climate change,economic growth,economy,gdp,gdp growth,limits to growth
economic growth,economy,gdp,gdp growth,limits to growth,overshoot,sustainability
I’d like to thank New York Times’ senior economics correspondent Neil Irwin for acknowledging a few days ago that:
We’re in a Low-Growth World. How Did We Get Here?
Yes, we are in a low-growth world. That’s because we are in a post-growth world! Unfortunately, I don’t think Irwin gets that, as he went on to characterize history-making slow growth rates as a problem to be solved,
economic growth,economy,gdp,gdp growth,limits to growth,overshoot,politics,population growth,sustainability
Warren Buffett makes the Wall of Shame today for – apparently – failing to understand limits to growth. One would hope such a smart and successful businessperson would be aware that the wealth “creation” of the last 80 years has come at a very heavy price on our ecosystems and natural resources, and cannot possibly continue.
climate change,economic growth,economy,limits to growth,resilience,sustainability
It pains me to admit it, but Nelson Lebo III hit the nail on the head with this essay published at The Automatic Earth:
Climate, Energy, Economy: Pick Two
I share this on the Wall of Fame today as an example of enlightened writing about growth-related issues. Lebo forces us to come to terms with something people like me are working every day to prevent: collapse.
I want to give Bryce Covert some applause for pointing out what I’ve long believed but never see mentioned: Presidents do not have much power over the economy. In Ask Not What the President Can Do for the Economy, published in the New York Times this month, Covert points out why promises of candidates to grow the economy are pretty much nonsense.
“THIS year’s presidential candidates, like all candidates before them, have talked endlessly about what they’ll do to boost the economy if they make it to the White House.”
You know the drill, as James Carville famously said during Bill Clinton’s campaign for reelection, “it’s the economy, stupid.” It turns out we are a bit stupid to believe the President (or ANY elected official, in my view) really has much power to influence how “robust” our economy is.