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#302358 - 07/17/17 12:52 PM The end of endless growth
logtroll Offline
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Registered: 04/26/10
Posts: 8773
Loc: New Mexico (not old Mexico)
Seven ways to think like a 21st century economist

Quote:
For over half a century, economists have fixated on GDP as the first measure of economic progress, but GDP is a false goal waiting to be ousted. The 21st century calls for a far more ambitious and global economic goal: meeting the needs of all within the means of the planet. Draw that goal on the page and – odd though it sounds – it comes out looking like a doughnut. The challenge now is to create local to global economies that ensure that no one falls short on life’s essentials – from food and housing to healthcare and political voice – while safeguarding Earth’s life-giving systems, from a stable climate and fertile soils to healthy oceans and a protective ozone layer. This single switch of purpose transforms the meaning and shape of economic progress: from endless growth to thriving in balance.
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"You can't fix a problem until you understand what the problem is." Logtroll

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#302359 - 07/17/17 02:18 PM Re: The end of endless growth [Re: logtroll]
rporter314 Offline
old hand

Registered: 03/18/03
Posts: 6373
Loc: Highlands, Tx
Capitalism is based on the fundamental fallacy there is an infinite supply of resources ergo GDP will eventually fail, which leads to new ways of thinking of the old paradigms. The above is an iteration of that thinking.

Will conservatives go out with a bang or will they bite their lower lip and go quietly into the night. I believe what we are seeing in global politics of the resurgence of nationalism and populism is predicated on a looming, ominous, non visualized sense the world order is changing and conservatives will not be the leaders.

Originally Posted By: Dylan
something is happening here. But you don't know what it is. Do you, Mister Jones
_________________________
ignorance is the enemy
without equality there is no liberty

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#302363 - 07/17/17 07:27 PM Re: The end of endless growth [Re: rporter314]
pondering_it_all Offline
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Registered: 02/27/06
Posts: 7504
Loc: North San Diego County
Quote:
an infinite supply of resources


On earth there is a finite supply, but apparently we (the human race) do own the whole solar system and the sun. Our real finite resources are about a million times more than those on the planet itself. All we need to do is to get to them, and some of us are already living in low earth orbit and we've been to the moon several times. The vast wealth of the solar system is NOT beyond reach, so any economic plan that ignores that is doomed to become irrelevant in a few decades.

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#302364 - 07/17/17 07:32 PM Re: The end of endless growth [Re: logtroll]
rporter314 Offline
old hand

Registered: 03/18/03
Posts: 6373
Loc: Highlands, Tx
I will now posit the idea capitalists will only make a move when the internals reveal the problem. Will it be too late? I suspect this is not a linear trajectory, but an exponential one, which means the use of an old cliche .... too little too late

we have to change our thinking
_________________________
ignorance is the enemy
without equality there is no liberty

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#302372 - 07/18/17 05:45 PM Re: The end of endless growth [Re: logtroll]
pondering_it_all Offline
veteran

Registered: 02/27/06
Posts: 7504
Loc: North San Diego County
"Living within our means" is a trap, because we won't. It is not human nature for everyone to cooperate and not use up our available resources. Just look at the current level of CO2 production to really see what humans are like.

What will happen is we either use available resources to break out of an Earth-limited economy (and then have all the resources of the solar system) or we don't. If we don't, we are trapped here and several different events can end all human life on Earth. We won't have the resources to break out.

The end could be slow: Basically drowning in our own waste products. Or it could be very very fast: One maniac starts using nuclear weapons and massive retaliation follows. The current condition is that all nuclear-armed countries can end life on Earth because nuclear arms are a mutual suicide pact waiting to happen. Or it could take a few weeks with a designed virus or nanotechnology released.

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