The Daly News Archives – Page 2 of 31 – Center for the Advancement of the Steady State Economy

Time to Stop Worshipping Economic Growth

October 28, 2015/1 Comment/in Economic Growth, Steady State Economy, The Daly News /by Brian Czech

by Brent Blackwelder

There are physical limits to growth on a finite planet. In 1972, the Club of Rome issued their groundbreaking report—Limits to Growth (twelve million copies in thirty-seven languages). The authors predicted that by about 2030, our planet would feel a serious squeeze on natural resources, and they were right on target.

In 2009, the Stockholm Resilience Center introduced the concept of planetary boundaries to help the public envision the nature of the challenges posed by limits to growth and physical/biological boundaries.

Appropriate Scarcity

October 15, 2015/8 Comments/in Consumption, Economic Growth, Economic Policy, Steady State Economy, The Daly News /by Brian Czech

by Robert A. Herendeen

… appealing to people to restrain themselves [by] self-enforced abstinence alone is a waste of time. By and large, we consume as much as our incomes allow…. changes… cannot take place without constraints that apply to everyone rather than everyone else. Manmade global warming cannot be restrained unless we persuade the government to force us to change the way we live.

—George Monbiot, Heat (2006/2009)

The results indicate that the likelihood of paying a positive amount for supporting renewable energy is higher under a mandatory scheme compared to a voluntary payment option in the UK.

Setting Things Straight for the Steady State

October 8, 2015/4 Comments/in Brian Czech, Economic Growth, Steady State Economy, The Daly News /by Brian Czech

by Brian Czech

Extremely dangerous political rhetoric has proliferated over the past several decades, seducing the masses onto a path that leads to the destruction of nature and civilization. This rhetoric is centered on the claim that “there is no conflict between growing the economy and protecting the environment!” Politicians are all about economic growth but, at the same time, none of them want to be seen as willful destroyers of the environment.

What is Wrong with a Zero Interest Rate?

September 16, 2015/6 Comments/in Corporate Reform, Economic Policy, Governance, Inflation, Monetary Policy, Money and Investments, The Daly News /by Brian Czech

by Herman Daly

The stock market took a dip, so the Fed will likely continue to keep the interest rate at zero, in conformity with its goal of supporting asset prices by quantitative easing. What is wrong with a zero interest rate? Doesn’t it boost investment, growth, and employment?

There are many things wrong with a zero interest rate. Remember that the interest rate is a price paid to savers by borrowing investors.

What Kind of Future Does Your Degree Prepare You For?

September 11, 2015/2 Comments/in Jobs and Employment, Steady State Economy, The Daly News /by Brian Czech

by James Magnus-Johnston

As the fall chill sets into the air and farmers begin to harvest, universities invite another wave of impressionable young minds to think about the future—of society, and of their place in it. But preparation for the future requires us to consider exactly what kind of future we think we’re in for, and far too many schools are preparing students for a fictional business-as-usual future.

Do your universities and instructors acknowledge that the global temperature will likely rise by at least two degrees this century?

Where is Pope Francis on Economic Growth?

September 2, 2015/7 Comments/in Consumption, Economic Growth, Environment, Religion, The Daly News /by Brian Czech

by David Kane

Those who believe that there is a fundamental conflict between economic growth and environmental protection will find Pope Francis’ recent encyclical, Laudato Si (Praised Be), a welcome addition to the literature; as well as an important tool in helping others, especially Catholics, to understand and accept the limitations of economic growth. Pope Francis explains how the environmental and social crises we are experiencing will require “profound changes in lifestyles,

A Sustainable True-Cost Economy Promises an Escape from Massive Water Pollution

August 26, 2015/2 Comments/in Economic Policy, Environment, Steady State Economy, The Daly News /by Brian Czech

by Brent Blackwelder

A year ago, I wrote about how a true-cost steady state economy would deal with water pollution. Last August, the alarming green slime at the west end of Lake Erie was so bad that it shut down Toledo’s water supply for half a million people. Who would pay the tremendous damages caused by the green slime? Certainly not the industrial agricultural interests who were responsible for about two-thirds of the problem!

First Cut: No Five-Kid Presidents

August 12, 2015/5 Comments/in Brian Czech, Population, The Daly News /by Brian Czech

by Brian Czech

(With apologies to the Octomom, who didn’t ask for this kind of attention.)

Mention the Octomom, and the first thing that comes to mind is that ridiculous fecundity. If she tried running for President, she’d never make it to the first debate, because everyone would take the 14-kid factoid (yes, she had 6 before the 8) to indicate some type of extremist propensity. More astute analysts would also point out that,

Would the Steady State Economy Be a Miracle?

August 5, 2015/6 Comments/in Consumption, Economic Policy, Environment, Population, Religion, Steady State Economy, The Daly News /by Brian Czech

by Herman Daly

Many people think that advocating a steady state economy is like wishing for a miracle. I understand their reasoning and take their point—in the present era of growthism, it does seem rather like advocating a miracle. But that raises the question of exactly what is a miracle? And how many other miracles are we wishing for these days? Of course, science, by definition of its method, rules out the existence of miracles,

Innovating Beyond the Growth Trap: A Challenge to the Ecofiscal Commission’s Growth Fixation

July 28, 2015/2 Comments/in Economic Growth, Economic Policy, Sustainability, Technology, The Daly News /by Brian Czech

by James Magnus-Johnston

A new voice has emerged recently in Canada called the “Ecofiscal Commission,” which could have the funding, clout, and determination to steer the country in a more promising direction. The group includes high-profile economists, former political leaders, and high-powered financiers. They define “ecofiscal policy” as something that “corrects market price signals to encourage the economic activities we do want (job creation, investment, and innovation) while reducing those we don’t want (greenhouse gas emissions and the pollution of our land,