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Ok - if you subscribe to the "happy degrowth" theory, that changes everything. But that has nothing to do with fiat money or gold standards; on the contrary, I
by danmaz74 14y ago
Ok - if you subscribe to the "happy degrowth" theory, that changes everything. But that has nothing to do with fiat money or gold standards; on the contrary, I would argue that fiat (ie, government controlled) money would make it much easier to make a transition to that new way of life.
But the transition to a happy degrowth FOR SURE can't happen with simple market mechanisms. At least you need to limit the working hours. At worst you need a completely controlled economy. Technological innovation + free market + degrowth = massive and unsustainable unemployment, that's for sure.
- white_devil 14y agoAn economy that depends on endless, exponential growth not to implode is clearly not sustainable, regardless of what snarky terms you might come up with to ostensibly describe my position. My position is that of common sense.