Saturday, October 20, 2012

What if growth is not the solution?

I was just revising a presentation for one of my classes on the topic of economic growth, in the presentation I present a few alternative approaches to assessing "success" on the national and international level. Proponents of steady state economics and the degrowth movements suggest that in "(over)developed" economies there is no longer a strong correlation between  economic growth and the well-being of that society. Much like choice and wealth - going from having nothing to something is certainly a good thing, but the relationship is not always a linear one. In biology, growth is good to a certain point, and then it's not a good thing... people are starting to understand that the same is likely true with economic growth.

That being said, I pulled up all references to economic growth  in the recent US Presidential and Vice-Presidential debates, as I believe it drives home the point just how deeply ingrained the idea of growth as THE path to wellness is in North America - and how challenging it will be to challenge this underlying assumption at the policy level.

 

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