Prosperity Without Growth (a summary, part 1 of 2)

in enviornment •  6 years ago  (edited)

View this post on Hive: Prosperity Without Growth (a summary, part 1 of 2)

I've moved to Hive, along with most other people, following Justin Sun's takeover of Steem in the Spring of 2020. I believe hive is a lot more decentralised than Steem!

enviornment
6 years ago by

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      ·  6 years ago 

    Growth is pushed by those in charge because that is the only way the economy can function when the currency is debt based.

    If growth is too low, the interest paid on the money that has already been borrowed into existence exceeds the new money being borrowed into existence and you end up in a deflationary vortex. Unless we wake up to this collectively and force monetary change we are headed towards some sort of financial calamity.

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    1 vote
    [-]
      ·  6 years ago 

    we are heading towards some sort of financial calamity

    • again!

    And I'm not just talking about 2008, all the many crashes before.

    I'm quite taken by the argument that it's deliberate... debt fuelled booms and busts keep the rich in power while occassionally disrupting the poor.

    How's life btw - long time no hear!

    Bit consumed with the house build I guess which looks great so far btw!

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    2 votes
    [-]
      ·  6 years ago 

    Things have been good but crazy busy with the house build. I haven't had much time to keep up with much else. How have you been doing? Did moving to the new house pan out the way you had planned so far?

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      [-]
        ·  6 years ago 

      Good to hear it - your sort of busy is good!

      Well I've halved my mortgage and I've been lucky with a new teacher training job (few days a month) and the revision tuitions going well so all good.

      Life's just a bit too easy maybe!

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      2 votes
      [-]
        ·  6 years ago 

      It is tough to put these metrics in a vacuum to decide whether it is or not a driver of prosperity but it brings some great questions regarding capitalism in my perspective. Look forward to reading your thoughts on the rest!

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      1 vote
      [-]
        ·  6 years ago 

      It's a fact that once you get to a certain level in education, everything just becomes a question of the most valid way to measure concepts!

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        [-]
          ·  6 years ago 

        Sounds like an interesting read, and certainly is not a new idea. Strange how some folks still maintain GDP is the only way. I wonder if the only people saying that are economists from large GDP / 1st-world nations, and those who aspire to be?

        "Many of his ideas have been around for decades and are basically just classic ‘left-green criticisms’ of capitalist economics, so there’s nothing new in the critique."

        I'd like to offer a slightly different view on this statement.

        And that is, this perspective is not left-green, but that the left-green have taken that idea and run with it.

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        1 vote
        [-]
          ·  6 years ago 

        No these ideas have been around since the 1970s - I could go dig out my old essays from my Political Sociology Masters for the references, or you could just take my word for it! One of main text books on environmental thought history is by a guy called David Pepper, I remember that much!

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          [-]
            ·  6 years ago 

          I would recommend to read Sapiens: A Brief History of Humankind
          by Yuval Harari
          There is a paragraph where the author is explaining why happiness or well-being does not depend on wealth.
          Sa.jpg

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            1 vote
            [-]
              ·  6 years ago 

            Cheers, it's on my books to read list. I might even get around to it this year!

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              1 vote
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                ·  6 years ago 

              I have currently read 250 pages and I'm looking forward to try his other books!

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                  ·  6 years ago 

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                    ·  6 years ago 

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                      ·  6 years ago 

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                        ·  6 years ago 

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