Our economic activities extract resources from this finite Earth, and, to the extent that the waste is being absorbed by the Earth, cannot grow forever. This is because the Earth's sources and sinks are also finite. If the economy expands, at some point it is inevitable that we will encounter the Earth's limits
According to Marxist theory, a coercion for firms to "grow or die" is due to economic competition. According to Marx, capitalism "cannot stand still, but must always be either expanding or contracting".
Increasing GDP is a sign of economic strength, and declining GDP indicates economic weakness. GDP can offer false information when it results from economic destruction—such as a car accident or natural disaster—rather than truly productive activity
Who is happier rich or poor?
In general, surveys say yes; people with higher incomes report that they are happier than poorer people do. New research from Yale SOM's Gal Zauberman and former postdoc Bouke Klein Teeselink looks under the averages and finds there's also greater happiness inequality among those with lower incomes
The extent to which growth reduces poverty depends on the degree to which the poor participate in the growth process and share in its proceeds. Thus, both the pace and pattern of growth matter for reducing poverty.
The headline result is clear: the richer the country, on average, the higher the level of self-reported happiness. The simple correlation suggests that doubling GDP per person lifts life satisfaction by about 0.7 points
The headline result is clear: the richer the country, on average, the higher the level of self-reported happiness. The simple correlation suggests that doubling GDP per person lifts life satisfaction by about 0.7 points
All growth is development but not vice-versa. Development & growth is a product of the interaction of hereditary and environment. They play a vital role in determining an individual's development and growth.
Whatever the ethical merits of the case, the proposition of no growth has absolutely no chance to succeed. For all the many hundreds of years humanity survived without growth, modern civilization could not. The trade-offs that are the daily stuff of market-based economies simply could not work in a zero-sum world, The reason economists are so obsessed with growth is not because we care about the environment or equity but richer countries have higher life expectancy, more leisure time, more female employment, lower infant mortality, and higher quality of life by pretty much every metric, The dominant model of economic development has in fact become anti-life. When economies are measured only in terms of money flow, the rich get richer and the poor get poorer. And the rich might be rich in monetary terms - but they too are poor in the wider context of what being human means.
All the above are copied and pasted from Google, hence the dark type in some sentences.
How have we allowed such an insidious system to rule us, we are still serfs to the Barons, only we have supermarkets now.
