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The author cherry picked US, where, BTW, a substantial chunk of GDP increase doesn't go to households, and therefore, to consumption, but into financial assets
by dariosalvi78 5y ago
The author cherry picked US, where, BTW, a substantial chunk of GDP increase doesn't go to households, and therefore, to consumption, but into financial assets [1].
More serious analyses have shown that decoupling is as "magical thinking" as de-growth.[2]
I agree that degrowth is a hard pill to digest, and that converting our economy to greener alternatives may even fuel growth for some time, but I can't see how infinite growth should still be our goal, especially considering that human population will soon stabilise.
[1] https://russroberts.medium.com/do-the-rich-capture-all-the-gains-from-economic-growth-c96d93101f9c https://russroberts.medium.com/do-the-rich-capture-all-the-g...
[2] https://www.sciencedirect.com/science/article/abs/pii/S1462901120304342 https://www.sciencedirect.com/science/article/abs/pii/S14629...