Almost half of humanity lives below $6.85 per day. This population does not consume goods and services at a rate exceeding Earth’s capacity. Yet here we sit, on the wrong side of six of the nine planetary boundaries identified by the Stockholm Resilience Centre.
How did we get here? Via the economic activity of the other half of humanity. The planet, and all its inhabitants,
Bayfield County, Wisconsin is situated on the shores of Lake Superior, the largest freshwater lake in the world by surface area. Deep in the heart of the Great Northwoods, the county is unique in its glaciated beauty. It also happens to be a rare example of a county in harmonious balance between its natural and constructed communities.
Bayfield County has been refreshingly free of growth controversies and displays key attributes that approach the characteristics of a steady-state county.
In Chicago, the great dome atop the Museum of Science and Industry rotunda is emblazoned with these words:
Science discerns the laws of nature
Industry applies them to the needs of man
The inscription’s lofty rhetoric hides a powerful assumption that is broadly internalized in industrial societies today: that the “needs of man” are unlimited,
On August 14, Montana’s Supreme Court ruled that in light of Montanans’ constitutional right to a clean environment, the failure of state agencies to take climate change into account when considering new projects is illegal. This ruling, resulting from a lawsuit by 16 young people, is being followed up by a similar trial in Oregon—and another is pending in Hawaii. At a moment of legislative disappointment across the sustainability policy landscape,
One of the more puzzling features of modern life is the starkly contrasting visions of humanity’s near-term future. Watch thirty minutes of commercial-filled TV and you get a cheery sense that all is well in the world. A BMW, an anti-depressant, or a Caribbean vacation—these will ensure ever greater happiness.
At the same time, a 2021 poll in ten countries found that four in ten young people are hesitant to have children because of the climate crisis.
Something new and troubling is happening as economies grow across much of the globe. In contrast to prior decades, when human health improved as global GDP swelled, the link to health progress has been broken. No longer is economic growth delivering a health dividend, it seems.
Meanwhile, another metric, the health of the environment, has continued to deteriorate with economic growth. We now face a “ghastly” global environmental crisis,
Global food production today is cornucopian: More food, of greater diversity, is available to more people in more places than at any time in human history. At the same time, this food abundance has a dark underbelly. Some 828 million people—nearly ten percent of the human family—are chronically hungry, and two billion people lack critical micronutrients such as Vitamin A and iron. This juxtaposition of increasing abundance and chronic scarcity might suggest that ending hunger simply requires extending 20th century agricultural success to the entire human family.
The looks I get are familiar at this point: the blank stare screaming What do you mean, a no-growth economy? The frown of doubt that silently demands, Are you crazy? This is how skepticism about degrowth and steady-state economics manifests in my own life.
The work of a steady-state proponent is not for the faint of heart, to be sure. Steady state economies are sorely needed today but are far from being widely understood,
Banks are macroeconomic mirrors. They reflect the activity of the real economy. If the economy is growing, so are the banks, starting with the Federal Reserve and its regional banks, all the way out to tiny First Michigan Bank, Oakwood Bank (the smallest bank in bank-laden Texas), and the patriotically named Citizens Bank of Americus (Georgia).
Not only do the banks,
by Orsolya Lelkes
Happiness matters. The quest for happiness is an elementary life force and an inherent part of steady state economies. Many fear that reducing material consumption will bring a decline in happiness. We do not like to lose what we already have. Recession and income loss tend to hurt.
On the other hand, voluntary adjustment of priorities in life may boost well-being, as a simpler life might deliver more of what many are missing: health,