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Prosperity without Growth

Prosperity without Growth. Tim Jackson 24 th September 2010 Helsinki. The Dilemma of Growth. Rockstrom et al, Nature 461, Sept 2009. Growth is unsustainable . The Dilemma of Growth. Growth is unsustainable De-growth is unstable the pursuit of labour productivity the structure of debt

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Prosperity without Growth

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  1. Prosperity without Growth Tim Jackson 24th September 2010 Helsinki

  2. The Dilemma of Growth Rockstrom et al, Nature 461, Sept 2009 • Growth is unsustainable

  3. The Dilemma of Growth • Growth is unsustainable • De-growth is unstable • the pursuit of labour productivity • the structure of debt • the means of creation of money • the pursuit of profit

  4. The Myth of Decoupling Source: Prosperity without growth, Tim Jackson (London, Earthscan 2009) x 130 improvement CO2/$ < zero by 2100?

  5. Credit The Engine of Growth • shareholder value • creative destruction Firms Spending Income Increasing productivity Investment Novelty Price Households • status consumption • a life without shame

  6. A Better Nature? Novelty Other Self Tradition

  7. Another Prosperity • Prosperity consists in our ability to flourish as human beings – within the ecological limits of a finite planet • material conditions: food , clothing, shelter • social and psychological flourishing: identity, meaning • the role of social goods and public spaces

  8. A Different Economy Ecological Investment Ecological Enterprise Ecological Macroeconomics

  9. Ecological Investment low carbon transition ecological assets social goods decent livelihoods

  10. Ecological Enterprise • providing services • building capabilities • supporting communities • treading lightly

  11. The Productivity Dilemma Productivity growth in Europe 1985 - 2005 Ecological Enterprise Low-carbon, resource efficient economic activities that provide employment, support communities and contribute to human flourishing

  12. Every search saves rainforest! Each free web search saves about 2.4 yd² of rainforest. We have already protected 13,690,860 yd²

  13. Ecological Macroeconomics Ecosystems Ecological investment Ecosystem services ecological productivity Ecological enterprise Participation Capabilities improved flourishing People

  14. Ecological Footsteps Establish the limits Fix the economics Change the social logic

  15. Ecological Footsteps • Establish the Limits • 1. Establishing clearly defined resource/emissions caps • 2. Fiscal Reform for Sustainability • 3. Promoting Technology Transfer and Ecosystem Protection • Fix the Economics • 4. Developing the macro-economics of sustainability • 5. Investing in public assets and infrastructures • 6. Increasing financial and fiscal prudence • 7. Improving macro-economic accounting • Change the social logic • 8. Sharing the work and improving the work-life balance • 9. Tackling systemic inequality • 10 Measuring capabilities and flourishing • 11 Strengthening human and social capital • 12 Reversing the culture of consumerism

  16. ‘The crisis doesn’t only make us free to imagine other models, another future, another world. It obliges us to do so.’ President Sarkozy, September 2009 http://www.earthscan.co.uk/pwg

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