Steven Stoll in Hapers looks forward to "the specter of a no-growth world".
""There is nothing intrinsic in the system that says it cannot exist happily in a stationary state.”
A stationary state. The term comes from John Stuart Mill, who argued, in 1848, that “the increase of wealth is not boundless.” Economists should know, said Mill, that “at the end of what they term the progressive state lies the stationary state, that all progress in wealth is but a postponement of this.”"
This is a more logical take on enviromentalism, one without sea kitten mentalities so to speak. Mckibben's Deep Economy sounds like a prominent step towards more autonomous communities, not unlike the Preservation Institute it appears.
Also, Richard Florida in The Atlantic looks at "How the crash will reshape America"
"The solution begins with the removal of homeownership from its long-privileged place at the center of the U.S. economy. Substantial incentives for homeownership (from tax breaks to artificially low mortgage-interest rates) distort demand, encouraging people to buy bigger houses than they otherwise would. That means less spending on medical technology, or software, or alternative energy—the sectors and products that could drive U.S. growth and exports in the coming years. Artificial demand for bigger houses also skews residential patterns, leading to excessive low-density suburban growth. The measures that prop up this demand should be eliminated.
If anything, our government policies should encourage renting, not buying. Homeownership occupies a central place in the American Dream primarily because decades of policy have put it there. A recent study by Grace Wong, an economist at the Wharton School of Business, shows that, controlling for income and demographics, homeowners are no happier than renters, nor do they report lower levels of stress or higher levels of self-esteem."
Now why would this aspect be left out of every conversation of the housing bubble seen on MSM television? Do they just not do their research? Are they in the tank? Or maybe it's just that they don't think the people who watch their stations are capable of understanding it? Whatever the reason, there is no excuse.
Given the fact the market did not cause the housing bubble...For about five years now I've wondered where do we go from here. It seemed like we had hit a wall, but I always conceded that I just wasn't smart enough or creative enough to see all of the posibilities for growth. So, idk, do we have to keep growing? Or is that just a Marxist ideology, as far as I know he is the only one to say it. Did any of the "classical economists" ever say things must continue to grow?
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