Frankly: Growth until not
This week’s Frankly adds a third perspective to the ‘growth critical’ conversation – that modern society has a metabolism and momentum and will grow – in non-green ways – until we can’t.
This week’s Frankly adds a third perspective to the ‘growth critical’ conversation – that modern society has a metabolism and momentum and will grow – in non-green ways – until we can’t.
The bottom-line is that SDG 8, requiring the pursuit of ‘economic growth’, actually undermines all the other SDGs. Growth is not a good thing. It is not necessary. And it will soon in any case be ending.
The end of growth and the ensuing long decline, which is already well underway in overdeveloped societies, will punch an enormous hole in the collective consciousness of the West.
In starting to build an economy that prioritizes sustainability and justice, there will be uncountable opportunities to contribute, share, and reconfigure how we go about daily living—and some of those opportunities might just turn out to be deeply fulfilling compared to the rat race of continuous growth.
The end of growth will come one day, perhaps very soon, whether we’re ready or not. If we plan for and manage it, we could well wind up with greater well-being.
Ultimately, bringing our civilization back within planetary boundaries is going to require that we liberate ourselves from our dependence on economic growth—starting with rich nations. This might sound scarier than it really is.
In this article I connect the fall in the growth rate, with its roots in the rising costs of energy extraction and generation, to declining resilience in the economic system. These are in turn related to a more conflict ridden geo-politics.
The end of growth has been postponed as long as is humanly possible. It’s far past time to come to terms with ecological reality and make a deliberate transition to a post-growth regime.
New scientific research is quietly rewriting the fundamentals of economics. The new economic science shows decisively that the age of endlessly growing industrial capitalism, premised on abundant fossil fuel supplies, is over. The long-decline of capitalism-as-we-know-it, the new science shows, began some decades ago, and is on track to accelerate well before the end of the 21st century.
To the question, “What is wrong with the economy?” Trump answers: we have made bad deals…
Can the factors creating a slower growth world find open discussion in time to avoid severe social strife?
We can no longer afford to imagine that we live in an empty world in which we can safely ignore or abuse the nonhuman beings and objects in it with minimal consequences. Rather we live in a full world, cheek by jowl with all its inhabitants crowding into our lives with real, tangible consequences–inhabitants that now ask to be considered before the voting begins.