The World’s First Post-Growth Economy

Japan economic growth “One of the problems with the post-growth movement is that it can appear theoretical. No matter how confident we might be, we lack proof that a post-growth economy is possible. Or do we? Perhaps the world already has a post-growth society, albeit an unintentional one. Here’s what Japan’s GDP has been up to for the last twenty years.”

“As far as economists are concerned, this is a tragedy and a disaster. And yet, the lights are still on, everything still works. Literacy is high, and crime is low. Life expectancy is better than almost anywhere on earth – 82 years to the US’ 78. The trains run to the second. Unemployment is only 5%, and levels of inequality are enviable. So maybe Japan isn’t a failure. Maybe it’s just ahead of its time – not ‘stagnating’, but settling into the plateau of ‘enough’.” Read.

Tax Resources, Not Labour

“In our society, high taxes on labor drive businesses to minimize the number of employees. Resources remain untaxed, so we use them unconstrained. This system causes both unemployment and scarcity of resources.” Read. Via Femke Groothuis.

Economy = Energy

“The world economy will contract for at least the next 50 years as oil production declines since oil is such an important proportion of world energy use and oil energy facilitates the production of other energy forms (e.g. coal mining, solar, wind). There may be some local and temporary economic growth in regions with local concentrations of available energy but, on the whole, contraction will be the rule”. Read.