Saturday, 21 May 2016

Prosperity Without Growth

This book, an explosive and compelling case for the possibility, nay, necessity, of post-growth economic development by Tim Jackson, should be compulsory reading for every Western economic policymaker. Along with this book on de-growth, it was one of my core texts for an incredibly bleak essay I just finished writing yesterday. My last essay of the year, probably the best and also the most depressing thing I've ever written. In light of this, disproportionately to how excellent this book is, this post will be really short (actually, this time).
   Tim argues that global capitalism has been historically given free rein by an economics that's sorely out-of-touch with real life on a physical planet to the extent that our world economy now threatens natural boundaries and limits. Some of these are obvious depletion issues - we're using up non-renewable resources without establishing sustainable replacements for when they run out, and we're exploiting renewable flows of energy and resources at a pace that far outweighs nature's capacity to regenerate them. In short, a crunch is coming, and the best hope we have of meeting this challenge is to abandon our structural enslavement to consumerism, which only perpetuates inequality and injustice and doesn't even substantively improve subjective human wellbeing in these prosperity-by-growth societies. Instead, we must look to localism, environmentalism, egalitarianism, and contentment with a life less dependent on material attainments, as pillars of a new direction for the world's political and economic systems. Obviously this is an enormous shift, but Tim outlines along with the arguments in favour of such a huge redirection various policies that could help accelerate changes toward such a transition being possible.
   Overall - an absolutely superb and essential book, if you're interested in or have even a scrap of influence in the realms of politics, economics, ecology, human society's future stability, and individual wellbeing, (and especially the tight nexus where all these topics overlap at ideas about post-growth development), give this a read.

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