Life after growth
“We have reached the end of economic growth as we have known it” writes Richard Heinberg in his latest ‘museletter’. The financial crash, coupled with the end of cheap oil, suggests that the global economy has turned a corner. It may not be possible to return to business as usual, and economic growth might soon turn out to be a policy of the past.
In response to the end of economic growth, Heinberg advocates smaller, local action, building community resilience, and that we should get on with the experiment: “We must assume that a satisfactory, sustainable way of life is achievable in the absence of fossil fuels and conventional economic growth, and go about building it.”