Prosperity Without Growth? says that the current global recession should be the occasion to forge a new economic system equipped to avoid the shocks and negative impacts associated with our reliance on growth. Ahead of the G20 Summit in London, the report calls on leaders to adopt a 12-step plan to make the transition to a fair, sustainable, low-carbon economy.
The report argues that growth is unsustainable ecologically, by moving to more investment for the whole of society prosperity can be created without waste. Essentially capitalism has failed and we need to replace it with something better.
My contribution to the report is here...'Prosperity without Growth, Economics after Capitalism'.
Nice they used part of title....and its even in the Metro
Our 'debt-driven consumption' has created an unstable economy which has created the current financial crisis, a government watchdog said.
The 'fundamentally flawed' system has put jobs and livelihoods at risk, as well as damaging us psychologically and socially, said Prof Tim Jackson of the Sustainable Development Commission.
Rather than using stimulus packages to get back to 'business as usual', governments meeting for the G20 summit should adopt measures to make the transition to a fair, sustainable, low-carbon economy, the Prosperity Without Growth? report said.