Posts


A Post-COVID Vision: The Full and Sustainable Employment Act

By Brian Czech

If COVID-19 has taught us anything, it is that the Great God of GDP is a false god after all, impotent as Baal. The mighty American economy, with unprecedented GDP, has been knocked to its knees by one of the lowest conceivable life forms, a mere virus possessing not a single strand of DNA. Politicians who thought their legacies would be associated with “the greatest economy ever” now look like ridiculous priests of a sham religion.


Happiness and the COVID-caused Recession

By Beth Allgood

Modified from the original published in Our Daily Planet (ourdailyplanet.com) on March 21, 2020.

In 2013, the United Nations designated March 20th as the International Day of Happiness to recognize the importance of happiness and wellbeing in the lives of people around the world. Last year I attended the launch of the annual UN World Happiness Report in New York. This year the UN is closed to the public,


Beating Teflon Trump Entails a New Perspective on GDP

By Brian Czech

In the earlier months of Donald Trump’s presidency, Democrats were stunned by his popularity despite his racist rhetoric, acerbic arrogance, and international insults. Trump himself had meanly boasted that he could “shoot somebody on 5th Avenue” and not lose any votes. He knew the American political system—Dems included—worshiped at the altar of GDP growth. Trump, as the quintessential growthist, had skyrocketed to the throne of Untouchable High Priest, albeit in a sharply divided church of red and blue growthists.


The Connection Between Population, Income, and Health

By Max Kummerow

For hundreds of years, economists have debated whether population growth is good or bad. Malthus said exponential population growth increases labor supply, so wages fall until starvation, war, or plague stops growth in numbers. Marx said capitalism causes poverty and hunger, so population growth is good, because “every stomach is born with a pair of hands”, bringing revolution and justice closer.

Nearly 200 years later, Garrett Hardin and Julian Simon were still debating the same question.


Gross Domestic Problem On World Animal Day

By Brian Czech

If you like animals, your feelings may have been nurtured by “Hedgehogs Being Adorable,” “Baby Hippo Has Won Our Hearts,” and other such gems. The Huffington Post, The Animal Blog, and various animal-lover media take a heartfelt approach to the appreciation of animals—wild as well as domesticated—reminding us of the needs and vulnerabilities of our fellow creatures. It’s a refreshing approach compared to the stodgy science and economics of conservation.


Where is Pope Francis on Economic Growth?

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,


Preempting a Misleading Argument: Why Environmental Problems Will Stop Tracking with GDP

Brian explains how GDP growth will eventually stop tracking with environmental damage–but the reasons may not be what you’d expect!


Giant Mats of Green Slime in Lake Erie Signal a Need for New Economic Approaches to Pollution

What do we do when water supplies are cut off to a city of 400,000 people?


Iraq and the Military-Industrial Complex versus a True Cost Economy

A switch to solar and other renewables will greatly reduce the resources devoted to waging war and help us achieve a steady state economy.