These are the CASSE blog articles on the steady state economy.
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.
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.
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.
“The nature of consumption is the consumption of Nature” – Jordan Perry
The natural environment of the American Southwest is sending out a loud call of distress, but few people in positions of power are listening. Economic and population growth are straining nature, especially across the Colorado River Basin, which encompasses parts of Colorado, New Mexico, Utah, Wyoming, Arizona, Nevada, and California.
From 2010 to 2020,
Global heating has a greater impact on the Arctic than the rest of the planet. In fact, the Arctic is warming at a rate almost twice the global average. This is due to Arctic ice’s high albedo, meaning the ice reflects a tremendous amount of sunlight into the atmosphere. As the ice melts, the sea water absorbs more sunlight than it reflects. The resulting water subsequently warms and evaporates,
In January 2022, Microsoft announced that the company planned to buy the videogame company Activision Blizzard for almost $70 billion, giving it control of franchises like Call of Duty, Candy Crush, and World of Warcraft. This signaled to the world the potential of gaming for the tech industry’s pursuit of speedier growth despite technology being an already high-demand industry.
In 2021, China had around 30 million homes sitting vacant for extended periods. There’s enough unused housing in China to house around 80 million people, roughly the population of Germany. This isn’t “slack” in the market; there is little hope that these homes will someday find an occupant. These homes are bound to remain empty.
Indeed, most of these homes are simply held as financial assets;
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.
People tend to think of Russia as a wide-open country with plenty of space for economic growth. While it may take days to ride the trans-Siberian railway, any notion of an empty Russia is as antiquated as Dr. Zhivago. European Russia, especially, has been cultivated, harvested, logged, mined, fished, and “developed” to the gills with roads, bridges, railways, power lines, pipelines, grids, towers, cables, dams, and canals connecting every industry under the sun to thousands of towns and cities plus tens of thousands of villages.
In November 2021, the European Commission approved an investment package of €290 million to support 132 new environmental projects through L’Instrument Financier pour l’Environnement, or the “LIFE” programme. LIFE is designed to help reach the environmental goals outlined in the EU Green Deal, and it’s the only EU funding programme entirely dedicated to environmental, climate, and clean energy objectives. With certain adjustments, it could be more aligned with steady-state principles.