Here’s a day to remember: May 6, 2016. That’s the day when, late in the afternoon, the Legislature of the State of Vermont passed H.C.R. 412, “House Concurrent Resolution Honoring the Center for the Advancement of the Steady State Economy for Its Important Work.” In a nation where acts of steady statesmanship – political support for a steady state economy – have only just begun, the Vermont Legislature has offered a perfect and prescient precedent.
Some may scoff at the idea that any resolution could be momentous. It’s true that, typically, a resolution isn’t as distinguished as a statute, an executive order, or a Supreme Court decision. H.C.R. 412 was one of 47 resolutions passed on that adjourning day of the 2015/2016 Vermont Legislature. True, too, that the legislature didn’t resolve to reform any economic policy with H.C.R. 412.
Now that we’ve looked the donut squarely in the hole, let’s consider what the Vermont Legislature did accomplish:
1) The steady state economy – the only sustainable alternative to unsustainable growth or recession – was brought out of its academic niche into mainstream political dialog. We’re not talking about the ramblings of a quirky county commissioner or misfiring mayor. A state legislature represents the second-highest lawmaking level in the land. In Vermont, a famously beautiful and progressive land that has also offered us a viable presidential candidate, there was virtually unanimous support in the legislature for recognizing limits to economic growth, the problems caused by growth, and the solutions inherent to a steady state economy.
2) Vermonters have proven the phrase “steady state economy” is not the bogeyman it was thought to be by the architects and activists of the “new economy” movement. If a state legislature can stomach, reprint, and even honor the phrase, it’s time to stop the hand-wringing in futile attempts to come up with a warmer and fuzzier phrase that would connote an economy of stabilized size. “Steady state economy” is perfectly clear with no connotations necessary. Let’s just tell it like it is, and thank you Vermont.
3) H.C.R. 412 is loaded with implications for future adjustments to tax codes, budgets, program goals and incentives of all kinds. Meanwhile, it provides leadership that is immediately relevant to consumers. Consumers are citizens who constitute the demand side of the economy. Any citizen mulling the construction of a new home, the purchase of a new vehicle, or the development of a new wardrobe has a decision to make. To illustrate by extreme: Hummer or hybrid? Conscientious, widespread tempering of demand toward sustainable levels starts with leadership, such as provided in H.C.R. 412.
Suddenly, doesn’t the donut look bigger than the hole?
H.C.R. 412 was introduced by Representative Curt McCormack of Burlington. The Burlington connection makes a lot of sense, given the long-running leadership in steady state economics coming out of the University of Vermont and its Gund Institute for Ecological Economics. In fact, McCormack is on the UVM Board of Trustees.
It’s refreshing that, in the political days of short-term memory and “small hands” rhetoric, some politicians are doing their homework on the big picture and the long term. The perpetual push for increasing GDP is a growing threat to the environment, the economy, national security, and international stability, but the threat is clear only for those who stop to think about it. Led by McCormack, May 6 was the day a state legislature stopped to think about it. It’s a day worth remembering.
Photo credit: By GearedBull at English Wikipedia, CC BY 2.5, https://commons.wikimedia.org/w/index.php?curid=7012000