Economic growth, with all of its downsides, is clearly unsustainable in the 21st century. Long-term recession is no panacea either. A steady state economy is the sustainable alternative to perpetual economic growth.
Economic growth was never a magic bullet; it is simply an increase in the production and consumption of goods and services–it can’t possibly lead to a sustainable outcome. In contrast, the steady state economy provides the means for present and future generations to achieve a high quality of life. For more detailed information, read Supply Shock: Economic Growth at the Crossroads and the Steady State Solution.
The Act of Discovery
Many people, upon discovering the steady state economy, experience one of two reactions:
- Relief and joy at having found a viable way for dealing with the daunting problems society faces, including climate disruption, dwindling natural resources, widespread poverty, economic collapse, and species extinctions.
- Doubt and denial due to old habits of thought, misconceptions about what a steady state economy is, and fear of change.
As you take time to discover the steady state economy for yourself (see the links at the right), we hope that you will join us in supporting a new and better way of achieving true sustainability. The impeccable logic and sound science of steady state economics have moved many people from the second reaction to the first.