This year we saw the first Steady State Economy Conference held in Leeds, UK and hosted by the Center for the Advancement of the Steady State Economy (CASSE) and Economic Justice for All. While the reports from conference goers afterward were good, for those of us that couldn’t attend there was hope for something tangible to come out of it. Luckily for us, that happened to be one of the goals of the event.
Today is the release of a seminal paper, Enough Is Enough: Ideas for a Sustainable Economy in a World of Finite Resources, a 130 page report that not only addresses why we need an alternative to growth, but outlines policies to achieve such an alternative: a steady state economy.
Part One of the report covers the problems with growth, and the concept of enough. It open’s with a great quote from Tim Jackson, author of Prosperity Without Growth, and keynote speaker at the conference:
“Here is a point in time where our institutions are wrong. Our economics is not fit for purpose. The outcomes of this economic system are perverse. But this is not an anthem of despair. It’s not a place where we should give up hope. It’s not an impossibility theorem. The impossibility lives in believing we have a set of principles that works for us. Once we let go of that assumption anything is possible.”
Part Two of the report contains the real guts of the report, outlining the most complete collection of policy ideas, tools and reforms in one place. This section has the most weight to it and will make the biggest splash, but Part Three helps to combine these policies with the reality present in Part One: how to get the economy functioning and transitioning to a steady state economy.
The problems are real, the studies numerous, and the evidence richly points to the need for an alternative to growth. A steady state economy represents the best of many solutions: providing a sustainable scale to the economy, as well as providing more prosperity for everyone. This report states the facts, outlines the way out of our economy of “more” and into an economy of “enough.”