by James Magnus-Johnston Capitalism and growth might have similar connotations, but they have important distinctions, too. “Capitalism” has become a clumsy catch-all for any number of value-laden projections—greed, big business, innovation, accumulation, complexity, workaholism. “Growth,” meanwhile, is a landmine of technical and cultural connotations, and I’ll explore just a couple of them here. Technically speaking, […]
by Max Kummerow In Empty Planet: The Shock of Global Population Decline (Crown Publishing Group, New York, 2019) Darrell Bricker and John Ibbitson argue that population decline will bring many social and economic changes—some good, some bad. They assert that “In three decades, give or take…global population starts to decline.” Note that their title is […]
By Brian Czech
When you look out your window, do you like what you see? Would you like to keep it that way? Are you afraid the forces of growth will deface, degrade, or “develop” your favorite places? Then Keep Our Counties Great is the campaign for you! This county-level initiative has long been pondered at CASSE, and it’s time to act. This does not mean we’re forgetting about the nation as the focal point of fiscal and monetary policy. Nor are we dropping our obligations and interests in international diplomacy. Rather, Keep Our Counties Great will have synergistic effects, especially with our long-term legislative project.
By Herman Daly
The economic process is not a mechanical analog that can be run forward and backward, nor a circular process that can return to any previous state. Rather it is an irreversible and irrevocable process moving in the direction of time’s arrow of increasing entropy . Finitude and entropy guarantee that the economic life of our species will be a journey of no return. Therefore even a stationary economy, in the classical sense of constant population and constant capital stock, is ultimately a journey of no return, because the metabolic throughput of matter and energy required to maintain constant stocks of people and physical capital, in the face of depreciation and death, is an entropic flow from ever less concentrated sources to ever filling sinks – and both sources and sinks are finite.
By Max Kummerow
Sir David Attenborough remarked in a 2011 presidential lecture to the Royal Society that “every environmental and social problem is made more difficult and ultimately impossible to solve with ever more people.” Wherever women’s status has improved and societies modernized, he said, birth rates have fallen. He begged his audience to “talk about population.”
By Herman Daly
Disaggregating reported GDP growth to reveal the differences in growth by income class, as per the Schumer-Heinrich Bill, is a good idea. After all, telling us, say, that average income grew by 4% is not nearly as informative as telling us that the richest ten percent received the entire growth increment while the bottom ten percent suffered a decline in income.
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 […]
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 […]
by Brian Czech Myth #1. It’s economic. To be economic, something has to be worth more than it costs. Economic activity, per se, is more beneficial than detrimental. Technically speaking, “marginal utility is greater than marginal disutility.” If you liked a rug, but liked your grandkids more, it wouldn’t be smart to grab the rug […]
Brian explains how GDP growth will eventually stop tracking with environmental damage–but the reasons may not be what you’d expect!