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 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 […]
Herman Daly discusses the natural alliances between peacemakers and steady staters, and between the growth economy and warfare.
Our economy faces a futility limit, ecological catastrophe limit, and an economic limit. Fortunately, the economic limit will likely be the first we encounter; hopefully we can implement a steady state economy before the others are reached!
GDP growth is creating more problems than it solves–which is exactly why we need to keep calculating and monitoring it.
When viewed through the lens of ecological economics and energy resources, the situation in Ukraine comes into sharp focus.
The next nonsensical strategy for maintaining the dream of endless GDP expansion? Negative interest rates!
Banks should not be allowed to live the alchemist’s dream by creating money out of nothing and lending it at interest.
Herman Daly offers an original take on the tired debate of “too many people vs. too much consumption” — a spot-on reframing of a critical issue.