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Tag Archives: growth
My Journey toward degrowth
My Journey toward degrowth By Sam Bliss Growth means a process of increasing in physical size. When we think of economic growth, it is difficult to fathom what exactly grows, since ‘the economy’ is an invented concept that describes billions of human interactions as if they were one giant entity. But gross domestic product is a rate […]
The Global Monetary Non-System
The Global Monetary Non-System NEW DELHI – As 2015 ended, the world boasted few areas of robust growth. At a time when both developed and emerging-market countries need rapid growth to maintain domestic stability, this is a dangerous situation. It reflects a variety of factors, including low productivity growth in industrial countries, the debt overhang […]
Economic growth: How it works; how it fails; why wealth disparity occurs
Economic growth: How it works; how it fails; why wealth disparity occurs Economists have put together models of how an economy works, but these models were developed years ago, when the world economy was far from limits. These models may have been reasonably adequate when they were developed, but there is increasing evidence that they don’t […]
Collaboration and changing beliefs are two keys for a degrowth economy
Collaboration and changing beliefs are two keys for a degrowth economy Brazil is an amazing country, full of natural richness and blessed with many beauties. It has, however, a terrible sin on his shoulders: the thought that everything has to be done in a different, shorter, and faster way – in a way that takes […]
“One Big Shock Away from a Global Downturn…”
“One Big Shock Away from a Global Downturn…” Zombies vs. Cronies DUBLIN – Most elections these days are contests between cronies and zombies. The left favors the zombies. The right favors the cronies. In yesterday’s presidential elections in Argentina the zombies lost. It’s time for the cronies to take over. New Argentine president Mauricio Macri […]
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 […]
Promethean porn and Malthusian mistakes: a letter to Leigh Phillips
Promethean porn and Malthusian mistakes: a letter to Leigh Phillips Dear Leigh Hello, my name is Mr Puck. I heard about your new book, Austerity Ecology and the Collapse Porn-Addicts: A Defence of Growth, Progress, Industry and Stuff. Now, a title involving the word ‘porn’ that isn’t actually about, er, porn usually indicates something that’s well […]
The Eurozone’s Minsky Conundrum
The Eurozone’s Minsky Conundrum BRUSSELS – Stubbornly low inflation has the European Central Bank worried. But its response – essentially just more quantitative easing – could backfire, exacerbating imbalances and generating serious financial instability. As it stands, the headline consumer price index in the eurozone hovers around zero, and even core inflation remains below 1% […]
The Left should embrace degrowth
The Left should embrace degrowth Only if we stop the cycle of endless growth will our planet prosper, argue Degrowthers. Jenny Downing under a Creative Commons Licence Degrowth is a frontal attack on the ideology of economic growth. Some call it a critique: a slogan or a ‘missile word’. Others talk of the ‘theory of’ – or the ‘literature […]
Oops! Low oil prices are related to a debt bubble
Oops! Low oil prices are related to a debt bubble Why is the price of oil so low now? In fact, why are all commodity prices so low? I see the problem as being an affordability issue that has been hidden by a growing debt bubble. As this debt bubble has expanded, it has kept the sales prices […]
The Global Test Most Will Fail: Surviving the Bust That Inevitably Follows a Boom
The Global Test Most Will Fail: Surviving the Bust That Inevitably Follows a Boom Now that virtually every nation is entering the bust phase, all are being tested. Booms powered by credit, new markets and speculation are followed by busts as night follows day. This creates a very difficult test for every nation-state facing the inevitable […]
The End of the World Has Already Begun
The End of the World Has Already Begun Disappearing Growth Nothing much to report from the stock market yesterday. Investors are regaining their calm. A few weeks ago, it looked as though the end of the world had begun. We are talking, of course, about the world in which credit, stocks, and central bank reputations […]
Appropriate Scarcity
Appropriate Scarcity … appealing to people to restrain themselves [by] self-enforced abstinence alone is a waste of time. By and large, we consume as much as our incomes allow…. changes… cannot take place without constraints that apply to everyone rather than everyone else. Manmade global warming cannot be restrained unless we persuade the government […]
A Beacon in the Sand
A Beacon in the Sand We might begin with the image of American history as a great tidal wave of progress. A wave launched with the appearance of the colonists; a wave rolling with greater and greater momentum westward across the continent. It brushed aside everything that resisted it. It used covered wagons and steamships, homesteads and railroads, guns and axes; it used laws and politics, noble speeches and the rhetoric of free enterprise; […]
Sustainable Development: Something New or More of the Same?
Sustainable Development: Something New or More of the Same? Two years ago when he was 14, my son Matthew grew six inches. Last year he only grew two inches, and this year he has only grown half an inch. Should I be worried? Of course not. At a certain stage of maturity, quantifiable physical growth […]
