"Capitalism’s growth motor is broken and while there will be temporary repairs, nobody knows how to fix it long term. ‘Deregulation’, the weakening of hard-won protections for people and planet, is again fashionable but while it might give a temporary boost, it won’t change the underlying realities. Instead it will make their impact greater."
#SecularStagnation #degrowth @degrowthuk #ProspectsForDegrowth

As insane wealth concentration gets ever more extreme, wealth turnover in annual spending — the very stuff of economic activity — plummets.

Covid-era spending was just another step down.

The arithmetic of this is not complicated. #SecularStagnation

Politicians remain wedded to #growth as the solution to all problems. But that growth has gone. "To all intents and purposes, we're already living in a kind of #postgrowth economy. But we haven't figured out how to make that work."

@ProfTimJackson on #RadioNZ with Kim Hill → https://cusp.ac.uk/themes/aetw/tj-radionnz-jan23/

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cc #degrowth #wellbeingeconomy #beyondgdp #secularstagnation

Politicians’ growth fetish is the problem—and Sunak is headed for the same budget trap as Truss | New @TheGuardian Op-ed by @ProfTimJacksonhttps://www.theguardian.com/commentisfree/2022/nov/16/politicians-growth-fetish-sunak-budget-climate

"To all intents and purposes, we’re already living in a post-growth world. And it’s time to take that challenge seriously."

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#AutumnBudget #RishiSunak #JeremyHunt #UKtreasury #PostGrowth #Degrowth #SecularStagnation #Recession #WellbeingEconomy #GrowthDependency #BeyondGDP #EconTwitter

Sunak’s growth fetish is a problem: he’s heading for the same budget trap as Truss

The siren call of climate-burning expansion bewitches British politics. More of the same will emerge in the autumn statement, says Tim Jackson, professor of sustainable development at the University of Surrey

The Guardian
@cedric Hi Cedric, not sure I understand you correctly, but it's not just a language exercise—an angle rather to address the underlying dysfunction (#SecularStagnation): when growth is actually not to be had anymore (whatever the understandings of necessity to go #beyondgrowth), the need for tackling the dependency on it becomes evident to a far wider range of actors in the system. And 'de-ideologised' if you like. → https://cusp.ac.uk/themes/aetw/briefing-paper-no1/ #postgrowth #degrowth #precautionaryprinciple
Understanding the New Normal—The Challenge of Secular Stagnation | Policy Brief

This first in our series of briefing papers on building An Economy That Works explores the underlying phenomenon of ‘secular stagnation’ – a long-term decline in the rate of growth of the Gross Domestic Product (GDP). The paper examines the evidence, explores the causes and discusses the implications of what some now call the ‘new normal’ | Keywords: Productivity Puzzle, Secular Stagnation, Post-Growth Economics, An Economy That Works

Centre for the Understanding of Sustainable Prosperity
Embracing the Unthinkable—In 2018, the UK's Ministry of Defence commissioned work on #SecularStagnation for the Strategic Trends review. Here's a blog by Alan Simpson—recovering politician by his own account—sharing some reflections about the research, and subsequent briefing paper for the All-Party Parliamentary Group on #LimitsToGrowth. → https://cusp.ac.uk/themes/aetw/blog_as_embracing-the-unthinkable/ @ProfTimJackson
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cc #PostGrowth #Degrowth #GrowthDependency #WellbeingEconomy #ClimateChange #EconTwitter #GDP #Austerity
Embracing the Unthinkable | Guest blog by Alan Simpson

We are becoming an angry, divided and insecure country, Alan Simpson writes. Right now, it doesn’t have to be that bad. But we don’t have that much time to play with. The key lies in ‘the order of the soul’.

Centre for the Understanding of Sustainable Prosperity
Economic Growth—can we ever have enough? | BBC Radio 4 Analysis with @ProfTimJackson, Jayati Ghosh, Danny Dorling, Benjamin Friedman, Motohiro Sato and Diane Coyle.⁠ Listen via → https://www.bbc.co.uk/programmes/m001dwv0
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#BBCRadio4 cc #ProsperityWithoutGrowth #PostGrowth #Postwachstum #PostCroissance #PostCrecimiento #LifeAfterCapitalism #Degrowth #Decroissance #Decrecimiento #BeyondGDP #BeyondGrowth #GrowthDependency #WellbeingEconomy #Economics #SecularStagnation
BBC Radio 4 - Analysis, Economic Growth - can we ever have enough?

Should there be a ceiling for economic growth in developed countries?

BBC

It’s Not in Your Head: The World Really Is Getting Worse

...Narratives that see widespread economic and technological stagnation setting in sometime around the mid-1970s have become fairly common. And it’s pretty clear that the 1970s were some sort of inflection point, a time when we fell off established income, innovation, and progress curves on a number of fronts. The big question is why....

https://thewalrus.ca/its-not-in-your-head-the-world-really-is-getting-worse/

#progress #SecularStagnation #technology #decline #AndrewPotter

It’s Not in Your Head: The World Really Is Getting Worse | The Walrus

Since the 1970s, wages, infrastructure, and the pace of technology have all stagnated. Can it be reversed?

The Walrus