Approaching a Steady State Economy, Part 2 — Clean Clothes
To get a sense of how the broader economy works, it’s useful to analyze one particular sector.
To get a sense of how the broader economy works, it’s useful to analyze one particular sector.
How would a non-growing economy function?
Today’s global economy is causing shortages of natural resources (both renewable and nonrenewable) as we come to the end of what might be called the Age of Extraction.
Does a new extractive technology arrive before or after limits to growth in resource throughput are in place?
Most environmental problems build slowly, almost imperceptibly as the economy weaves its way through the ecosystem.
Is any nation on Earth taking seriously the need for a true-cost economy, where we live sustainably in a steady state?
Writing a book is like going on a journey. You explore the terrain, make discoveries, meet interesting people, and maybe learn new languages. The longer the book-writing, the longer the journey.
When Cary Neeper first published excerpts of her novel The Webs of Varok on Resilience.org, one commenter dismissed the work as being “merely a polemic pretending to be a novel.” Only the first charge is correct. The book clearly is an impassioned polemic against the extravagance and destructiveness of industrial society, but it’s hardly “pretending to be a novel.” Rather, it is an involving, well-plotted story that does justice to both the hard science underpinning its interplanetary settings and the long evolutionary perspectives typical of the old scientific romances (those of H.G. Wells, Jules Verne and Arthur C. Clarke). Further, Neeper is in good company in her use of polemic, as Resilience editor Bart Anderson pointed out in his reply to the first commenter’s post. Anderson observed that George Orwell, Sinclair Lewis, Aldous Huxley and many other great authors have used polemic to poignant and lasting effect.
My question was: if GDP has so many flaws and numerous attempts were made at finding ‘better’ numbers, then why are we are still using GDP? Is it possible that there are specific interests supporting the nexus between GDP and policymaking? What are the political dimensions of this almighty number? So I set out to do my research on the history of GDP and realized that this story needed to be told. The story of GDP is the story of how we built the type of society we live in. It is the story of how economics took over all other sciences to become the servant of power.
If I wasn’t fair I’d quote Obama thusly: “Our top priority must be to do everything we can to grow our economy… That has to be our North Star. That has to drive every decision we make in Washington.” Then I could say, “See how obsessed the president is with economic growth?” I won’t, because clearly Obama’s growth agenda is intended to reduce unemployment. But that doesn’t mean his growth agenda is scientifically sound or sustainable. Quite the contrary. And, while Obama may not be literally obsessed with economic growth, what should we say about a document that mentions “growth” 371 times, “sustainable” 35 times, and “natural resources” 6 times? The glass is not empty, but it’s nowhere close to half full either.
On Sunday, February 17, I marched in the largest climate change protest in U.S. history. About 35,000 people gathered on the Washington Monument grounds for a rally and then marched past the White House, calling on President Obama to deny permission for the construction of the Keystone XL pipeline that would transport oil from Canada’s tar sands through the heart of the U.S. to the Gulf Coast.
Now, the good news is, we can make meaningful progress on this issue [climate change] while driving strong economic growth.” With that sentence from his State of the Union address, President Obama capitulated to paltry cynicism. Alas, he will not be the president who finally comes clean on the trade-off between economic growth and environmental protection. Obama is now committed to win-win, green-growth rhetoric.