Who Will Get This Economy Moving? No One

Nov 05, 2012

U.S. President Ballot with Reality an Option“We’ve got to get this economy going again!” Unless your cave lacks wifi, cable or satellite, you’ve heard this once or twice in the last four seconds.

Job creation and economic growth dominate the November election in the U.S. — perhaps more than any election in history. Campaign ads for local, state and national candidates all promise jobs. The presidential election this year has become a referendum on who can breathe new life into our economy.

News Flash: Neither presidential candidate will succeed.

What if our unexamined assumptions about the need and possibility of perpetual economic growth are wrong? What if robust economic growth is our civilization’s way of driving off a cliff? What if the planet is incapable of supporting continued increase in global economic throughput?

We’ll excuse almost anything if it happens in the name of jobs. At last count the U.S. Congress had passed 247 anti-environmental measures in its current term. The Republican Party wants to throw environmental regulations overboard because they throttle back the unfettered growth we must have. Across the aisle, many who normally exhibit a stronger environmental ethic are joining the massacre, so strong is the mandate to grow the economy and create jobs. Few, if any, are apologizing for sacrificing environmental protection on the altar of economic growth.

Our Democratic president, who four years ago promised to stop the rise of the oceans and heal the planet, is now approving drilling in the Arctic, promoting hydraulic fracturing, and bragging about his support for fossil fuel exploration in national debates. Climate change has not even been on the table this election year.

Social critic Noam Chomsky observes:

“The two major parties both propose that the colossal machine of everyday life in America can not only run indefinitely, but continue expanding, and include ever more member people who trade ever more schwag. All that is required, they say, is twiddling the settings of the machine, to get it back to running smoothly as it did in the good old days before the mystifying crash of 2008. They disagree slightly on which dials to twiddle.”

Politicians are ignoring the cascade of environmental crises, all tied to the huge scale of the human enterprise (population and economy) on the planet:

  • Climate disruption;
  • Species extinctions;
  • Depletion of soil fertility;
  • Collapsing fisheries;
  • Air and water toxification;
  • Fresh water supply crises;
  • Deforestation and desertification.

No question many people are struggling and feeling true pain from this “great recession.” Everyone needs meaningful work, a roof overhead, and a chicken in the pot. Yet throwing our natural world under the bus in an attempt to restore the robust economic growth we knew during the last century is not an intelligent way to secure these things. We ought not burn down the house to keep warm. We must leave for the next generation a world worth inheriting.

“What is the business case for destroying the planet?”
– Ray Anderson, founder and chair of Interface, Inc.

It’s time to examine the unexamined assumptions, time to re-evaluate our goals, our metrics, and our definitions of success — including what we mean by “progress” and the “American Dream.” They don’t have to mean more stuff. We’ve reached a point where our quest for MORE is detracting from the quality of our lives. It’s time to acknowledge that quality is more important than quantity.

The definition of the American Dream got hijacked.

In my film, GrowthBusters: Hooked on Growth, Raj Patel, author of Stuffed and Starved, calls our society’s infatuation with economic growth a “fetish.” He has many allies in suggesting that GDP growth is a poor measure of life satisfaction. Former World Bank economist Herman Daly tells us growth has become “uneconomic,” meaning its costs outweigh its benefits.

“In an empty world, it was a safe bet that growth was making us richer, but we no longer live in an empty world. We live in a full world.”
– Herman Daly, Former World Bank Economist

The evidence is compelling enough to convert smart people who spent much of their professional lives in pursuit of growth. Commentaries are appearing in major financial and global affairs publications questioning the possibility of perpetual growth. Financial gurus — Jeremy Grantham, Paul B. Farrell, Jeff Rubin, and John Fullerton, to name a few — are warning us we are hitting the wall of resource scarcity.

We are experiencing The End of Growth, as energy expert Richard Heinberg describes in his thought-provoking book. It’s a brutal truth we must face. We have hit peak oil, peak food, peak biodiversity and peak water. We had a good run, but the party’s over. The days of 3% annual GDP growth and ever-increasing material wealth are behind us. Stimulus packages, tax cuts, deficit spending, austerity — it doesn’t matter what we try, we cannot repeal the laws of physics.

Yet the political climate demands that our representatives and candidates avoid telling us the truth. We don’t want to hear the truth. Recent history tells us we can have it all; that is all we’ve known for the past 300 years. Ronald Reagan swept into office telling us we could and would have more.

“There are no limits to growth, because there are no limits of human intelligence, imaginations, and wonder.”
– Ronald Reagan

Notice any similarities?

Chomsky offers:

“Reality knows we have entered a long-term compressive economic contraction; that there is no way we can persist in the current living arrangement; and that the necessary outcome to avoid immense human suffering can be described as the downscaling and re-localizing of everything we do.”

We need a modern-day Martin Luther King, Jr., a true leader with the integrity and courage to tell us the truth, and the charisma to inspire us to follow. We hold these truths to be self-evident:

  • The pie isn’t getting bigger, and over 7 billion of us want a slice.
  • We do not get to be materially richer next year than we are this year.
  • Our children don’t get to have more money and more stuff than we had.
  • That’s okay, because money and stuff are not what really matter in life.

Not one of the candidates on the ballot for U.S. President is telling us this. The most hopeful sign in the political landscape is a write-in campaign for two steady-state economics candidates, Rob Dietz (editor of the Daly News) and Bill Ryerson (CEO of The Population Institute and President of Population Media Center). The centerpiece of their platform is to transition the U.S. to a steady-state economy. Of course, this ticket is a few hundred million dollars shy of being a contender. And it’s a cold political reality that today no candidate can win election on a platform that respects the laws of physics on a finite planet.

Regardless of whom we elect as the next U.S. President, in four years we’ll still be in the great recession. The only difference between the two major candidates is how much damage we’ll have wreaked on the environment in our futile efforts to restore growth, and how much the rich will profit while we waste precious time.

We can live sustainably, practicing the intergenerational golden rule, and — in so doing — live good and happy lives. But this requires us to recognize growth is no longer delivering the goods, and it can’t continue anyway. It requires that we seek not a growing economy, but a healthy economy — one that is not liquidating the planet’s resources. The sooner we do this, the sooner we can enter the next phase of true human progress.

Dave Gardner directed the documentary, GrowthBusters: Hooked on Growth, which examines our culture’s infatuation with economic and population growth. The film is being rereleased this week in a special edition. The “Final Cut” is a lean 54 minutes and includes new bonus features, some previously unseen. This post was originally published here in The Daly News.


4 Responses to Who Will Get This Economy Moving? No One

  1. Dave Gardner says:

    Yesterday President Obama was reelected. While I think this was a small win for environmental stewardship, only time will tell whether this president can/will move the U.S. toward sustainability in any significant way. Fiddling at the margins isn’t going to do it. We need dramatic changes in goals and metrics. We don’t need more spending at the mall.

    I find myself wanting to be hopeful. This is a man who could paint a picture for us and possibly inspire us to try to get there. I’m not sure he gets it. And even if he does, will he be courageous and visionary enough to buck the system that keeps us headed toward that cliff?

    I haven’t seen a lot of evidence that he has that kind of vision, but I’m crossing my fingers…

  2. I’m not disappointed by Obama and Biden. It was obvious in 2007 the Empire had picked Obama to be the “kinder, gentler” front man.

    Obama is more like General Colin Powell than Martin Luther King. King connected the dots between racism, war and economic injustice, the reason he was killed. The last President who tried to change course was JFK, and we all know what happened to him for trying to do that, even if it is not polite to mention.

    I wrote in NONE OF THE ABOVE, an honorable choice.

    I love your quote that you cannot get elected talking about the limits to growth. I hope we reach Peak Denial some day.

  3. Dave Gardner says:

    Mark, I love the idea of “peak denial.” Great phrase, and one peak I am doubling my efforts to move us past!

  4. My guess is we will never reach Peak Denial.

    June 27th, 2012

    http://www.c-realm.com/podcasts/crealm/316-peak-blame/

    316: Peak Blame

    http://media.blubrry.com/c_realm/p/c-realm.com/wp-content/uploads/316PeakBlame.mp3

    KMO welcomes Mark Robinowitz of OilEmpire.us back to the C-Realm Podcast to discuss why both the mainstream political left as well as the right in the United States cannot address the demands of Peak Oil in a realistic way. Republicans have rebuked Navy Secretary Ray Mabus for attempting to ween the Navy off of fossil fuels because they see finding alternatives to petroleum as a Democratic partisan issue. Established environmental and social justice organizations are still holding onto unrealistic Green Technology and Green Capitalism paradigms and have yet to come to terms with the fact that the project of the 21st Century will be figuring out how to equitably distribute a shrinking pie. One thing unlikely to be in short supply as the realities of diminishing fossil fuel reserves make themselves unmistakable: blame. Mark hopes that we can achieve Peak Blame sooner rather than later and get on with the grown-up work of figuring out how best to deploy our remaining energy resources.

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