“ Prosperity without growth” *
or HOW MUCH IS ENOUGH ?
“I am not a rich man, nor dor I fly around the world and drink champagne with famous people in exotic island, nor do I own a penthouse or a sport car or even a yacht — And I yet, I feel good!”(1)
Indeed — “Listen to the news today and you would think that economic growth was the only answer to all our problems”(2)
“Every day the system in which we live tries to persuade us – via TV news, politicians’ speeches, corporate pronouncements, inducements to consume and so on – that our prosperity is intimately linked to whether or not Gross National Product is growing and whether stock markets are riding high. These are the two main measuring sticks for the version of capitalism on which most countries base their economies today — GDP is a ridiculous indicator to gauge the health of our economy. Endless growth is a ridiculous notion to the typical ecologist because we live on a planet with finite resources”(3) – Consumers must start considering their needs not their wants.
“40 years ago, I repeat 40 years ago a group of scientists at the Massachusetts Institute of Technology (MIT) wrote The Limits to Growth, broke a modern taboo: it suggested that growth itself might be the problem. And, in his Principles of Political Economy, 1848, John Stuart Mill raised and answered the question like this: “Towards what ultimate point is society tending by its industrial progress? When the progress cease, in what condition are we to expect that it will leave mankind? — For one thing,the message of the Limits reports demonstrate how & under what circumstances, we could possibly enjoy “growth” forever in a finite world“(1)
“Our economic model must shifted from “growth”-oriented to “sustainable development”-oriented. Carbon dioxide management is under control. Energy efficiency is the norm. The few remaining rainforests have been preserved as global lungs and sinks. The acidity of the oceans is falling. Coral reefs are recovering. Fish stocks are thriving. Global biodiversity loss has stopped accelerating — Is any of this really possible? — There is no one-size-fits-all solution to the variety of problems listed above”(4)
Progress can no longer be measured by GDP — “Unsurprisingly – High on the list is the need for us all to consume less “stuff” and to seek a type of prosperity outside the conventional trappings of affluence: within relationships, family, community and the meaning of our lives and vocations in a functional society that places value on the future. I am convinced that capitalism as we know it is torpedoing our prosperity, killing our economies and threatening our children with an unlivable world wrote Tim Jackson”(3)
“If we focus on improving quality of life rather than boosting quantity of consumption, we could be happier even as our economy downsizes to fit nature’s limits. Alarm bells are ringing. Wake up to the post-growth economy”(5)
THE 9 BILLION-PEOPLE QUESTIONS
It’s only common sense that growth can’t go on forever. Personnaly I would welcome a world that thought more about happiness and less about consuming — Don’t you agreed, “In the place of the current dominant system, We Must abandon the religion of growth as Mr Serge Latouche argues for «a society of assumed sobriety; to work less in order to live better lives, to consume less products but of better quality, to produce less waste and recycle more» The new society would mean «recuperating a sense of measure and a sustainable ecological footprint» Latouche says, «and finding happiness in living together with the others rather than in the frantic accumulation of gadgets» It is difficult to break out of this addiction (to growth) especially because it is in the interest of the “dealers” (multinational corporations and the political powers serving them) to keep us enslaved”(6)
THE VISIBLE HAND
Today, “The sense of uncertainty (even to panic) prevailing in the West is palpable, and rightly so. People are worried about their futures and Europe to point to a debilitating “lack of leadership” and decision. People calls for a fairer system because bad habits have accumulated. Interest groups have emerged to protect the status quo. The political response have been too little, too late, to say the least to fix the banking system”(7) like lately the case of JP Morgan Chase revealing $2 billions loss from a trader in so called credit derivatives.
“Inequality is part of the natural dynamic of a capitalism when there’re no checks to counter-balance wealth & power. But governements may not have that much muscle left. The debt & deficit is also pressuring politicians to make capitalism even freer. Even since the FED and the BCE has helped banks by spoon-feeding it easy money which allow bankers to turn profits at little cost. They rewarded bad practices”(8) The Greek drama is looking like a slow motion train crash. Now we stand at crossroads. It’s time to face the truth. Crash? Default? & chaotic bankruptcy? and will followed by serious & unpredictable consequences, not just for Greece, but for the all Eurozone”(9)
PROS and CONS
Well, we can talk forever and of course there are pros and cons but time is come for a new choice of model. Don’t worry (about GDP), be happy!. The quest for grow in GDP and corporate profits has in fact worsened the lives of millions of women and men and also the marketization of public life has pulling us apart…
«The superflux, this so necessary thing» Voltaire
Finally, the first step to financial health:Live within your means. And, I adopted Leo Babauta’s approach. “The truth is, you don’t need a lot to live well — you just need the right mindset: Want little and you are not poor. Focus on the present. Be happy with what you have & where you are. Be grateful for the small pleasures in life. Be driven by joy and not fear. Practice compassion. Forget about productivity & numbers”(1)
« Always live every day as if it was the last day»
« Il faut toujours vivre chaque jour comme si c’était le dernier jour » Marc Aurèle
- « What gives me courage is the encounter with the other »
- «No one can not wear a mask very long» Sénèque
- «Our life is fittered away by detail…simplify, simplify» Thoreau
(1) Leo Babauta, zenhabits.net (2) Andrew Swimms, The Guardian (3) Jeremy Leggett – Tim Jackson, Prosperity without Growth (4) Jill Jäger, A Vision for our Planet (5) Life after the end of economic growth (6) Serge Latourche, We Must abandon the religion of growth – entropia-la-revue.org (7) Mohamed El-Erian, David Brooks (8) Michael Schuman, Time;com (9) Gregorz Kolodko


























