[p2p-research] The end of growth?
michelsub2004 at gmail.com
Thu Aug 13 04:46:07 CEST 2009
I really like your last paragraph, and wonder if you could expand it to a
full blog article?
A drastic reduction in inputs required per unit of output, and the
disappearance of the price mechanism altogether for much of what we
consume, would register in conventional econometric statistics as a
catastrophic economic collapse. But it would be entirely compatible
with a radical increase in actual material standard of living.
On Thu, Aug 13, 2009 at 3:50 AM, Kevin Carson <
free.market.anticapitalist at gmail.com> wrote:
> On 8/8/09, Michel Bauwens <michelsub2004 at gmail.com> wrote:
> > But it is only a particular kind of growth that has become impossible,
> > kind that neoliberalism and friedmanism promoted that refused to take
> > account any externalities.
> > A steady state economy, that recognizes that any input has to recycled
> > into the system to the degree that it depletes physically limited
> > has tremendous 'alternative growth' potential.
> Exactly. The question of whether "growth" can continue is meaningless
> until the neoclassical conception of what "growth" itself means is
> pinned to the board for a thorough dissection.
> Since conventional measures of economic output and GDP reflect
> primarily the economic value of inputs consumed, they are largely
> irrelevant. The GDP consists largely of the cost of Bastiat's "broken
> windows" and of the cost of waste. The more superfluous steps are
> added to the Rube Goldberg mechanism of material production, and the
> more tribute we have to pay for proprietary design and content, the
> higher the GDP--even if we're working longer hours to pay for the same
> A drastic reduction in inputs required per unit of output, and the
> disappearance of the price mechanism altogether for much of what we
> consume, would register in conventional econometric statistics as a
> catastrophic economic collapse. But it would be entirely compatible
> with a radical increase in actual material standard of living.
> Kevin Carson
> Center for a Stateless Society http://c4ss.org
> Mutualist Blog: Free Market Anti-Capitalism
> Studies in Mutualist Political Economy
> Organization Theory: A Libertarian Perspective
> p2presearch mailing list
> p2presearch at listcultures.org
Work: http://en.wikipedia.org/wiki/Dhurakij_Pundit_University - Research:
http://www.dpu.ac.th/dpuic/info/Research.html - Think thank:
P2P Foundation: http://p2pfoundation.net - http://blog.p2pfoundation.net
Connect: http://p2pfoundation.ning.com; Discuss:
Updates: http://del.icio.us/mbauwens; http://friendfeed.com/mbauwens;
-------------- next part --------------
An HTML attachment was scrubbed...
More information about the p2presearch