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Tag Archives: growth
Degrowth: Toward a Green Revolution
Degrowth: Toward a Green Revolution The Americanism that people will never voluntarily give up the consumption that is killing the planet represents the triumph of a long con. The problem that consumed (apologies) economists in the early twentieth century was how to get people to want the stuff that capitalism produces. Past the point of […]
COP24: climate protesters must get radical and challenge economic growth
COP24: climate protesters must get radical and challenge economic growth What do we want … when do we want it? Now. Etienne Laurent/EPA At the COP24 conference in Poland, countries are aiming to finalise the implementation plan for the 2015 Paris Agreement. The task has extra gravity in the wake of the recent IPCC report declaring […]
Stability without Growth: Keynes in an Age of Climate Breakdown
Stability without Growth: Keynes in an Age of Climate Breakdown What do Keynesian Democrats think about the movement for post-growth and de-growth economics? Dean Baker, a senior economist at the Center for Economic Policy Research in Washington, DC, has given us some insight into this question. In a recent blog post, republished by Counterpunch, he […]
Saving the Environment: Is Degrowthing the Answer?
Saving the Environment: Is Degrowthing the Answer? Photo Source Anahi Patricia Jasso Aleman | CC BY 2.0 A friend recently sent me a piece by Jason Hickel, arguing that growth can’t be green and that we need to move away from growth oriented economics. I am not convinced. It strikes me both that the piece misrepresents what growth […]
In Unprecedented Clash, EU Rejects Italy’s Budget, Paves Way For Sanctions
In Unprecedented Clash, EU Rejects Italy’s Budget, Paves Way For Sanctions Yields on Italian government bonds fell on Wednesday morning as the euro climbed following reports that Italy’s ruling coalition might be open to reviewing its budget plan. Though the Italian government swiftly denied the reports about being open to changes in its plan, the […]
Degrowth as a concrete utopia
Degrowth as a concrete utopia Economic growth can’t reduce inequalities; it merely postpones confronting exploitation. Español “My Visit to the Mountain Homestead.” Credit: Flickr/Eli Duke. CC BY 2.0. The emergence of interest in degrowth can be traced back to the 1st International Degrowth Conference organized in Paris in 2008. At this conference, degrowth was defined […]
The Primacy Of Income
The Primacy Of Income The Era Of Gains is over Ever since the central banks became serial bubble blowers twenty years ago, household wealth has mostly been driven by asset price inflation: But this has been a quixotic pursuit. Created by pulling tomorrow’s prosperity into today, these asset price bubbles are unsustainable, and invariably suffer […]
How the light gets in
How the light gets in The science behind growth scepticism The Entropy Law still matters. CUSP director Tim Jackson responds to Michael Liebreich’s essay on the ‘The secret of eternal growth’. CC.0 :: ipicgr / pixabay.com It’s probably fitting that Michael Liebreich’s The Secret of Eternal Growth was published so close to Halloween. It’s so […]
Understanding the Global Recession of 2019
Understanding the Global Recession of 2019 Isn’t it obvious that repeating the policies of 2009 won’t be enough to save the system from a long-delayed reset? 2019 is shaping up to be the year in which all the policies that worked in the past will no longer work. As we all know, the Global Financial […]
Global GDP Still Propped Up By A Massive Amount Of Debt
Global GDP Still Propped Up By A Massive Amount Of Debt While the government agencies and economists continue to publish strong GDP figures, they seem to overlook how much debt it took to produce that growth. Or should I say, the “supposed growth.” The days of adding one dollar of debt to get one dollar […]
The SDGs: Transforming our World or Business as Usual?
The SDGs: Transforming our World or Business as Usual? Compared to their predecessors, the Millennium Development Goals, the Sustainable Development Goals (SDGs) are a step in the right direction: With their global validity, they acknowledge that change not only needs to happen in poor countries, but in rich countries too, see for example Goals 11-15 […]
Why we get bad diagnoses for the world’s energy-economy problems
Why we get bad diagnoses for the world’s energy-economy problems The world economy seems to be seriously ill. The problem is not overly high oil prices, but that does not rule out energy as being a major underlying problem. Two of the symptoms of the economy’s malaise are slow wage growth and increasing wage disparity. Tariffs […]
Here’s a Simple Solution to the Growth/De-Growth Debate
HERE’S A SIMPLE SOLUTION TO THE GROWTH/DE-GROWTH DEBATE A number of high-profile economists – people like Carlota Perez and Michael Liebreich – have recently come out swinging in favor of “green growth” theory, trying to assuage mounting public concerns about the fact that climate change and ecological breakdown are being driven by capitalist growth. What’s […]
Catabolism: Capitalism’s Frightening Future
Catabolism: Capitalism’s Frightening Future Photo Source SPACES Gallery | CC BY 2.0 “Out of the frying pan, into the fire” is an apt description of our current place in history. No matter what you think of globalization, I believe we’ll soon discover that capitalism without it is much, much worse. No one needs to convince […]
Debt Alarm Ringing
Debt Alarm Ringing Addicted to Debt Lost Exorbitant Privilege Trigger Points Frankfurt, Cleveland, Golf, and Here and There Is debt good or bad? The answer is “Yes.” Debt is future spending pulled forward in time. It lets you buy something now for which you otherwise don’t have cash available yet. Whether it’s wise or not […]
