Go to ...

RSS Feed

GDP

Limits to growth: policies to steer the economy away from disaster

From The Conversation: If the global economy grows by 3% till 2100, it will be 60 times larger than now.  The existing economy is already environmentally unsustainable, so we simply cannot“decouple” growth from environmental impact. This paper looks at policies that could facilitate a planned transition beyond growth–while considering the huge obstacles along the way.

Jason Hickel on BBC: Our addiction to economic growth is killing us

From BBC: A recent episode of Newsnight, BBC’s programme on ideas, had a surprising guest: Anthropologist Jason Hickel, who went on to make a case against the lethal addiction to economic growth and in its place proposed “planned de-growth”. Hickel is the author of The Divide: A Brief Guide to Global Inequality and its Solutions.

George Schaller: ‘India has far too casually allowed development in nature reserves’

Dr George Schaller, considered one of the finest field biologists in the world, and has a close connection to India. His work with tigers in Madhya Pradesh’s Kanha National Park, revolutionised wildlife research in India. He tells Scroll.in how Indian conservation has changed, why scientists need to engage with governments and what keeps him going.

M.G. Jackson: A new worldview for our times

The worldview that informs contemporary global culture was conceived during the European ‘Enlightenment’ of the 17th century. Its shortcomings have become increasingly evident today, and they are beginning to be seen as the root cause of the many seemingly intractable global problems that confront us today. This essay presents an overview of an alternative worldview.

Wellbeing and sustainability: irreconcilable differences?

Modernity’s dominant narrative of material progress– which represents an industrial model of development–gives priority to economic growth and a rising standard of living. It is being increasingly challenged by the alternative narrative of sustainability, which seeks to balance social, environmental and economic priorities and goals to achieve a high, equitable and lasting quality of life.

The mismeasure of progress: Is the West really the best?

Western liberal democracies dominate the top rankings of progress indices. But are they the best models of development when their standard of living is unsustainable and their quality of life is, arguably, declining? Only when environmental impacts are given significant weight, as in the Happy Planet and Sustainable Society indexes, does this ranking change substantially.

What has neoliberal capitalism ever done for India?

Colin Todhunter writes: Data from the Multi-dimensional Poverty Index indicates that 20 years ago, India had the second-best social indicators among the six South Asian countries, but now it has the second worst position. Bangladesh has less than half of India’s per-capita GDP but has infant and child mortality rates lower than that of India.

Debate: Is GDP a true and accurate measurement of growth?

A new book, The Great Invention by Ehsan Masood, unveils the genesis of the Gross Domestic Product and how it shaped the modern economic paradigm. It comes at a time when a growing number of people are questioning this flawed metric. Down to Earth magazine presents exclusive excerpts from the book, followed by a debate.

25 years of ‘economic reforms’: The myth of growth

C.P. Chandrasekhar writes: Even the kind of economic growth that liberalisation actually delivered is proving unsustainable.  So, the belief that growth would remain high for years to come, delivering benefits even to those at the bottom of the income pyramid and those steeped in poverty and deprivation, has now revealed itself to be a myth.

Clean energy won’t save us – only a new economic system can do that

Jason Hickel writes: When it comes to climate change, the problem is not just the type of energy we are using, it is what we’re doing with it. What would we do with 100% clean energy? Exactly what we are currently doing with fossil fuels: raze more forests, build more meat farms, expand industrial agriculture.

Can India afford an economy obsessed with GDP growth rate?

Conventional economic analysts argue that achieving adequate human development indicators require a country’s economy has to grow continuously at an appreciable rate;  but, a densely populated and resource-constrained society such as ours cannot afford to ignore the implications of high energy and material consumption (which will be a consequence of high growth of the economy).

S.G.Vombatkere: Neoliberalism: Its reality exposed

Dr. Manmohan Singh was a World Bank employee before he became finance minister and later prime minister. As PM, he nominated Montek Ahluwalia from the IMF as Deputy Chairman of the Planning Commission. The present RBI Governor, Raghuram Rajan, was Chief Economist in IMF. This is how the neoliberal agenda has been imposed on India.

‘GDP = Development’: Debunking the myth

Aniket Motale writes: Many new age economists have realised the limitations of GDP as a measure of development, including a few Nobel Laureates like Joseph Stiglitz. US politician Robert F. Kennedy once criticised GDP saying, “It measures everything, except that which makes life worthwhile “. Let’s take a closer look at the arguments against GDP.

The true cost of the obsession with GDP growth

Shankar Sharma writes: It’s evident that an economic policy focusing on high GDP growth rate has not only not resulted in the elimination of poverty, but is certainly leading to accelerated depletion of our natural resources and to the unacceptable level of pollution of land, water and air, while contributing to the global warming phenomenon.

The false promise of economic growth

We can have it all; that is the promise of our age. We can own every gadget we are capable of imagining, without compromising Earth’s capacity to sustain us. The promise that makes all this possible is that as economies develop, they become more efficient in their use of resources. In other words, they decouple.

High GDP growth centered paradigm and GHG emissions

Shankar Sharma, ORF Energy News Monitor Whereas many conventional economic analysts argue that in order to have adequate human development index the country’s economy has to grow continuously at an appreciable rate, a densely populated and resource constrained society such as ours cannot afford to ignore the implications of high energy / material consumption (which

News update

If We Release a Small Fraction of Arctic Carbon, ‘We’re Fucked’: Climatologist From Vice.com Recently, scientists have made a disturbing discovery in the Arctic Ocean: They saw “vast methane plumes escaping from the seafloor,” as the Stockholm University put it in a release disclosing the observations. The plume of methane—a potent greenhouse gas that traps