The dilemma of growth: prosperity vs economic expansion
Rethinking prosperity is a vital task because our prevailing vision of the good life – and the economics intended to deliver it – have both come badly unstuck. Financial markets are unstable; inequality is rising; and despite the 500,000 or so people who took to the streets before Tuesday’s UN Climate Summit in New York, tackling climate change still faces a “frustrating lack of progress”. If this were not enough, the proposition that more is always better has signally failed to deliver, particularly in the affluent west. But questioning these values is deemed to be the act of lunatics, idealists and revolutionaries.