Life beyond growth - issue 434
July 2010, Issue 434
Economic growth is the main objective of governments around the world. Growth leads to prosperity, happiness, employment and progress. Or does it? Even on its own terms, growth isn't working. Wealth doesn’t translate into happiness. Poverty and unemployment are rife. And yet when the system slows down things really fall apart. Consumption drops, bankruptcies pile up, factories close, unemployment soars and social pathologies multiply. It's a vicious circle. It used to be that we needed more people to work because we needed the goods and services they produce. Now we need to keep increasing production to keep people employed, to keep capital investment profitable and to keep the endless cycle of production and consumption spinning. There's got to be a better way.
Get 3 free issues
Sharp analysis and in-depth global coverage delivered to your door, mobile or in-box.
Plus, access the entire archive of over 500 issues with our digital edition.
Included in this issue
You can see our whole archive on the past issues page.