{"id":61810,"date":"2022-02-08T07:44:27","date_gmt":"2022-02-08T12:44:27","guid":{"rendered":"https:\/\/olduvai.ca\/?p=61810"},"modified":"2022-02-08T07:44:54","modified_gmt":"2022-02-08T12:44:54","slug":"61810","status":"publish","type":"post","link":"https:\/\/olduvai.ca\/?p=61810","title":{"rendered":"#221. Strategies for a post-growth\u00a0economy"},"content":{"rendered":"<header class=\"entry-header\">\n<h3 class=\"entry-title\"><a href=\"https:\/\/surplusenergyeconomics.wordpress.com\/2022\/02\/02\/221-strategies-for-a-post-growth-economy\/\" rel=\"bookmark\">#221. Strategies for a post-growth\u00a0economy<\/a><\/h3>\n<\/header>\n<div class=\"entry-content\">\n<p><strong>PART ONE: BUSINESS IN A NEW ERA<\/strong><\/p>\n<p id=\"under-current-conditions-it-s-increasingly-hard-to-understand-why-the-inevitability-of-economic-contraction-remains-so-very-much-a-minority-point-of-view\">Under current conditions, it\u2019s increasingly hard to understand why the inevitability of economic contraction remains so very much a minority point of view.<\/p>\n<p id=\"many-of-us-have-long-understood-why-past-growth-in-material-prosperity-has-gone-into-reverse-here-with-the-seeds-economic-model-we-can-go-still-further-quantifying-past-trends-and-charting-a-future-in-which-economies-get-poorer-living-standards-are-squeezed-by-rises-in-the-real-cost-of-energy-intensive-essentials-and-the-financial-system-buckles-under-the-weight-of-its-own-contradictions\">Many of us have long understood why past growth in material prosperity has gone into reverse.<\/p>\n<p id=\"many-of-us-have-long-understood-why-past-growth-in-material-prosperity-has-gone-into-reverse-here-with-the-seeds-economic-model-we-can-go-still-further-quantifying-past-trends-and-charting-a-future-in-which-economies-get-poorer-living-standards-are-squeezed-by-rises-in-the-real-cost-of-energy-intensive-essentials-and-the-financial-system-buckles-under-the-weight-of-its-own-contradictions\">Here, with the SEEDS economic model, we can go still further, quantifying past trends, and charting a future in which economies get poorer, living standards are squeezed by rises in the real cost of energy-intensive essentials, and the financial system buckles under the weight of its own contradictions.<\/p>\n<p id=\"none-of-this-has-to-be-a-disaster-but-the-management-of-involuntary-economic-de-growth-requires-innovative-strategies-most-obviously-in-business-and-government-the-aim-here-is-to-concentrate-on-the-pnfc-private-non-financial-corporate-sector-evaluating-strategies-that-could-mitigate-the-worst-effects-of-economic-contraction-other-sectors-government-households-and-the-financial-system-may-be-the-subject-of-future-instalments-whilst-the-role-of-technology-might-merit-separate-discussion\">None of this has to be a disaster, but the management of\u00a0<em>involuntary\u00a0<\/em>economic \u2018de-growth\u2019 requires innovative strategies, most obviously in business and government.<\/p>\n<p id=\"none-of-this-has-to-be-a-disaster-but-the-management-of-involuntary-economic-de-growth-requires-innovative-strategies-most-obviously-in-business-and-government-the-aim-here-is-to-concentrate-on-the-pnfc-private-non-financial-corporate-sector-evaluating-strategies-that-could-mitigate-the-worst-effects-of-economic-contraction-other-sectors-government-households-and-the-financial-system-may-be-the-subject-of-future-instalments-whilst-the-role-of-technology-might-merit-separate-discussion\">The aim here is to concentrate on the PNFC (private non-financial corporate) sector, evaluating strategies that could mitigate the worst effects of economic contraction.<\/p>\n<p id=\"none-of-this-has-to-be-a-disaster-but-the-management-of-involuntary-economic-de-growth-requires-innovative-strategies-most-obviously-in-business-and-government-the-aim-here-is-to-concentrate-on-the-pnfc-private-non-financial-corporate-sector-evaluating-strategies-that-could-mitigate-the-worst-effects-of-economic-contraction-other-sectors-government-households-and-the-financial-system-may-be-the-subject-of-future-instalments-whilst-the-role-of-technology-might-merit-separate-discussion\">Other sectors \u2013 government, households and the financial system \u2013 may be the subject of future instalments, whilst the role of technology might merit separate discussion.<\/p>\n<p id=\"readers-are-reminded-that-this-site-does-not-provide-investment-advice-and-must-not-be-used-for-this-purpose-in-any-case-it-would-be-an-over-simplification-to-assume-that-the-decline-in-prosperity-must-crush-discretionary-sectors-whilst-leaving-suppliers-of-essentials-largely-unscathed-in-fact-suppliers-of-intermediate-and-intermediary-services-are-at-even-greater-risk-than-businesses-which-supply-products-and-services-that-the-consumer-might-want-but-doesn-t-need\"><strong>Don\u2019t over-simplify<\/strong><\/p>\n<p id=\"readers-are-reminded-that-this-site-does-not-provide-investment-advice-and-must-not-be-used-for-this-purpose-in-any-case-it-would-be-an-over-simplification-to-assume-that-the-decline-in-prosperity-must-crush-discretionary-sectors-whilst-leaving-suppliers-of-essentials-largely-unscathed-in-fact-suppliers-of-intermediate-and-intermediary-services-are-at-even-greater-risk-than-businesses-which-supply-products-and-services-that-the-consumer-might-want-but-doesn-t-need\">Readers\u00a0<a href=\"https:\/\/surplusenergyeconomics.wordpress.com\/about\/\">are reminded<\/a>\u00a0that this site does not provide investment advice, and must not be used for this purpose.<\/p>\n<p id=\"readers-are-reminded-that-this-site-does-not-provide-investment-advice-and-must-not-be-used-for-this-purpose-in-any-case-it-would-be-an-over-simplification-to-assume-that-the-decline-in-prosperity-must-crush-discretionary-sectors-whilst-leaving-suppliers-of-essentials-largely-unscathed-in-fact-suppliers-of-intermediate-and-intermediary-services-are-at-even-greater-risk-than-businesses-which-supply-products-and-services-that-the-consumer-might-want-but-doesn-t-need\">In any case, it would be an over-simplification to assume that the decline in prosperity must crush discretionary sectors whilst leaving suppliers of essentials largely unscathed.<\/p>\n<p id=\"readers-are-reminded-that-this-site-does-not-provide-investment-advice-and-must-not-be-used-for-this-purpose-in-any-case-it-would-be-an-over-simplification-to-assume-that-the-decline-in-prosperity-must-crush-discretionary-sectors-whilst-leaving-suppliers-of-essentials-largely-unscathed-in-fact-suppliers-of-intermediate-and-intermediary-services-are-at-even-greater-risk-than-businesses-which-supply-products-and-services-that-the-consumer-might-want-but-doesn-t-need\">In fact, suppliers of intermediate (and intermediary) services are\u00a0<em>at even greater risk<\/em>\u00a0than businesses which supply products and services that the consumer might want, but doesn\u2019t\u00a0<em>need<\/em>.<\/p>\n<p id=\"rather-future-trends-will-be-more-nuanced-than-a-simple-decline-in-all-forms-of-discretionary-consumption-what-emerges-from-this-analysis-is-that-businesses-will-need-and-will-be-pressured-by-market-forces-to-front-run-the-process-of-de-complexification-that-will-parallel-contraction-in-the-size-of-the-material-economy\">Rather, future trends will be more nuanced than a simple decline in all forms of discretionary consumption.<\/p>\n<p id=\"rather-future-trends-will-be-more-nuanced-than-a-simple-decline-in-all-forms-of-discretionary-consumption-what-emerges-from-this-analysis-is-that-businesses-will-need-and-will-be-pressured-by-market-forces-to-front-run-the-process-of-de-complexification-that-will-parallel-contraction-in-the-size-of-the-material-economy\">What emerges from this analysis is that businesses will need \u2013 and will be pressured by market forces \u2013 to\u00a0<strong>front-run the process of de-complexification<\/strong>\u00a0that will parallel contraction in the size of the material economy.<\/p>\n<p>\u2026click on the above link to read the rest of the article\u2026<\/p>\n<\/div>\n","protected":false},"excerpt":{"rendered":"<p>#221. Strategies for a post-growth\u00a0economy PART ONE: BUSINESS IN A NEW ERA Under current conditions, it\u2019s increasingly hard to understand why the inevitability of economic contraction remains so very much a minority point of view. Many of us have long understood why past growth in material prosperity has gone into reverse. Here, with the SEEDS [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_monsterinsights_skip_tracking":false,"_monsterinsights_sitenote_active":false,"_monsterinsights_sitenote_note":"","_monsterinsights_sitenote_category":0,"footnotes":""},"categories":[2,3],"tags":[203,641,32626,31315,31314],"class_list":["post-61810","post","type-post","status-publish","format-standard","hentry","category-economics","category-energy-2","tag-degrowth","tag-post-growth","tag-post-growth-economy","tag-surplus-energy-economics","tag-tim-morgan"],"_links":{"self":[{"href":"https:\/\/olduvai.ca\/index.php?rest_route=\/wp\/v2\/posts\/61810","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/olduvai.ca\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/olduvai.ca\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/olduvai.ca\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/olduvai.ca\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=61810"}],"version-history":[{"count":2,"href":"https:\/\/olduvai.ca\/index.php?rest_route=\/wp\/v2\/posts\/61810\/revisions"}],"predecessor-version":[{"id":61812,"href":"https:\/\/olduvai.ca\/index.php?rest_route=\/wp\/v2\/posts\/61810\/revisions\/61812"}],"wp:attachment":[{"href":"https:\/\/olduvai.ca\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=61810"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/olduvai.ca\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=61810"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/olduvai.ca\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=61810"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}