We can’t grow ourselves out of debt, no matter what the Federal Reserve does

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October 8, 2012 by locu5amoenu5

We can’t grow ourselves out of debt, no matter what the Federal Reserve does

“Let’s replace our fixation on growth with a steady-state economy focusing on lower consumption, leisure and ecological health”
‘Today’s system is predicated on the progressive conversion of nature into products, people into consumers, cultures into markets and time into money. We could perhaps extend that growth for a few more years by fracking, deep-sea oil drilling, deforestation, land grabs from indigenous people and so on, but only at a higher and higher cost to future generations. Sooner or later – hopefully sooner – we will have to transition towards a steady-state or degrowth economy.’

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