Non-growth economic prosperity
An article in the Vancouver Sun, by Craig McInnes, asks the question that seems obvious, but isn’t addressed nearly enough: “What happens if we all get climate change religion?” Specifically: what happens to the economy if we give up our lifestyle of conspicuous consumption? Because it’s consumption which drives growth, and allows everyone in the supply chain, plus the government, to take a slice.
I am not an economist, but last I checked, the central tenet of free-market capitalism is that market agents (buyers, in this case) are free to buy what they want, or, as the case may be, to not buy. Or is this just another of the real truths that arise when people contemplate actually allowing free-markets to happen? That there is in fact a moral imperative to buy, whether you want to or not? How can you say we’re “free” agents when we are compelled to behave a certain way? Why is it that free agency is only good when it’s good in the particular example being cited by whomever is espousing it? Why is it that the market it only recognized when it’s the one we’re used to, the one that supports the status quo? Who truly believes in real free markets? Last I checked, nobody.
What happens, Craig McInnes, is that the people who used to earn a living from making and selling the hallmarks of success—expensive vacations, luxury automobiles, iPods—will have to learn to earn a living making or selling something else: something that isn’t disposable, or ephemeral, or gratuitously symbolic of social status.
When people come to their senses and realize that our culture—the one of equating ownership with status—is bankrupt, we will make do with something else, and that, too, will still require the hard work of everyone.
The problem is not that people will be out of work. The problem, really, is that most people are lazy, stupid and uncreative, and as a result, they resist either learning new skills or in general in adapting to changing circumstance. Most people are glad to have a small number of people creating businesses and markets and industries: laying the groundwork and writing the rules, within which they can prosper by mostly just doing what they are told.
The real question is not what will people do when their company closes down because it’s been made obsolete. The real question is whether there will be any people with the stones to see the opportunities inherent in such a cultural sea change, and whether they those few entrepreneurs will be able to find busy work the vast armies of drones who fill up most of the space in our cities and towns.
If we freed up fifty or seventy five percent of the work force, what would you want them to do with their time, assuming you wouldn’t vote to just let them starve to death?
Maybe we could return to the days of buildings things of quality, beauty and craftsmanship. The problem there is that those kinds of things are too expensive to be commissioned by any except a small group of individuals and businesses (and it’s really not the place of businesses, as we know them, to spend profits by donating them back to their society, more’s the pity). Instead, it would take consortiums of individuals, in the form of non-profit organizations, to do this. I mean, all this money that’s not being spent on gadgets and frippery has to go somewhere. Why not beautify our cities? That would employ many people. Or provide free education?
The possibilities are limited only by the rust which has frozen your imagination, Mr. McInnes.
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