I guess what irks me most when I read all the “return to growth” stories, whether they address the US or Greece or any other nation, is that it’s such a one-dimensional notion. I never see anyone asking questions about the core issue. And most of all, I never see a politician or economist addressing the question of what would happen to us, and what we should do, if we can not return to growth.
Surely we can all agree that political decisions and measures would in all likelihood be very different if we, if even hypothetically, considered a no-growth scenario. For now, it’s treated as a doomsday tale, to the extent that anyone gives it any thought at all.
Because that’s it, in the end, isn’t it: the growth religion makes us destroy not only our economies, but the very world we live in. And that is embarrassing, if nothing else. For onr thing, how does that define as growth? It makes us look just about infinitely stupid. Luckily for us, we can do something about it: start thinking about and discussing why we want growth; if we need it, why we want it.