Wednesday, October 10, 2012

Can a no-growth future and capitalism be compatible?

Click here to access article by Pete Dolack from his blog Systemic Disorder

He builds an argument that in a finite world, endless growth is impossible. Thus, he concludes his essay with a question:
If stagnation is the “new normal” of capitalism, then deprivation, pain and worsening inequality is all that it can offer, save for the occasional temporary uptick — a never-ending race to the bottom. Is such a system really the best humanity can do?