Good to see that The Great Enrichment has passed some people by and that they are still booing The Great Escape from extreme poverty in the Third World in recent decades
The rate of extreme poverty was halved between 1990 and 2010 blogs.worldbank.org/opendata/new-2… #dataviz via @worldbank https://t.co/yUSQNYSRWh—
Max Galka (@galka_max) January 18, 2016
“Questioning growth is deemed to be the act of lunatics, idealists and revolutionaries” Tim Jackson warned in his report for the Sustainable Development Commission earlier this year. Fortunately he remains undaunted, and the report has been expanded and released as a book: Prosperity Without Growth – Economics for a finite planet.
As you may have noticed, the response to the financial crisis has been to try to restore the status quo as soon as possible, returning us the pattern of steady growth that we had become accustomed to and that our capitalist model demands. ‘Stability – Growth – Jobs’ said the banner at the G20 summit. The problem is that in the longer term, stability and growth are incompatible. “An economy predicated on the perpetual expansion of debt-driven materialistic consumption is unsustainable ecologically, problematic socially, and unstable economically” writes Jackson.
The book goes on to elucidate three fundamental reasons…
View original post 696 more words
Recent Comments