Prosperity without Growth? - The transition to a sustainable economy
[Abstract]
The conventional formula for achieving prosperity relies on the pursuit of economic growth.
Higher incomes will increase wellbeing and lead to prosperity for all, in this view.
This report challenges that formula. It questions whether economic growth is still
a legitimate goal for rich countries like the UK, in the context of the huge disparities in
income and wellbeing that persist across the globe and the constraints of living within finite
environmental limits. It explores whether the benefits of continued economic growth still
outweigh the costs and scrutinises the assumption that growth is essential for prosperity.
In short, it asks: is it possible to have prosperity without growth?
I haven't had a chance yet to read more than the summary, but it is interesting this comes on the eve of the G20 summit in London. Perhaps more, it is a report from a legitimate government watchdog agency that directly challenges the growth paradigm in today's terms. This conversation is absolutely necessary at the political level if we want half a hope of a future.
More from Climate and Capitalism.
No comments:
Post a Comment