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Tag Archives: prosperity
Free Speech Leads to Tolerance and Prosperity
Free Speech Leads to Tolerance and Prosperity The protection of free speech, including and especially offensive speech, is vitally important to a country’s well-being. J.S. Mill was an early advocate for our current view of free speech. He wrote, “If all mankind minus one were of one opinion, and only one person were of the contrary […]
Tim Jackson: The High Price Of Growth
Tim Jackson: The High Price Of Growth A finite planet cannot sustain infinite economic growth Modern society is addicted to and engineered for perpetual economic growth. Now, a fourth-grader can tell you that nothing can grow forever, especially if you have finite resources. But that simple realization is eluding today’s central planners, despite multiplying evidence […]
What is this ‘Crisis’ of Modernity?
What is this ‘Crisis’ of Modernity? Workmen next to the screws of the RMS Titanic at Belfast shipyard, 1911The people at Conflicts Forum, which is directed by former British diplomat and MI6 ‘ranking figure’ Alastair Crooke, sent me an unpublished article by Alastair and asked if the Automatic Earth would publish it. Since I like his […]
How Will You Cope With A Lower Standard of Living?
How Will You Cope With A Lower Standard of Living? The forces are mounting that will eventually overwhelm most Americans and send their standard of living to unknown depths. Americans that have only known the post WWII prosperity are ill equipped and educated to deal with depression level living. Easy credit and instant gratification have created […]
The Keys to Human Prosperity: Individual Liberty and Rule of Law
THE KEYS TO HUMAN PROSPERITY: INDIVIDUAL LIBERTY AND RULE OF LAW We live at time when, increasingly, the U.S. government operates in arbitrary and discretionary ways. Government regulatory agencies seemingly have unrestrained powers over land-use, business manufacturing and enterprise, the workplace and the environment under broad legislative mandates. And proposals are now frequently being made […]
Triffin’s Paradox Revisited: Crunch-Time for the U.S. Dollar and the Global Economy
Triffin’s Paradox Revisited: Crunch-Time for the U.S. Dollar and the Global Economy The reality is that we’re one panic away from foreign-exchange markets ripping free of central bank manipulation. While all eyes on fixated on global stock markets as the measure of “prosperity” and “growth” (or is it hubris?), the larger force at work beneath […]
What Killed the Middle Class?
What Killed the Middle Class? If the four structural trends highlighted below don’t reverse, the middle class is heading for extinction. Everyone knows the middle class is fading fast. I’ve covered this issue in depth for years, for example: Honey, I Shrunk the Middle Class: Perhaps 1/3 of Households Qualify (December 28, 2015) and What Does It Take To […]
What is Degrowth? Envisioning a Prosperous Descent
What is Degrowth? Envisioning a Prosperous Descent This is a transcript of my keynote address presented at the ‘Local Lives, Global Matters’ conference in Castlemaine, Victoria, 16-18 October 2015.Other keynote speakers included Rob Hopkins, David Holmgren, and Helena Norberg-Hodge. Introduction Thank you for that introduction, Jacinta, good morning everyone. I would like to begin by […]
As the “Prosperity” Tide Recedes, the Ugly Reality of Wealth Inequality Is Exposed
As the “Prosperity” Tide Recedes, the Ugly Reality of Wealth Inequality Is Exposed This chart of median household income illustrates why so many of us feel poorer–we are poorer in terms of the purchasing power of our income. A rising tide raises all boats, from rowboats to yachts–this is the narrative of “prosperity.” A rising tide […]
A Prescription for Peace and Prosperity
A Prescription for Peace and Prosperity The question is often asked: “What can we do?” Here is a prescription for peace and prosperity. We will begin with prosperity, because prosperity can contribute to peace. Sometimes governments begin wars in order to distract from unpromising economic prospects, and internal political stability can also be dependent on […]
Post-Development Discourse: Lessons for the Degrowth Movement (Part 1)
Post-Development Discourse: Lessons for the Degrowth Movement (Part 1) Is degrowth only conceivable in the context of “oversaturated” industrial societies while the global “South” remains dependent on growth? In two installments, this article questions such assumptions. In this first part it introduces positions critical of development which refuse to adopt the Western model of prosperity; […]
The Last Days Of ‘Normal Life’ In America
The Last Days Of ‘Normal Life’ In America If you have got family and friends that you would like to visit before things start getting really crazy, you should do so within the next couple of months, because these are the last days of “normal life” in America. The website where I have posted this […]
Collaboration, Adaptation and Risk: Innovate or Die
Collaboration, Adaptation and Risk: Innovate or Die Collaboration, innovation and risk are all intrinsic to adaptation. Without adaptation, every system eventually perishes once conditions change. One feature of capitalism that is rarely discussed is the premium placed on cooperation and collaboration. The Darwinian aspect of competition is widely accepted (and rued) as capitalism’s dominant force, but […]
Escaping the Deadly Financial Rip-Tide of Debt and Speculation
Escaping the Deadly Financial Rip-Tide of Debt and Speculation Only those know to swim parallel to the shore can escape the destructive rip-tide of debt and speculative risk pulling everyone to insecurity and impoverishment. Longtime correspondent Kevin K. recently shared an extremely insightful analogy of our financial peril. Those of you who swim or body-surf in […]
