Last month the (En)Rich List was unveiled here at PGI. Coming out on top was E F Schumacher, one of the most influential men of the 2oth century. But who was Ernest Fritz Schumacher, and what makes him so important? Fritz Schumacher was born in Germany 1911, in time to spend his childhood in the [...]
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Over the last couple of weeks, I’ve read a series of good news stories that were accidentally written up in the business section as bad news.
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What if most of Britain’s economy was incapable of contributing anything more towards the country’s growth? What if Britain has already entered a postgrowth state?
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We have Millennium Development Goals for the poor, so why not Millennium Consumption Goals for the rich?
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In March 2011, Mitch Epstein was awarded the Prix Pictet, an annual photography prize for work that highlights social and environmental issues, with this year’s theme being ‘Growth’. Epstein’s winning series of photographs is called ‘American Power’ in which he documented ‘a consumerist society inured to the consequences of unbridled consumption where growth no longer meant progress, but self-destruction.’
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The economy must grow. The tower must get taller. It doesn’t matter than it gets less stable with every round, and that it can really only end in collapse. That’s the way the game is played – welcome to the Jenga economy.
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The world already has a post-growth society, albeit an unintentional one: Japan hasn’t grown for the better part of twenty years.
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