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Posted Sat Jan 15 2011: from EnvironmentalResearchWeb:
'Stepping off the GDP escalator' path to sustainable economies
Buy, buy, buy; that is the message that most of us hear, and for the last few decades rampant consumerism certainly seems to have ensured that the economic bubble continued to grow. But like all bubbles, the economic one eventually had to burst, and the current global recession is causing some people to question the wisdom of pursuing an ever-growing economy. "Right now the only way we know to keep an economy going is to consume more and more, but I'm asking if we could do better than this," says Jackson, author of Prosperity Without Growth: Economics For A Finite Planet. "Previously it has been taboo to raise the question of economic growth within government - economic stability is seen to rely on growth," says Jackson. But he thinks that the global recession, change in UK government and failure to reach a climate deal in Copenhagen last year have all helped to break down the taboo and open up debate. "It is now possible to question whether GDP is the best measure of how well we do as a nation, and to ask what happiness really means," says Jackson.
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