America Needs to Move To Post-Economic Growth Society, Prioritize Community: Gus Speth

Apropos of the need to stop talking about economic growth as unconditional good, disregarding ecological limits, Yale e360 recently ran a good piece by Gus Speth that's worth reading in full. Though he doesn't use the term explicitly he calls for essentially a steady-state economy:

The never-ending drive to grow the overall U.S. economy is ruining the environment; it fuels a ruthless international search for energy and other resources; it fails at generating the needed jobs; it hollows out communities; and it rests on a manufactured consumerism that is not meeting the deepest human needs. Americans are substituting growth and consumption for dealing with the real issues -- for doing things that would truly make us and the country better off.

It is time for America to move to post-growth society where the natural environment, working life, our communities and families, and the public sector are no longer sacrificed for the sake of mere GDP growth; where the illusory promises of ever-more growth no longer provide an excuse for neglecting to deal generously with our country's compelling social needs; and where true citizen democracy is no longer held hostage to the growth imperative.

Read the entire thing: Off the Pedestal: Creating a New Vision of Economic Growth
More on Ecological Economics
Whither Ecological Limits? Jairam Ramesh, Economic Growth & Energy Expansion
Book Review: Prosperity Without Growth - Economics for a Finite Planet

Tags: Economics | United States