These are the CASSE blog articles on politics.
On July 30 the Genuine Progress Indicator (GPI) Act was introduced in Congress by U.S. House Representative Ilhan Omar (D-MN). The GPI would indicate the net benefit of economic activity, as an alternative to Gross Domestic Product (GDP). It would be used in the economic and budgetary reporting of federal agencies and government offices.
For me, the timing was remarkable, as July 30 was the very day I signed on with CASSE.
I’m an old guy. Not ancient, perhaps, but my 61-year old knees alone would put me in the lower decile of…let’s say freshness. Why, my best days are so far back, you’d need a rearview mirror from the Giant Magellan Telescope to spot one!
As if that weren’t bad enough, I’m a white guy. I might feel black and blue sometimes from fighting the forces of GDP growth,
Several movements are working in opposition to the destructive growth economy of the 21st century. The labels adopted by these movements are largely tied to the regions in which they originated and/or became popular. For example, the term “steady state” is most prevalent in the USA, while “degrowth” is often associated with continental Europe. The widespread term throughout the UK, however, is “wellbeing economy.”
Without prior knowledge of the UK term,
Students and scholars of steady-state economics must have noticed, by now, that the Degrowth movement in Europe has attained far more traction than the steady-state movement has in the USA (or anywhere). Degrowth is the banner under which thousands have assembled at numerous conferences for almost two decades now, demonstrating a durable unity. Major European news outlets such as The Guardian report on Degrowth doings; even prominent American outlets including Bloomberg have taken note.
I didn’t set out to coin a phrase, but “trophic money” will be far handier than “money derived pursuant to the trophic theory of money.” The trophic theory of money is that money originates via the agricultural surplus that frees the hands for the division of labor into all the other economic activities, most basically manufacturing and services. It’s a theory of money that reflects not only the trophic structure of the economy—with manufacturing and services built upon a base of agriculture and extraction—but the fact that money is meaningless unless we have an agricultural surplus at the trophic base.
In a world of vexing issues—and our topic this week is certainly that—population growth might just be the most ironic. That’s because it should be among the simplest of issues; almost trifling in its mathematics. Yet opinions about it are beset with political, economic, and even some technical controversy.
For steady staters it seems perfectly clear: Population must be stabilized for the sake of societal well-being and even mere sustainability.
The insurrectionist mob that stormed the Capitol last week has been frequently described as fascist. Certainly, it was a far-right, racist mob attempting to overthrow a democratic election, as with the Beerhall Putsch or the March on Rome. Yet, the real fascists in the Capitol weren’t the mob. The actual fascists are far more powerful than a bunch of conspiracy-addled cosplayers. The real fascists were the half-dozen senators and 140 or so representatives who abetted and instigated the insurrection.
We now have a 46th President-Elect, with Joe Biden promising to restore the soul of America. What does it mean for advancing the steady state economy as the sustainable alternative to growth? And what did we learn in the process?
I for one ended up with egg on my face, if not a whole omelet, by calling Trump a lame duck way back in early August.
Joe Biden wants to restore the “soul of America.” It’s a noble goal befitting an elderly statesman combining Uncle Joe charm with Uncle Sam chops. And, it’s badly needed after four years of soulless, sickening corruption of the White House. It’s also a huge opportunity, not only for restoring but for reforming that soul.
Reform is needed because the soul of America was hardly spotless to begin with,
One of the few benefits of a global quarantine is catching up on movies, and one of the movies I’ve recently caught up on is 2017’s The Death of Stalin. If you have an aversion to vulgar language or death squads you should skip it, but otherwise, watching Steve Buscemi play Nikita Khrushchev is a comical experience you won’t soon forget.
But for our immediate purposes,