Posts


The Second Cold War?

By Brian Snyder

Over the past two months, there has been a great deal of talk about the environmental implications of the pandemic. Some have looked for glimmers of hope, others have predicted that we will shortly return to the status quo. I fear that the biggest outcome of the pandemic will not be its death toll nor its effects on the climate, but its impacts on geopolitics. Specifically, the deteriorating relationship between China and the USA may lead to a Second Cold War.


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.


New Zealand Deprioritizes Growth to Improve Health and Wellbeing

By James Magnus-Johnston

Last May, New Zealand Prime Minister Jacinda Ardern released a budget to improve the “wellbeing” of citizens rather than focusing on productivity and GDP growth. And, not so coincidentally, New Zealand has one of the best coronavirus outcomes of any democracy in the world. Perhaps this provides a global model to make economic health cohere with health for all life.

To improve wellbeing, Ardern emphasized goals that focus on care for people and the planet.


Sequence Matters

By Herman Daly

The main message of the controversial documentary, Planet of the Humans, is that unrestrained economic and population growth should be the target of environmentalists’ efforts, not technological fixes. Techno-fixes can be helpful, but belong in second place. If put in first place they are often dangerous (e.g., nuclear power, green revolution, biomass fuel, space colonization, etc.). Technocrats enjoy usurping first place and are not humble about it.


Planet of the Humans Puts Sacred Cows Out to Pasture

By Brian Czech

Planet of the Humans is a once-in-a-decade documentary for all concerned with the environment, the economy, and life on Earth. Directed by Jeff Gibbs and produced by Michael Moore, Planet is especially important for advancing the steady state economy. It is reminiscent of Pope Francis’ Laudato si’ in that it makes the case for a steady state economy—resoundingly—while never quite uttering the phrase “steady state economy.”

When viewing a documentary,


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,


The Triangular Economy: Behind the Circular Flows

By Brian Czech

The “circular economy” is a response to the environmental problems and resource shortages that arise as the human economy expands. The focus of the circular economy literature is on efficiency which, in terms of economic production, means more output per unit of input. All else equal, increasing efficiency means higher profits, too. That’s real motivation for the corporation.

Efficiency connects to the human propensity to innovate, too. From childhood on,


The Silver Lining of the COVID-Caused Recession is Supra-Economic

By Brian Czech

COVID-19 has done in a deadly way what steady-state economists would prescribe in a healthy way: putting the brakes on a runaway economy. In fact, the pandemic has slammed on the brakes and jammed the GDP gearstick into reverse. It has ushered us into a recession that will be pronounced and protracted. In a COVID-caused recession, it’s nature at bat, not the Fed.

In these dark times, any source of comfort is welcome.


Distinguishing Capitalism from Growth

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, their differences seem straightforward. Growth is a material increase in economic production and consumption. Capitalism is a highly complex term,


Guess What Trudeau Said About Growth?

By James Magnus-Johnston

In an appeal to Mr. Trudeau’s philosophical musings, I’ve written a letter to him listing five ways Canada can foster a better, more sustainable economy.

 

 

“There are a lot of people out there, environmental thinkers like Herman Daly and others, who talk about the fact that maybe endless growth within a finite system is not either possible or even desirable.