Politicians remain wedded to #growth as the solution to all problems. But that growth has gone. "To all intents and purposes, we're already living in a kind of #postgrowth economy. But we haven't figured out how to make that work."

@ProfTimJackson on #RadioNZ with Kim Hill → https://cusp.ac.uk/themes/aetw/tj-radionnz-jan23/

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cc #degrowth #wellbeingeconomy #beyondgdp #secularstagnation

RT @CUSP_uk@twitter.com

There’s not much difference between tax giveaways and huge #publicspending cuts. Both of them hurt the poor most. All of it legitimised by the promise of growth. None of it actually works.—@ProfTimJackson@twitter.com → https://www.theguardian.com/commentisfree/2022/nov/16/politicians-growth-fetish-sunak-budget-climate cc #postgrowth #degrowth #SecularStagnation

🐦🔗: https://twitter.com/CUSP_uk/status/1592866755403468805

Now Japan has managed to shield itself from the worst aspects of #SecularStagnation by being an export economy (sell to the #Demand that is abroad) and by very loose monetary and fiscal policy.

Japan is a poster child for #SecularStagnation caused by a declining and aging population. The shrinking and aging population has led to a steady decrease in #Demand and strong recessionary pressures from inadequate #Demand. Why pay your workers more when you see the number of customers decreasing? Then of course workers have low wages and cannot buy things to create #Demand. It is a downward spiral.

Many European and Asian countries have or will suffer from #SecularStagnation due to a declining population which creates inadequate Demand for the economy.

The solution is #Simple: more immigration. This is what the U.S. does to maintain a (slightly) growing population, and it is what Canada has decided to do.

Politicians’ growth fetish is the problem—and Sunak is headed for the same budget trap as Truss | New @TheGuardian Op-ed by @ProfTimJackson → https://www.theguardian.com/commentisfree/2022/nov/16/politicians-growth-fetish-sunak-budget-climate

"To all intents and purposes, we’re already living in a post-growth world. And it’s time to take that challenge seriously."

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#AutumnBudget #RishiSunak #JeremyHunt #UKtreasury #PostGrowth #Degrowth #SecularStagnation #Recession #WellbeingEconomy #GrowthDependency #BeyondGDP #EconTwitter

@cedric Hi Cedric, not sure I understand you correctly, but it's not just a language exercise—an angle rather to address the underlying dysfunction (#SecularStagnation): when growth is actually not to be had anymore (whatever the understandings of necessity to go #beyondgrowth), the need for tackling the dependency on it becomes evident to a far wider range of actors in the system. And 'de-ideologised' if you like. → https://cusp.ac.uk/themes/aetw/briefing-paper-no1/ #postgrowth #degrowth #precautionaryprinciple

Embracing the Unthinkable—In 2018, the UK's Ministry of Defence commissioned work on #SecularStagnation for the Strategic Trends review. Here's a blog by Alan Simpson—recovering politician by his own account—sharing some reflections about the research, and subsequent briefing paper for the All-Party Parliamentary Group on #LimitsToGrowth. → https://cusp.ac.uk/themes/aetw/blog_as_embracing-the-unthinkable/ @ProfTimJackson
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cc #PostGrowth #Degrowth #GrowthDependency #WellbeingEconomy #ClimateChange #EconTwitter #GDP #Austerity

Economic Growth—can we ever have enough? | BBC Radio 4 Analysis with @ProfTimJackson, Jayati Ghosh, Danny Dorling, Benjamin Friedman, Motohiro Sato and Diane Coyle.⁠ Listen via → https://www.bbc.co.uk/programmes/m001dwv0
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#BBCRadio4 cc #ProsperityWithoutGrowth #PostGrowth #Postwachstum #PostCroissance #PostCrecimiento #LifeAfterCapitalism #Degrowth #Decroissance #Decrecimiento #BeyondGDP #BeyondGrowth #GrowthDependency #WellbeingEconomy #Economics #SecularStagnation

It’s Not in Your Head: The World Really Is Getting Worse

...Narratives that see widespread economic and technological stagnation setting in sometime around the mid-1970s have become fairly common. And it’s pretty clear that the 1970s were some sort of inflection point, a time when we fell off established income, innovation, and progress curves on a number of fronts. The big question is why....

https://thewalrus.ca/its-not-in-your-head-the-world-really-is-getting-worse/

#progress #SecularStagnation #technology #decline #AndrewPotter