Poverty Archives – Center for the Advancement of the Steady State Economy

Whose Behavior Needs to Change? The Other Side of the International Development Coin

October 10, 2024/10 Comments/in Alix Underwood, Consumption, Economic Policy, Governance, Inequality, Limits to Growth, Postgrowth, Poverty, Steady State Herald, Sustainability, Wealth, Wellbeing /by Alix Underwood

by Alix Underwood

“Give a man a fish and you feed him for a day. Teach him how to fish and you feed him for a lifetime.” The Western-led international development sector, born in the aftermath of World War II, has evolved according to this (ironically) Chinese proverb. To better reflect the status of international development, I would append the following sentences to the worn-out proverb: “Use advanced extractive technology to harvest all the fish from the man’s ocean,

Prospects for 负增长 Toward a Steady State Economy in China

September 1, 2022/10 Comments/in Climate Change, Degrowth, Economic Growth, Economic Policy, Environment, Governance, Politics, Poverty, Steady State Economy, Steady State Herald, Sustainability /by Brian Czech

by Yiran Cheng

China, as the world’s second-largest economy and a rising superpower, is an integral part of the discussion if a steady state economy is ever to be achieved at a global scale. China’s environmental impact grows by the day, yet serious consideration about intentionally slowing economic growth has seldom occurred, let alone the possibility of a sustained 负增长, the Mandarin translation of “degrowth”.

This is not to say China is oblivious to its environmental toll.

Sell Your Stocks and Enjoy the Slide

May 26, 2022/10 Comments/in Banking, Brian Czech, Consumption, Degrowth, Economic Growth, Economic Policy, Energy, Environment, Food and Agriculture, Monetary Policy, Money and Investments, Poverty, Steady State Economy, Steady State Herald, Sustainability /by Brian Czech

by Brian Czech

I’m sorry if you’re one of the 145 million Americans invested in the stock market, but I actually find it gratifying to see the market sliding. Why shouldn’t I? As a steady stater, I’m firmly against GDP growth in the 21st century. A perpetually growing stock market presupposes a perpetually growing economy. If the market has to decline along with GDP, I’m all for it.

Steering Away from a Car-Centric Society

May 19, 2022/4 Comments/in Climate Change, Consumption, Economic Growth, Energy, Environment, Money and Investments, Politics, Poverty, Steady State Economy, Steady State Herald, Sustainability, Technology /by Brian Czech

by Mai Nguyen

Learning to drive scared me as a teenager. There was something terrifying about controlling a two-ton hunk of metal, and my drivers’ education teacher didn’t help by showing a graphic slideshow of injuries we could expect from a brutal car accident. This didn’t bother me much once I moved to the city; with buses, the metro, and bike or scooter shares, there are plenty of other ways to get around.

Morality in the Womb: More than Meets the Mass’s Eye

May 12, 2022/7 Comments/in Economic Policy, Environment, Governance, Politics, Population, Poverty, Religion, Steady State Economy, Steady State Herald, Sustainability /by Brian Czech

by Max Kummerow

With the recent leaking of the draft decision by the U.S. Supreme Court to overturn Roe v. Wade, the heated controversy over a woman’s right to abort—or voluntarily terminate—a pregnancy is again at the forefront of democratic discourse. At the heart of this debate are issues of morality and theology. Self-identified Christians make up 63 percent of the U.S. population, with Evangelical Protestants and Catholics representing an overwhelming portion of the “pro-life” camp.

A Perfect Storm for Inflation: COVID, Loose Money, and Putin

March 10, 2022/6 Comments/in Brian Czech, Consumption, Economic Growth, Economic Policy, Energy, Food and Agriculture, Governance, Inflation, Jobs and Employment, Monetary Policy, Politics, Population, Poverty, Steady State Economy, Steady State Herald, Technology /by Brian Czech

by Brian Czech

The current bout of inflation should be no surprise to steady staters. We have national and global ecosystems pushed to the limits by population and economic growth. At the same time, we have monetary authorities and heads of state—neoclassically oblivious to limits—eager to stimulate the economy with loose money. It’s a recipe for inflation.

We tweeted all the way back in March 2020 that inflation was coming.

Pope Francis and the Steady State Economy

October 28, 2021/4 Comments/in Consumption, Economic Growth, Economic Policy, Environment, Governance, Politics, Poverty, Religion, Steady State Economy, Steady State Herald, Sustainability /by Brian Czech

by Brian Snyder

Let’s play a game of “who said it.” I’ll give you quotes from either For the Common Good (by Herman Daly and John Cobb), or Let Us Dream (by Pope Francis). You guess who wrote it:

“…in the wealthier parts of the world, the fixation with constant economic growth has become destabilizing, producing vast inequalities and putting the natural world out of balance.”
“Then ‘God’ became redundant and disappeared.

The GameStop Boom: Lessons for Steady Staters

February 11, 2021/3 Comments/in Economic Growth, Economic Policy, Monetary Policy, Money and Investments, Poverty, Steady State Economy, Steady State Herald /by Brian Czech

by James MacGregor Palmer

Over the last week of January, it was hard to miss the headlines: “Reddit vs Wall Street,” “Reddit Sparks Wall Street Crisis,” “The Reddit Traders Who Took On Wall Street’s Elite.” The GameStop phenomenon, fueled by the Reddit forum “WallStreetBets,” was pitched as a David vs Goliath story where a group of ordinary citizens took on the elites and won.

Wealth Transfers, Carbon Dioxide Removal, and the Steady State Economy

September 17, 2020/5 Comments/in Climate Change, Economic Growth, Economic Policy, Energy, Environment, Poverty, Steady State Economy, Steady State Herald, Sustainability /by Brian Czech

by Brian Snyder

In 2019, the U.S. per capita GDP was $65,000. It seems obvious that this level of economic activity is more than sufficient to meet the needs of the U.S. population; after all, if we can’t live fulfilled, productive lives in an economy producing $65,000 per person per year, more money and production will never be enough. Further, additional per capita economic growth in the USA is uneconomic. For example, economic growth to $75,000 per person per year will not increase our economic wellbeing nearly as much as it will decrease ecological wellbeing;

Population and the Outbreak of Peace

February 26, 2020/3 Comments/in Biodiversity, Consumption, Corruption, Governance, Politics, Poverty, Religion, Steady State Economy, Steady State Herald /by Brian Czech

By Max Kummerow

Adelyne More’s 1917 feminist pamphlet Fecundity and Civilization stated flatly that population stabilization “is the most effective way of ensuring the cessation of war.”[1] All species’ potential rates of reproduction enable exponential population growth. Population numbers are kept within environmental capacity by rising mortality as populations increase. Ecologists call this process “density-dependent mortality.” Many “group-selected” social species fight territorial wars as populations grow, such as chimpanzees,