42 The Silver Lining of COVID Induced Recession

GrowthBusters

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4y ago 54:54

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Coronavirus has brought the economies of the world to a grinding halt. The world is (almost) universally mourning the recession – almost. There is a small, but rising chorus of hopeful speculation that the increasingly apparent deficiencies of our growth-obsessed economic system make it ripe for this crisis to shock it onto a more sustainable path.

We invited Brian Czech, executive director of the Center for the Advancement of the Steady State Economy (CASSE) to explain how this recession is “setting up a brighter future for the generations to come.” Our “suicidal obsession with economic growth has caused us to make some bad deals. What happens at the end of the recession is what really matters. Have we learned enough about the shortcomings of GDP growth on a full planet to NOT climb right back on that horse?

LINKS:

Center for the Advancement of the Steady State Economy (CASSE)

Shoveling Fuel for a Runaway Train by Brian Czech

Supply Shock: Economic Growth at the Crossroads and the Steady State Solution by Brian Czech

The Steady State Press

Best of the Daly News

The Silver Lining of the COVID-Caused Recession – by Brian Czech

How To Avert Economic Catastrophe: Ideas From 5 Top Economists (NPR)

Herman Daly and Kate Raworth on Pandemic-Resistant EconomiesFacebook Live Event hosted by Andrew Revkin

An Act of Congress for the Steady-State Timeline

Full Employment and Balanced Growth Act (1978)

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