side of six of the nine planetary boundaries identified by the Stockholm Resilience Centre.
How did we get here? Via the economic activity of the other half of humanity. The planet, and all its inhabitants,
What is your reaction when you hear the tagline “city with the highest GDP per capita in the United States”? Perhaps you would like to live in that city. Perhaps you think it sets a positive example for other cities. If so, you are not alone. Corporate and political leaders have been prioritizing economic growth for decades, and this mindset has trickled down until it has saturated the public.
The problem is that there is a fundamental conflict between economic growth and environmental protection.
Perhaps you’ve heard: Autocracy is on the march. Not just in the obvious places like Russia, China, and North Korea. Democracy has been declining throughout the world for decades, sometimes gradually, sometimes suddenly, but invariably replaced by autocratic tendencies, politicians, and states.
What’s going on in places as far-flung as Hungary, Myanmar, and Nicaragua? Why, after the lessons of world wars, the Cold War,
To be or not to be
for lowering GDP.
Deciding is the fee
for degrowthers to be free!
(Free of confusion, that is, and degrees of self-defeat.)
In the heart of the Cold War, John F. Kennedy proclaimed, “Ich bin ein Berliner.” More than halfway to a century later,