It seems to me that we ought to be able to create a new economic system ("NoGrowth-ism"), with the following four basic characteristics:
1 - NoGrowth-ism can sustain a healthy economy without overall growth. *(And that includes ZPG.)
2 - NoGrowth-ism can provide some flavor of UBI (universal basic income), but recipients would have to "grab a shovel" to receive income. Something like the CCC in the depression.
3 - NoGrowth-ism can provide basic services for a healthy society: healthcare, education, infrastructure..
4 - NoGrowth-ism can allow inventors and innovators to be financially rewarded. Wealth is possible.
I've always heard that economic systems require constant growth, but I've never seen a good proof for that claim, and it has never seemed intuitively true.
*edited to include "no ZPG".
1 - NoGrowth-ism can sustain a healthy economy without overall growth. *(And that includes ZPG.)
2 - NoGrowth-ism can provide some flavor of UBI (universal basic income), but recipients would have to "grab a shovel" to receive income. Something like the CCC in the depression.
3 - NoGrowth-ism can provide basic services for a healthy society: healthcare, education, infrastructure..
4 - NoGrowth-ism can allow inventors and innovators to be financially rewarded. Wealth is possible.
I've always heard that economic systems require constant growth, but I've never seen a good proof for that claim, and it has never seemed intuitively true.
*edited to include "no ZPG".
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