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Table Of Contents

Foreword
Summary
Introduction
Redefning Prosperity
The Dilemma of Growth
The Myth of Decoupling
Confronting Structure
Keynesianism and the ‘Green New Deal’
Macro-economics for Sustainability
Flourishing – within limits
Steps towards a Sustainable Economy
References
Endnotes
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Prosperity Without Growth

Prosperity Without Growth

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Published by Blue
The Sustainable Development Commission report Prosperity without growth? Says that the current global recession should be the occasion to forge a new economic system equipped to avoid the shocks and negative impacts associated with our reliance on growth. Ahead of the G20 Summit in London this week, the report calls on leaders to adopt a 12-step plan to make the transition to a fair, sustainable, low-carbon economy.

Report author Professor Tim Jackson, Economics Commissioner at the Sustainable Development Commission said:


Faced with the current recession, it is understandable that many leaders at the G20 Summit will be anxious to restore business as usual. But governments really need to take a long, hard look at the effects of our single-minded devotion to growth - effects which include the recession itself.
“For millions in developing countries, growth is clearly still vital to deliver basic standards of living and well-being. But, in developed countries including the UK, far from increasing prosperity, our debt-driven consumption has created an unstable system which has put jobs and livelihoods at risk, as well as damaging us psychologically and socially.

Prosperity without growth? finds that our current financial crisis is directly linked to our pursuit of growth. Our reliance on debt to finance the cycle of growth has created a deeply unstable system which has made individuals, families and communities inherently vulnerable to cycles of boom and bust, while increasing consumption does not make us happier.

The report shows that economic growth has delivered its benefits at best unequally, with a fifth of the world’s population earning just 2% of global income. Even in developed countries, huge gaps remain in wealth and well-being between rich and poor.

The pursuit of growth has also had disastrous environmental consequences. In the last quarter of a century, while the global economy has doubled, the increase in resource consumption has degraded an estimated 60% of the world’s ecosystems and led to the threat of catastrophic climate change.

The material profligacy of consumer society is depleting natural resources and placing unsustainable burdens on the planet’s ecosystems. There is an urgent need to establish clear resource and environmental limits on economic activity and develop policies to achieve them.

Source: Sustainable Development Commission
The Sustainable Development Commission report Prosperity without growth? Says that the current global recession should be the occasion to forge a new economic system equipped to avoid the shocks and negative impacts associated with our reliance on growth. Ahead of the G20 Summit in London this week, the report calls on leaders to adopt a 12-step plan to make the transition to a fair, sustainable, low-carbon economy.

Report author Professor Tim Jackson, Economics Commissioner at the Sustainable Development Commission said:


Faced with the current recession, it is understandable that many leaders at the G20 Summit will be anxious to restore business as usual. But governments really need to take a long, hard look at the effects of our single-minded devotion to growth - effects which include the recession itself.
“For millions in developing countries, growth is clearly still vital to deliver basic standards of living and well-being. But, in developed countries including the UK, far from increasing prosperity, our debt-driven consumption has created an unstable system which has put jobs and livelihoods at risk, as well as damaging us psychologically and socially.

Prosperity without growth? finds that our current financial crisis is directly linked to our pursuit of growth. Our reliance on debt to finance the cycle of growth has created a deeply unstable system which has made individuals, families and communities inherently vulnerable to cycles of boom and bust, while increasing consumption does not make us happier.

The report shows that economic growth has delivered its benefits at best unequally, with a fifth of the world’s population earning just 2% of global income. Even in developed countries, huge gaps remain in wealth and well-being between rich and poor.

The pursuit of growth has also had disastrous environmental consequences. In the last quarter of a century, while the global economy has doubled, the increase in resource consumption has degraded an estimated 60% of the world’s ecosystems and led to the threat of catastrophic climate change.

The material profligacy of consumer society is depleting natural resources and placing unsustainable burdens on the planet’s ecosystems. There is an urgent need to establish clear resource and environmental limits on economic activity and develop policies to achieve them.

Source: Sustainable Development Commission

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Published by: Blue on Apr 25, 2009
Copyright:Attribution Non-commercial

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03/29/2012

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