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Tag Archives: economic growth
Alan Greenspan’s Pickled Economy
Alan Greenspan’s Pickled Economy Winter of Discontent Former Federal Reserve Chairman Alan Greenspan resurfaced this week. We couldn’t recall the last time we’d heard from him. But, alas, the old fellow’s in desolate despair. Unexpectedly rising from the crypt: Alan Greenspan Photo credit: AP On Tuesday, for instance, he told Bloomberg he hasn’t been optimistic for “quite […]
Here Comes The Red Swan And Other Reasons To Be Very Afraid
Here Comes The Red Swan And Other Reasons To Be Very Afraid The Red Chip casino took another one of its patented 6.5% belly flops last night. In fact, more than 1,300 stocks in Shanghai and Shenzhen fell by 10%—the maximum drop permitted by regulators in one day—–implying that the real decline was far deeper. This renewed carnage was the […]
The Socialist Lie that We have had Always a Growth Economy Since Roosevelt
The Socialist Lie that We have had Always a Growth Economy Since Roosevelt A comment by a reader with a philosophy is interesting and delusional at the same time. “Armstrong chose not to seek any compromise but to put all the blame on government. In principle, that’s got to be an absurd point of view. So […]
Why We Consume: Neural Design and Sustainability
Why We Consume: Neural Design and Sustainability Exponential economic growth is rapidly destabilizing the biosphere. Among the many factors that stimulate such growth is the human tendency to consume goods and services far beyond what is required to meet basic needs. We have to grasp what drives this tendency in order to manage it. The […]
OECD cuts growth outlook for Canada’s economy this year and next
OECD cuts growth outlook for Canada’s economy this year and next Canada, other economies ‘reliant on commodity exports’ bear brunt of global slowdown A worker builds a jet engine at a factory in Quebec. According to the OECD, Canada’s economy is going to perform worse than previously anticipated this year and next. (Radio-Canada) One of […]
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 […]
Wilderness and Economics
Wilderness and Economics “A national park will not save the area. Rather, the restrictions and red tape that come with federal control would inhibit growth. Survival requires economic development, but a national park will limit our options.” — Kathy Gagnon editorial opposing a national park in Maine published in Bangor Daily News May 11, 2014 [i] Wildland preservation […]
The Geopolitics of Cheap Oil
The Geopolitics of Cheap Oil The market was supposed to save the planet. That, at least, was the argument of many economists grappling with the problem of climate change. As fossil fuels became scarcer, they pointed out, the price of oil and natural gas would go up. And then other options, like solar and wind, […]
The Church of Economism and Its Discontents
The Church of Economism and Its Discontents Two centuries of explosive economic growth have radically altered our material and ideological worlds. With human activity now the major driver of geological change, the industrial era has come to be called the Anthropocene. This inquiry instead adopts the term Econocene, underscoring its ideological foundation: economism. The concept of economism, the […]
Let’s define Degrowth before we dismiss it
Let’s define Degrowth before we dismiss it The reluctance of degrowth-critics to define growth makes for poor debate Diverse leftist commentators such as Samuel Farber, Paul Krugman, and Leigh Phillips are arguing that economic growth is necessary to protect existing and future well-being. But rarely do they define what they mean by economic growth. Recently […]
Why the oil price slump hasn’t kickstarted the global economy
Why the oil price slump hasn’t kickstarted the global economy There has only been a modest boost to global growth despite the oil price plummeting to as low as $35 a barrel. But as prices fall so the risks to producers rise An oil pump at sunset in the desert oilfields of Sakhir, Bahrain. As […]
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 […]
Salting the Economy to Death
Salting the Economy to Death One popular delusion that won’t seem to go away is the notion that policy makers can stimulate robust economic growth by setting interest rates artificially low. The general theory is that cheap credit compels individuals and businesses to borrow more and consume more. Before you know it, the good times […]
A Hard Look at a Soft Global Economy
A Hard Look at a Soft Global Economy MILAN – The global economy is settling into a slow-growth rut, steered there by policymakers’ inability or unwillingness to address major impediments at a global level. Indeed, even the current anemic pace of growth is probably unsustainable. The question is whether an honest assessment of the impediments […]
Bread, circuses and inequality – a dishonest bargain
Bread, circuses and inequality – a dishonest bargain How does consumerism undermine democracy? Flickr/dcmaster, CC BY-NC 2.0 China leads the way the Chinese people surrender democratic citizenship for the promise of individual gain through private consumptionOver the decade of the 2000s I visited China several times. At some point on each trip a Chinese acquaintance would assure me, […]
