The black elephant in the room
The Black Elephant In The Room, in this case, is that nothing grows forever. Unlike what our system – the Elephant in The Room – pretends to do, which is designed to do so and doesn’t know how to slow down.
The Black Elephant In The Room, in this case, is that nothing grows forever. Unlike what our system – the Elephant in The Room – pretends to do, which is designed to do so and doesn’t know how to slow down.
That an economic activity has to be profitable is considered a truism, something taken for granted and not reflected upon. But what if the opposite is the case?
Might this be the time to forever do away with the idea that the only way to measure our progress, cultural, social, spiritual, economic, is purely by how much bigger our economy is than it was last year?
At the time of Seneca, rhetoric was perhaps the main skill of a man of culture: the capability of debating was valued and practiced.
Why wait for collapse? Repurposing growth capital now could help unwind the doomsday machine sooner rather than later.
Promoting economic growth is unethical because economic activity has overshot the carrying capacity of the biosphere and is degrading the ecological system.
Economic growth is closely linked to increases in production, consumption and resource use and has detrimental effects on the natural environment and human health.
We should face reality: The other-than-human-world now has become almost entirely eclipsed by an unassailable “superorganism”—us, the human species—that continues to expand in evermore destructive fashion.
In the context of the energy and economic narratives, who needs more willpower? Do our political leaders need “political will” to constrain the choices for both public and private energy company investments?
My milk package, the electric cars, agriculture land use and the wood saving stoves are all examples showing why overall reduction in resources use or emissions (absolute decoupling) through substitution and efficiency is a pipe dream in a growth economy.
For years, financial institutions and governments have been focused on the idea of ‘decoupling’ GDP growth from resource use. This has been driven by the recognition that to stay within the ‘safe limit’ of 2 degrees Celsius, we have to dramatically reduce our material consumption.
We can end poverty, right now, without any additional aggregate economic growth at all. The key here is to recognize that we don’t live in a poor world. On the contrary, we live in an incredibly rich world. Global poverty is a product not of any actual scarcity, but rather of the systematic creation of artificial scarcity.